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Carnival Corporation & plc Declares Dividend

MIAMI, July 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Carnival Corporation & plc(NYSE: CCL; LSE) (NYSE: CUK) today announced that its boards of directors havedeclared a quarterly dividend of $0.20 per share. The dividend is payable onSeptember 9, 2005 for shareholders of record on August 19, 2005.

Holders of Carnival Corporation common stock or Carnival plc ADSs willreceive the dividend payable in U.S. dollars. The dividend for Carnival plcordinary shares will be payable in U.S. dollars or sterling. In the absenceof instructions or elections to the contrary, holders of Carnival plc ordinaryshares will automatically receive the dividend in sterling. Dividends payablein sterling will be converted from U.S. dollars at the exchange rate quoted bythe Bank of England in London at 12 noon on September 1, 2005. Holders ofCarnival plc ordinary shares wishing to receive their dividend in U.S. dollarsor participate in the Carnival plc Dividend Reinvestment Plan must elect to doso by August 19, 2005.

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 78 ships totaling more than 134,000 lowerberths with 12 new ships scheduled for delivery between July 2005 and April2009. Carnival Corporation & plc also operates the leading tour companies inAlaska and the Canadian Yukon, Holland America Tours and Princess Tours.Traded on both the New York and London Stock Exchanges, Carnival Corporation &plc is the only group in the world to be included in both the S&P 500 and theFTSE 100 indices.

Additional information can be obtained via Carnival Corporation & plc'sWeb sites at # and # .

SOURCE Carnival Corporation & plc

Media, U.S., Tim Gallagher, Carnival Corporation, +1-305-599-2600, ext. 16000; or UK
Sophie Fitton or Sarah Tovey, both of Brunswick group, +011-44-20-7404-5959, for
Carnival Corporation; or Investors, U.S. and UK, Beth Roberts, Carnival Corporation,
+1-305-406-4832

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