Carnival Announces Dividend Exchange Rate

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

    MIAMI, March 2 -- On January 21, 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 March 12, 2010, to shareholders of record on 
February 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 February 19, 2010. 

    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, 2010 
(US$1 = 67.22237 pence). Accordingly, the dividend payable in sterling on March 12, 
2010, will be 6.72224 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, The Yachts of 
Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, Ibero Cruises, Ocean Village, 
P&O Cruises and P&O Cruises Australia.

    Together, these brands operate 95 ships totaling more than 185,000 lower berths 
with 11 new ships scheduled to be delivered between March 2010 and May 2012. 
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 Corporation

    CONTACT:  MEDIA: Tim Gallagher, US, [phone], ext. 16000; INVESTOR 
RELATIONS: Beth Roberts, US-UK, [phone], both of Carnival Corporation & plc