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Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, Dec 01, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- On October 19, 2005, CarnivalCorporation & plc (NYSE: CCL; LSE) (NYSE: CUK) announced a quarterly cashdividend of 25 (U.S.) cents per share. The dividend is payable on December 9,2005, to shareholders of record on November 18, 2005.

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 November 18, 2005.

Dividends payable in sterling will be converted from U.S. dollars at theexchange rate quoted by the Bank of England in London at noon on December 1,2005 (US$1 = 57.85363 pence). Accordingly, the dividend payable in sterling onDecember 9, 2005, will be approximately 14.46341 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 79 ships totaling more than 137,000 lowerberths with 12 new ships scheduled for delivery between January 2006 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 on Carnival Corporation & plc is available onlineat # and # .

SOURCE Carnival Corporation & plc

Media (U.S.), Tim Gallagher, +1-305-599-2600, ext. 16000, or Investor Relations (U.S.
or UK), Beth Roberts, +1-305-406-4832, both of Carnival Corporation & plc; or
Media (UK), Sophie Fitton or Sarah Lindgreen, both of Brunswick Group,
+011-44-20-7404-5959, for Carnival

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