Carnival Corporation &
Insider trading & Transactions

Last updated: 22 Nov 2004

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Sale	22 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	32,000	$50.75	$1,624,000
Sale	22 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	104,500	$50.76	$5,304,002
Sale	19 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	12,000	$51.24	$614,856
Sale	19 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	50,000	$51.22	$2,561,150
Sale	18 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	128,000	$51.57	$6,601,216
Sale	18 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	32,000	$51.59	$1,651,008
Sale	17 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	25,000	$52.14	$1,303,425
Sale	17 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	7,000	$52.14	$364,994
Sale	16 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	25,000	$52.39	$1,309,675
Sale	16 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	6,000	$52.42	$314,538
Sale	15 Nov 2004	PEREZ ARNALDO officer: General Counsel & Secretary officer: General Counsel & Secr..	Trust Shares (beneficial interest in special voting share)	9,800	$44.5	$436,139
Option	15 Nov 2004	PEREZ ARNALDO officer: General Counsel & Secretary officer: General Counsel & Secr..	Stock Option (Right to Buy)	4,800	$11	$52,800
Option	15 Nov 2004	PEREZ ARNALDO officer: General Counsel & Secretary officer: General Counsel & Secr..	Trust Shares (beneficial interest in special voting share)	4,800	$11	$52,800
Option	12 Nov 2004	GAUNT IAN JEREMY officer: Sr. Vice President - Int'l officer: Sr. Vice President - I..	Trust Shares (beneficial interest in special voting share)	12,000	$22.57	$270,840
Sale	12 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	85,000	$53.36	$4,535,940
Sale	12 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	20,000	$53.51	$1,070,200
Sale	12 Nov 2004	GAUNT IAN JEREMY officer: Sr. Vice President - Int'l officer: Sr. Vice President - I..	Trust Shares (beneficial interest in special voting share)	12,000	$53.39	$640,680
Sale	11 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	10,000	$53.26	$532,600
Option	11 Nov 2004	CAHILL GERALD RAYMOND officer: Former President & CEO, CCL officer: Former President & CEO..	Stock Option (Right to Buy)	47,999	$28.52	$1,368,979
Option	11 Nov 2004	CAHILL GERALD RAYMOND officer: Former President & CEO, CCL officer: Former President & CEO..	Trust Shares (beneficial interest in special voting share)	47,999	$28.52	$1,368,979
Sale	11 Nov 2004	CAHILL GERALD RAYMOND officer: Former President & CEO, CCL officer: Former President & CEO..	Trust Shares (beneficial interest in special voting share)	47,999	$53.05	$2,546,347
Sale	11 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	20,700	$53.26	$1,102,482
Sale	10 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	40,000	$52.81	$2,112,200
Sale	10 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	10,000	$52.81	$528,050
Sale	9 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	88,000	$52.15	$4,589,376
Sale	9 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	22,000	$52.15	$1,147,344
Sale	5 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	30,000	$52.79	$1,583,700
Sale	5 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	5,000	$52.8	$264,000
Sale	4 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	24,000	$52.59	$1,262,256
Sale	4 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	106,000	$52.64	$5,579,840
Sale	3 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	100,000	$51.95	$5,195,000
Sale	3 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	25,000	$51.98	$1,299,450
Sale	2 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	76,600	$51.6	$3,952,637
Sale	2 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	20,000	$51.76	$1,035,240
Sale	1 Nov 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	10,000	$51.1	$510,980
Sale	1 Nov 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	60,000	$51.04	$3,062,160
Sale	29 Oct 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	20,000	$50.52	$1,010,300
Sale	29 Oct 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	100,000	$50.46	$5,046,000
Sale	29 Oct 2004	JAFASA CONTINUED IRREVOCABLE TRUST other: See Remarks other: See Remarks	Trust Shares (beneficial interest in special voting share)	53,550	$50.53	$2,705,989
Sale	28 Oct 2004	JAFASA CONTINUED IRREVOCABLE TRUST other: See Remarks other: See Remarks	Trust Shares (beneficial interest in special voting share)	20,000	$50.55	$1,010,960
Sale	28 Oct 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	100,000	$50.55	$5,054,700
Sale	28 Oct 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	15,000	$50.58	$758,670
Option	26 Oct 2004	CONOVER PAMELA C officer: Sr. VP - Shares Services officer: Sr. VP - Shares Services	Stock Option (Right to Buy)	53,600	$28.31	$1,517,416
Sale	26 Oct 2004	JAFASA CONTINUED IRREVOCABLE TRUST other: See Remarks other: See Remarks	Trust Shares (beneficial interest in special voting share)	9,000	$50.42	$453,807
Sale	26 Oct 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	6,000	$50.42	$302,538
Sale	26 Oct 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	50,000	$50.41	$2,520,250
Sale	26 Oct 2004	CONOVER PAMELA C officer: Sr. VP - Shares Services officer: Sr. VP - Shares Services	Trust Shares (beneficial interest in special voting share)	63,600	$50.21	$3,193,102
Option	26 Oct 2004	CONOVER PAMELA C officer: Sr. VP - Shares Services officer: Sr. VP - Shares Services	Trust Shares (beneficial interest in special voting share)	58,600	$29.54	$1,730,927
Sale	25 Oct 2004	ARTSFARE 1992 IRREVOCABLE TRUST other: See Footnote 1 below other: See Footnote 1 below	Trust Shares (beneficial interest in special voting share)	20,000	$50.29	$1,005,780
Sale	25 Oct 2004	ARISON MICKY MEIR director, 10 percent owner, officer: Cha.. director, 10 percent owner, off..	Trust Shares (beneficial interest in special voting share)	75,000	$50.02	$3,751,500

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Insider trading

Monitoring trades made by the management members or major shareholders of companies may help create a sharper picture of what is happening inside the companies. Base your decisions on buys or sells of the people involved and do the right thing at the right time.

Who is insider?

Every director or senior officer, as well as any other entity or individual owning more than 10% of the company’s shares on the stock market, is called an insider. Such people or entities are allowed to buy/sell the company's shares under strictly controlled conditions. Key premise here is that none of them can make trades based on non-public information about the company.

Carnival Corporation & Insider trading & Transactions

Insider trading

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Carnival Corporation &
Insider trading & Transactions