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Carnival Corporation and plc Declares Dividend

MIAMI, July 21, 2004 /PRNewswire-FirstCall/ -- On July 20, 2004, the boards ofdirectors of Carnival Corporation & plc (NYSE: CCL; LSE) (NYSE: CUK) approveda quarterly dividend to holders of Carnival Corporation common stock andCarnival plc ordinary shares of $0.125 per share. The boards approved arecord date for the quarterly dividend of August 20, 2004 and a payment dateof September 10, 2004.

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 11 a.m. on September 1, 2004. Holders ofCarnival plc ordinary shares wishing to receive their dividend in U.S. dollarsor participate in the Carnival plc Dividend Reinvestment Plus must elect to doso by August 20, 2004.

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, Costa Cruises, CunardLine, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises Australia.

Together, these brands operate 77 ships totaling more than 128,000 lowerberths with eight new ships scheduled for delivery between November 2004 andDecember 2006. Carnival Corporation & plc also operates the leading tourcompanies in Alaska and the Canadian Yukon, Holland America Tours and PrincessTours. Traded on both the New York and London Stock Exchanges, CarnivalCorporation & plc is the only group in the world to be included in both theS&P 500 and the FTSE 100 indices.

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

SOURCE Carnival Corporation & plc

CONTACT:
media
Tim Gallagher
Carnival Corporation & plc
+1-305-599-2600, ext. 16000
or
Sophie Fitton
or
Sarah Tovey of Brunswick inU.K.
+011-44-20-7404-5959
for Carnival Corporation & plc
or
investors
BethRoberts
Carnival Corporation & plc
U.K. mobile
+011-44-79-5643-6104
or
+1-305-406-4832
Web site: # #
(CCL CUK)

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