Carnival Announces Dividend Exchange

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend

MIAMI, Dec. 3, 2013 -- On October 15, 2013, 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 December 13, 2013, to shareholders
of record on November 22, 2013.

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 22, 2013.

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 2, 2013
(US$1 = 61.04633 pence). Accordingly, the dividend payable in sterling on
December 13, 2013, will be 15.26158 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 102 ships totaling 209,000 lower berths with
eight new ships scheduled to be delivered between spring 2014 and fall
2016.  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.

CONTACT:  MEDIA CONTACT: US - Carnival Corporation & plc, Roger Frizzell, 
1-305-406-7862; INVESTOR RELATIONS CONTACT: US/UK - Carnival Corporation & plc, 
Beth Roberts, 1-305-406-4832