Dividend Declaration

Carnival Corporation & plc Declares Dividend

    MIAMI, July 17 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has 
announced that it has declared a dividend of US$0.35 per share.
    The boards approved a record date for the quarterly dividend of August 24,
2007, and a payment date of September 14, 2007.
    Holders of Carnival Corporation common stock and 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 September
4, 2007.  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 August 24, 2007.
    Carnival Corporation & plc is the largest cruise vacation group in the
world, with a portfolio of cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess
Cruises, Seabourn Cruise Line, AIDA Cruises, Costa Cruises, Cunard Line, Ocean
Village, P&O Cruises and P&O Cruises Australia.
    Together, these brands operate 82 ships totaling 154,000 lower berths with
17 new ships scheduled to enter service between December 2007 and June 2011.
Carnival Corporation & plc also operates Holland America Tours and Princess
Tours, the leading tour companies in Alaska and the Canadian Yukon. 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.

SOURCE  Carnival Corporation & plc
    -0-                             07/17/2007
    CONTACT:  Media, Tim Gallagher or Jennifer de la Cruz, [phone],
ext. 16000, or Investor Relations, Beth Roberts, [phone], all of
Carnival Corporation & plc; or UK, Richard Jacques or Sophie Brand of
Brunswick Group, [phone]
    Web site:  http://www.carnivalcorp.com
    (CCL CUK)