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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, Sept. 2, 2004 /PRNewswire-FirstCall/ -- On July 20, 2004, CarnivalCorporation & plc (NYSE: CCL; LSE) (NYSE: CUK) announced a quarterly cashdividend of 12.5 (U.S.) cents per share. The dividend is payable on September10, 2004, to shareholders of record on August 20, 2004.

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 August 20, 2004.

Dividends payable in sterling will be converted from U.S. dollars at theexchange rate quoted by the Bank of England in London at 11 a.m. on September1, 2004 (US $1 = 55.70410 pence). Accordingly, the dividend payable insterling on September 10, 2004 will be approximately 6.96301 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, Costa Cruises, CunardLine, Ocean Village, P&O Cruises, Swan Hellenic and P&O Cruises Australia.

Together, these brands operate 77 ships totaling more than 128,000 lowerberths with eight new ships scheduled for delivery between November 2004 andDecember 2006. 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 can be obtained via Carnival Corporation & plc'sWeb sites at # and # .

SOURCE Carnival Corporation & plc
CONTACT:
Media
Tim Gallagher, +1-305-599-2600, ext. 16000
or
SophieFitton
or
Sarah Tovey in the UK
+011-44-20-7404-5959
or
Investor Relations
Beth Roberts
+1-305-406-4832
all of Carnival Corporation & plc
Web site: # #
(CCL CUK)

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