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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, June 1 /PRNewswire-FirstCall/ -- On April 16, 2007, CarnivalCorporation & plc (NYSE/LSE: CCL) (NYSE: CUK) announced a quarterly cashdividend of 35 (U.S.) cents per share. The dividend is payable on June 8,2007, to shareholders of record on May 18, 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 May 18, 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 June 1,2007 (US$1 = 50.54845 pence). Accordingly, the dividend payable in sterling onJune 8, 2007, will be 17.69196 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, AIDA Cruises, Costa Cruises, Cunard Line, OceanVillage, P&O Cruises and P&O Cruises Australia.

Together, these brands operate 82 ships totaling 155,000 lower berths with16 new ships scheduled to enter service between December 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.

SOURCE Carnival Corporation & plc

CONTACT: Tim Gallagher, +1-305-599-2600, ext. 16000, or Beth Roberts,
+1-305-406-4832, both of Carnival Corporation & plc, or Richard Jacques or
Sophie Brand, both of Brunswick Group, 44 (0) 20 7404 5959, for Carnival
Corporation & plc

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