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Carnival Corporation & plc Declares Dividend

MIAMI, Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- On April 21, 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 May 21, 2004 and a payment date ofJune 11, 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 June 1, 2004. Holders of Carnivalplc ordinary shares wishing to receive their dividend in U.S. dollars orparticipate in the Carnival plc Dividend Reinvestment Plus must elect to do soby May 21, 2004.

Traded on both the New York and London Stock Exchanges, CarnivalCorporation & plc is the largest cruise vacation group in the world, with aportfolio of 12 cruise brands in North America, Europe and Australia,comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises,Seabourn Cruise Line, Windstar Cruises, AIDA, Costa Cruises, Cunard Line,Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises Australia.

Together, these brands operate 76 ships totaling more than 125,000 lowerberths with nine new ships scheduled for delivery between June 2004 and December 2006. Carnival Corporation & plc also operates the leading tourcompanies in Alaska and the Canadian Yukon, Holland America Tours and PrincessTours.

Additional information on Carnival Corporation & plc is available atwww.carnivalcorp.com and www.carnivalplc.com.

MEDIA CONTACTS:
US
Carnival Corporation & plc
Tim Gallagher
1 305 599 2600, ext. 16000

UK
Brunswick
Sophie Fitton/Sarah Tovey
44 (0) 20 7404 5959

INVESTOR RELATIONS CONTACTS:
US/UK
Carnival Corporation & plc
Beth Roberts
1 305 406 4832

UK
Bronwen Griffiths
44 (0) 23 8052 5231

SOURCE Carnival Corporation & plc

U.S. Media
Tim Gallagher
+1-305-599-2600, ext. 16000
or
U.S.or U.K. Investor Relations
Beth Roberts
+1-305-406-4832
both of CarnivalCorporation & plc
or
in the U.K.
Sarah Tovey
or
Sophie Fitton
both ofBrunswick Group
+011-44-20-7404-5959
or
Bronwen Griffiths
+011-44-23-8052-5231
all for Carnival Corporation & plc

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