Carnival Announces Dividend Exchange Rate

Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend   

MIAMI, March 2, 2015 -- On January 13, 2015, 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 March 13, 2015, to shareholders of record on
February 20, 2015.

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 20, 2015.

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 2,
2015 (US$1 = 64.91820 pence). Accordingly, the dividend payable in sterling on
March 13, 2015, will be 16.22955 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, P&O Cruises (Australia) and P&O
Cruises (UK).

Together, these brands operate 101 ships totaling 216,000 lower berths with
nine new ships scheduled to be delivered between 2015 and 2018. 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.

Additional information can be found on www.carnival.com, www.hollandamerica.com
, www.princess.com, www.seabourn.com, www.aida.de, www.costacruises.com, 
www.cunard.com, www.pocruises.com.au and www.pocruises.com.

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