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Carnival Corporation & plc Increases Quarterly Dividend by 25 Percent

MIAMI, Oct. 19, 2005 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE: CCL; LSE) (NYSE: CUK) announced today that it has declared a quarterlydividend of $0.25 cents per share -- an increase of 25 percent.

The dividend is payable on December 9, 2005, to shareholders of record onNovember 18, 2005.

With today's announcement -- combined with previously announced dividendincreases in April 2005 and October 2004 -- Carnival's quarterly dividend hasdoubled in just over 12 months.

In April 2005, Carnival's quarterly dividend increased 33 percent from$0.15 cents per share to $0.20 cents per share; in October 2004 the companyincreased its dividend 20 percent to $0.15 per share from $0.125 per share.

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 12 noon on December 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 November 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 79 ships totaling more than 137,000 lowerberths with 12 new ships scheduled for delivery between January 2006 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 is available online at #and # .

SOURCE Carnival Corporation & plc

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

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