Carnival Corp. & plc Announces Rate for Div...

CARNIVAL CORPORATION & PLC ANNOUNCES EXCHANGE RATE FOR QUARTERLY DIVIDEND

MIAMI (September 1, 2006) - On July 7, 2006, Carnival Corporation & plc 
(NYSE/LSE: CCL)(NYSE: CUK) announced a quarterly cash dividend of 25 (U.S.) 
cents per share. The dividend is payable on September 8, 2006, to shareholders 
of record on August 18, 2006.

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 August 18, 2006. 

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 September 
1, 2006 (US$1 = 52.53204 pence). Accordingly, the dividend payable in sterling 
on September 8, 2006, will be 13.13301 pence per share.

Carnival Corporation & plc is the largest cruise vacation group in the world, 
with a portfolio of 12 cruise brands in North America, Europe and Australia, 
comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, 
Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, Cunard 
Line, Ocean Village, P&O Cruises, Swan Hellenic and P&O Cruises Australia.

Together, these brands operate 81 ships totaling approximately 144,000 lower 
berths with 15 new ships scheduled to enter service between March 2007 and 
spring 2010. Carnival Corporation & plc also operates the leading tour 
companies in Alaska and the Canadian Yukon, Holland America Tours and Princess 
Tours. 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.   

     MEDIA CONTACTS:                      INVESTOR RELATIONS CONTACT:     
     US                                   US/UK                           
     Carnival Corporation & plc           Carnival Corporation & plc      
     Tim Gallagher                        Beth Roberts                    
     305 599 2600, ext. 16000             305 406 4832                    

     UK
     Brunswick Group 
     Ruban Yogarajah
     44 (0) 20 7404 5959

SOURCE  Carnival Corporation & plc
    -0-                             09/01/2006