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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, March 1, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- On January 24, 2007, CarnivalCorporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cashdividend of $0.275 (U.S.) per share. The dividend is payable on March 9, 2007,to shareholders of record on February 16, 2007.

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 February 16, 2007.

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 March 1,2007 (US$1 = 50.93725 pence). Accordingly, the dividend payable in sterling onMarch 9, 2007, will be 14.00774 pence per share.

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 82 ships totaling 147,000 lower berths with19 new ships scheduled to enter service between April 2007 and June 2011.Carnival Corporation & plc also operates Holland America Tours and PrincessTours, the leading tour companies in Alaska and the Canadian Yukon. Traded onboth the New York and London Stock Exchanges, Carnival Corporation & plc isthe only group in the world to be included in both the S&P 500 and the FTSE100 indices.

Additional information can be obtained via Carnival Corporation & plc'sWeb sites at www.carnivalcorp.com and www.carnivalplc.com.

SOURCE Carnival Corporation & plc

US, Tim Gallagher of Carnival Corporation & plc, +1-305-599-2600, Ext. 16000; or
UK, Richard Jacques or Sophie Fitton of Brunswick Group, +44 (0) 20 7404 5959; or
Investors, US & UK, Beth Roberts of Carnival Corporation & plc,
+1-305-406-4832

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