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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, March 1 /PRNewswire-FirstCall/ -- On January 25, 2006, CarnivalCorporation & plc (NYSE: CCL; LSE) (NYSE: CUK) announced a quarterly cashdividend of 25 (U.S.) cents per share. The dividend is payable on March 10,2006, to shareholders of record on February 17, 2006.

Holders of Carnival Corporation common stock or Carnival plc ADSs willreceive a dividend payable in U.S. dollars. The dividend for Carnival plcordinary shares will be payable in sterling unless shareholders elected toreceive the dividend in U.S. dollars by February 17, 2006.

Dividends payable in sterling will be converted from U.S. dollars at theexchange rate quoted by the Bank of England in London at 12 noon on March 1,2006 (US$1 = 56.95085 pence). Accordingly, the dividend payable in sterling onMarch 10, 2006, will be 14.23771 pence per share.

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 80 ships totaling more than 139,000 lowerberths with 15 new ships scheduled to enter service between May 2006 and fall2009. Carnival Corporation & plc also operates the leading tour companies inAlaska 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 can be obtained via Carnival Corporation & plc'sWeb sites at # and # .

SOURCE Carnival Corporation & plc

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

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