Content Section

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, Dec. 1 /PRNewswire-FirstCall/ -- On October 18, 2006, CarnivalCorporation & plc (NYSE: CCL; LSE) (NYSE: CUK) announced a quarterly cashdividend of $0.275 per share. The dividend is payable on December 8, 2006, toshareholders of record on November 17, 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 November 17, 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 December1, 2006 (US$1 = 50.81043 pence). Accordingly, the dividend payable in sterlingon December 8, 2006, will be 13.97287 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, Windstar Cruises, AIDA Cruises, Costa Cruises,Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O CruisesAustralia.

Together, these brands operate 81 ships totaling approximately 144,000lower berths with 17 new ships scheduled to enter service between March 2007and spring 2010. 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.

Additional information is available on-line at www.carnivalcorp.com andwww.carnivalplc.com.

SOURCE Carnival Corporation & plc

CONTACT: MEDIA, US, Tim Gallagher of Carnival Corporation & plc,
+1-305-599-2600, ext. 16000, or UK, Ruban Yogarajah of Brunswick Group,
+44 (0) 20 7404 5959, or INVESTOR RELATIONS, US-UK, Beth Roberts of Carnival
Corporation & plc, +1-305-406-4832

Kaleidoscope powered