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Carnival Corporation & plc Increases Quarterly Dividend by 33 Percent

Second Time in Six Months Company Has Increased Quarterly Dividend

MIAMI, April 15, 2005 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE: CCL; LSE) (NYSE: CUK) announced today that it has increased itsquarterly dividend from $0.15 cents per share to $0.20 cents per share -- anincrease of 33 percent and the second time in six months that the dividend hasbeen increased. The dividend is payable on June 10, 2005 to shareholders ofrecord on May 20, 2005.

"Not only does this reflect our confidence in the strength of the cruisebusiness, it also demonstrates our commitment to continue to grow shareholderreturns," said Micky Arison, Carnival Corporation & plc chairman and CEO.

This latest dividend increase follows an increase of 20 percent in October2004.

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 11 a.m. on June 1, 2005. Holders of Carnivalplc ordinary shares wishing to receive their dividend in U.S. dollars orparticipate in the Carnival plc Dividend Reinvestment Plan must elect to do soby May 20, 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 is available online at carnivalcorp.com andcarnivalplc.com.

SOURCE Carnival Corporation & plc

CONTACT: Media: US: Tim Gallagher of Carnival Corporation & plc,+1-305-599-2600, ext. 16000; or UK: Sofie Fitton of Brunswick Group,+44-20-7404-5959, for Carnival Corporation & plc; or Investor: US/UK: BethRoberts of Carnival Corporation & plc, +1-305-406-4832

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