Carnival Announces Dividend Exchange Rate

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend   

MIAMI, Dec. 2, 2010 -- On October 19, 2010, Carnival Corporation & plc 
(NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.10 (U.S.) 
per share. The dividend is payable on December 10, 2010, to shareholders of 
record on November 19, 2010.

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 19, 2010.

Dividends payable in sterling were converted from U.S. dollars at the exchange
rate quoted by the Bank of England in London at 12 noon on December 1, 2010
(US$1 = 64.09435 pence). Accordingly, the dividend payable in sterling on
December 10, 2010, will be 6.40943 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, Australia and Asia,
comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, The
Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, Ibero Cruises, P&
O Cruises and P&O Cruises Australia.

Together, these brands operate 98 ships totaling more than 191,000 lower berths
with 10 new ships scheduled to be delivered between March 2011 and May 2014.
Carnival Corporation & plc also operates Holland America Princess Alaska Tours,
the leading tour company 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.

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

SOURCE  Carnival Plc 

CONTACT: Media, Tim Gallagher, [phone], ext. 16000, or Investor
Relations, Beth Roberts, [phone]