Dividend Declaration

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend 
 
    MIAMI, Dec. 3 -- On October 17, 2007, Carnival Corporation & plc (NYSE: CCL; 
LSE)(NYSE: CUK) announced a quarterly cash dividend of $0.40 per share. The 
dividend is payable on December 14, 2007, to shareholders of record on November 
23, 2007. 
    Holders of Carnival Corporation common stock or Carnival plc ADSs will 
receive a dividend payable in U.S. dollars. The dividend for Carnival plc 
ordinary shares will be payable in sterling unless shareholders elected to 
receive the dividend in U.S. dollars by November 23, 2007.  
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 December 
3, 2007 (US$1 = 48.45431 pence). Accordingly, the dividend payable in sterling 
on December 14, 2007, will be 19.38172 pence per share. 
    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, 
Iberocruceros, Ocean Village, P&O Cruises and P&O Cruises Australia. 
    Together, these brands operate 85 ships totaling 158,000 lower berths with 
20 new ships scheduled to enter service between December 2007 and June 2012. 
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 plc 

    CONTACT:  Media, Tim Gallagher, Carnival Corporation & plc,  
[phone], ext. 16000, or Investor Relations US - UK, Beth Roberts, 
Carnival Corporation & plc, [phone]; or UK, Sophie Fitton or Sophie 
Brand, Brunswick Group, 44 (0) 20 7404 5959
    Web site:  http://www.carnivalcorp.com 
    (CCL CUK)