Carnival Announces Exchange Rate for Quarterly ...

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend 
 
    MIAMI, June 2 -- On April 23, 2008, Carnival Corporation & plc 
(NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.40 (U.S.) 
per share. The dividend is payable on June 13, 2008, to shareholders of record 
on May 23, 2008. 
    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, 2008.  
    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, 
2008 (US$1 = 50.95282 pence). Accordingly, the dividend payable in sterling on 
June 13, 2008, will be 20.38113 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 86 ships totaling more than 162,000 lower 
berths with 20 new ships scheduled to enter service between July 2008 and June 
2012. Carnival Corporation & plc also operates Holland America Tours and 
Princess 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.  
 
SOURCE  Carnival Corporation & plc 
    -0-                             06/02/2008 
    /CONTACT: Media, US, Tim Gallagher, Carnival Corporation & plc, +1-305-
599-2600, ext. 16000, or UK, Richard Jacques or Sophie Brand, of Brunswick 
Group, 44 (0) 20 7404 5959; or INVESTOR RELATIONS, US-UK, Beth Roberts, 
Carnival Corporation & plc, [phone]/ 
    /Web site:  http://www.carnivalcorp.com / 
    (CCL CUK)