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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, June 1, 2006 /PRNewswire-FirstCall/ -- On April 21, 2006, CarnivalCorporation & plc (NYSE/LSE: CCL) (NYSE: CUK) announced a quarterly cashdividend of 25 (U.S.) cents per share. The dividend is payable on June 9,2006, to shareholders of record on May 19, 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 May 19, 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 June 1,2006 (US$1 = 53.65095 pence). Accordingly, the dividend payable in sterling onJune 9, 2006, will be 13.41274 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 80 ships totaling approximately 141,000lower berths with 14 new ships scheduled to enter service between June 2006and fall 2009. 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
06/01/2006
CONTACT: Media (U.S.),
Tim Gallagher, Carnival Corporation & plc,
+1-305-599-2600, ext. 16000; or
Media (UK),
Sophie Fitton or Sarah Lindgreen,
both of Brunswick Group,
+011-44-20-7404-5959, for Carnival; or
InvestorRelations (U.S. and UK),
Beth Roberts, Carnival Corporation & plc,
+1-305-406-4832

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