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Dividend Declaration

1st Mar 2006 16:27

FOR IMMEDIATE RELEASE CARNIVAL CORPORATION & PLC ANNOUNCES EXCHANGE RATE FOR QUARTERLY DIVIDEND MIAMI (March 1, 2006) - On January 25, 2006, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of 25 (U.S.) cents pershare. The dividend is payable on March 10, 2006, to shareholders of record onFebruary 17, 2006.Holders of Carnival Corporation common stock or Carnival plc ADSs will receivea dividend payable in U.S. dollars. The dividend for Carnival plc ordinaryshares will be payable in sterling unless shareholders elected to receive thedividend in U.S. dollars by February 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 March 1,2006 (US$1 = 56.95085 pence). Accordingly, the dividend payable in sterling onMarch 10, 2006, will be 14.23771 pence per share.Carnival Corporation & plc is the largest cruise vacation group in the world,with a portfolio of 12 cruise brands in North America, Europe and Australia,comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises,Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, CunardLine, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises Australia.Together, these brands operate 80 ships totaling more than 139,000 lower berthswith 15 new ships scheduled to enter service between May 2006 and fall 2009.Carnival Corporation & plc also operates the leading tour companies in Alaskaand the Canadian Yukon, Holland America Tours and Princess Tours. Traded onboth the New York and London Stock Exchanges, Carnival Corporation & plc is theonly group in the world to be included in both the S&P 500 and the FTSE 100indices.Additional information can be obtained via Carnival Corporation & plc's Websites at www.carnivalcorp.com and www.carnivalplc.com. ### MEDIA CONTACTS:USCarnival Corporation & plcTim Gallagher305 599 2600, ext. 16000UKBrunswick GroupSophie Fitton/Sarah Lindgreen44 (0) 20 7404 5959INVESTOR RELATIONS CONTACT:US/UKCarnival Corporation & plcBeth Roberts305 406 4832ENDCARNIVAL PLC

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Carnival
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