Carnival plc 2005 Employee Share Plan Unapproved Share Option Certificate

This certificate grants an employee (the Option Holder) the right to purchase ordinary shares in Carnival plc at a set price, under the 2005 Employee Share Plan. The option vests equally over five years and must be exercised within a specified period or it will lapse. The option is not approved for favorable UK tax treatment, and the employee is responsible for any employer's National Insurance contributions arising from exercising the option. The certificate is legally binding and subject to the plan's rules.