Carnival Announces Dividend Exchange Rate

Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend   

MIAMI, June 2, 2014 -- On April 22, 2014, Carnival Corporation & plc (NYSE/LSE:
CCL; NYSE: CUK) announced a quarterly cash dividend of $0.25 (U.S.) per share.
The dividend is payable on June 13, 2014, to shareholders of record on May 23,
2014.

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 May 23, 2014.

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 June 2,
2014 (US$1 = 59.68724 pence). Accordingly, the dividend payable in sterling on
June 13, 2014, will be 14.92181 pence per share.

Carnival Corporation & plc is the largest cruise company 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,
Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises
(Australia) and P&O Cruises (UK).

Together, these brands operate 101 ships totaling 212,000 lower berths with
seven new ships scheduled to be delivered between fall 2014 and summer 2016.
Carnival Corporation & plc also operates Holland America Princess Alaska 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.

CONTACT: MEDIA CONTACT, Carnival Corporation & plc, Roger Frizzell, 1 305 599
2600, ext. 67862, INVESTOR RELATIONS CONTACT, Carnival Corporation & plc, Beth
Roberts, 1 305 406 4832