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Carnival Corporation & plc Declares Dividend

MIAMI, Jan. 25, 2006 /PRNewswire-FirstCall/ -- On January 24, 2006 the boards ofdirectors of Carnival Corporation & plc approved a quarterly dividend toholders of Carnival Corporation common stock and Carnival plc ordinary sharesof $0.25 per share. The boards approved a record date for the quarterlydividend of February 17, 2006, and a payment date of March 10, 2006.

Holders of Carnival Corporation common stock or Carnival plc ADSs willreceive the dividend payable in U.S. dollars. The dividend for Carnival plcordinary shares will be payable in U.S. dollars or sterling. In the absenceof instructions or elections to the contrary, holders of Carnival plc ordinaryshares will automatically receive the dividend in sterling. Dividends payablein sterling will be converted from U.S. dollars at the exchange rate quoted bythe Bank of England in London at 12 noon on March 1, 2006. Holders ofCarnival plc ordinary shares wishing to receive their dividend in U.S. dollarsor participate in the Carnival plc Dividend Reinvestment Plan must elect to doso by February 17, 2006.

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 12 cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Holland America Line, PrincessCruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises,Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O CruisesAustralia.

Together, these brands operate 79 ships totaling more than 137,000 lowerberths with 16 new ships scheduled to enter service between February 2006 andfall 2009. Carnival Corporation & plc also operates the leading tour companiesin Alaska and the Canadian Yukon, Holland America Tours and Princess Tours.Traded on both the New York and London Stock Exchanges, Carnival Corporation &plc is the only group in the world to be included in both the S&P 500 and theFTSE 100 indices.

Additional information on Carnival Corporation & plc is available at# and # .

SOURCE Carnival Corporation & plc

CONTACT: U.S. Media, Tim Gallagher, +1-305-599-2600, ext. 16000; or UK
Media, Sophie Fitton or Sarah Lindgreen, both of Brunswick Group,
+011-44-20-7404-5959, for Carnival; or Investor Relations, U.S. and UK, Beth
Roberts, Carnival Corporation & plc, +1-305-406-4832

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