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Carnival Corporation & plc Declares Dividend

MIAMI, Jan 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- Carnival Corporation & plc(NYSE: CCL; LSE) (NYSE: CUK) announced today that its Boards of Directorsdeclared a quarterly dividend of $0.15 per share. The dividend is payable onMarch 11, 2005, to shareholders of record on February 18, 2005.

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 March 1, 2005. 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 18, 2005.

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 77 ships totaling more than 132,000 lowerberths with 13 new ships scheduled for delivery between April 2005 and April2009. 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

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

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