TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                          Carnival PLC
attached:

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                         X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                          Thornburg Investment
notification obligation:                                            Management Inc.

4. Full name of shareholder(s)                                            N/A
 (if different from 3.):

5. Date of the transaction and date on
which the threshold is crossed or                                    02 April 2014
reached:

6. Date on which issuer notified:                                    04 April 2014

7. Threshold(s) that is/are crossed or                           Below 7% voting rights
reached:





8. Notified details:

A: Voting rights attached to shares

Class/   Situation previous   Resulting situation after the triggering transaction
type of  to the triggering
shares   transaction


if       Number      Number   Number          Number of voting     % of  voting rights
possible of          of       of shares       rights
using    Shares      Voting
the ISIN             Rights
CODE                          Direct          Direct    Indirect   Direct    Indirect


  ORD

3121522   Below 8%   Below 8%       N/A          N/A    12,812,070    N/A       6.97%

(SEDOL)



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration       Exercise/           Number of voting      % of voting
financial   date             Conversion Period   rights that may be    rights
instrument                                       acquired if the
                                                 instrument is
                                                 exercised/ converted.

    N/A





Total (A+B)

Number of voting rights                 Percentage of voting rights

12,812,070                              6.97%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:



Thornburg Investment Management holds these shares as discretionary Investment
Manager.



Proxy Voting:

10. Name of the proxy holder:                                                    N/A

11. Number of voting rights proxy holder will cease                              N/A
to hold:

12. Date on which proxy holder will cease to hold                                N/A
voting rights:




13. Additional information:

14. Contact name:                                                Arnaldo Perez

15. Contact telephone number:                                    1-305-599-2600

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