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Carnival Corporation & plc Increases Dividend By 10 Percent

MIAMI, Oct. 18, 2006 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE/LSE: CCL)(NYSE: CUK) has announced that it has declared a dividend of$0.275 per share -- an increase of 10 percent.

The boards approved a record date for the quarterly dividend ofNovember 17, 2006, and a payment date of December 8, 2006.

Holders of Carnival Corporation common stock and 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 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 December1, 2006. Holders of Carnival plc ordinary shares wishing to receive theirdividend in U.S. dollars or participate in the Carnival plc DividendReinvestment Plan must elect to do so by November 17, 2006.

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 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 81 ships totaling approximately 144,000lower berths with 15 new ships scheduled to enter service between March 2007and spring 2010. 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 is available on-line at #and #

SOURCE Carnival Corporation; Carnival plc

CONTACT: US Media, Tim Gallagher of Carnival Corporation & plc,
+1-305-599-2600, ext. 16000; UK Media, Sarah Lindgreen or Ruban Yogarajah of
Brunswick Group, 44 (0) 20 7404 5959, for Carnival Corporation & plc; Investor
Relations, Beth Roberts of Carnival Corporation & plc, +1-305-406-4832

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