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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, Sept. 1, 2006 /PRNewswire-FirstCall/ -- On July 7, 2006, CarnivalCorporation & plc (NYSE/LSE: CCL)(NYSE: CUK) announced a quarterly cashdividend of 25 (U.S.) cents per share. The dividend is payable on September 8,2006, to shareholders of record on August 18, 2006.

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 18, 2006.

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 September1, 2006 (US$1 = 52.53204 pence). Accordingly, the dividend payable in sterlingon September 8, 2006, will be 13.13301 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 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.

SOURCE Carnival Corporation & plc

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

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