Carnival Corporation & plc Declares Dividend

Carnival Corporation & plc Declares Dividend

    MIAMI, Jan. 25 /PRNewswire-FirstCall/ -- On January 24, 2006 the boards of 
directors of Carnival Corporation & plc approved a quarterly dividend to 
holders of Carnival Corporation common stock and Carnival plc ordinary shares 
of $0.25 per share.  The boards approved a record date for the quarterly 
dividend of February 17, 2006, and a payment date of March 10, 2006.

    Holders of Carnival Corporation common stock or Carnival plc ADSs will 
receive the dividend payable in U.S. dollars. The dividend for Carnival plc 
ordinary shares will be payable in U.S. dollars or sterling.  In the absence 
of instructions or elections to the contrary, holders of Carnival plc ordinary 
shares will automatically receive the dividend in sterling.  Dividends payable 
in sterling will be converted from U.S. dollars at the exchange rate quoted by 
the Bank of England in London at 12 noon on March 1, 2006.  Holders of 
Carnival plc ordinary shares wishing to receive their dividend in U.S. dollars 
or participate in the Carnival plc Dividend Reinvestment Plan must elect to do 
so by February 17, 2006.

    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, 
Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises 
Australia.

    Together, these brands operate 79 ships totaling more than 137,000 lower 
berths with 16  new ships scheduled to enter service between February 2006 
and fall 2009. Carnival Corporation & plc also operates the leading tour 
companies in Alaska 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 the FTSE 100 indices.

    Additional information on Carnival Corporation & plc is available at 
http://www.carnivalcorp.com and http://www.carnivalplc.com .

MEDIA CONTACTS:             

US                      
Carnival Corporation & plc          
Tim Gallagher                   
305 599 2600, ext. 16000            

UK                      
Brunswick Group                 
Sophie Fitton/Sarah Lindgreen           
44 (0) 20 7404 5959 

INVESTOR RELATIONS CONTACT:

US/UK
Carnival Corporation & plc
Beth Roberts
305 406 4832