Carnival Corp & plc Increases Quarterly Div...

FOR IMMEDIATE RELEASE

                     CARNIVAL CORPORATION & PLC INCREASES                      

                       QUARTERLY DIVIDEND BY 25 PERCENT                        

MIAMI (October 19, 2005) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) announced today that it has declared a quarterly dividend of $0.25 cents
per share -- an increase of 25 percent.

The dividend is payable on December 9, 2005, to shareholders of record on
November 18, 2005.

With today's announcement - combined with previously announced dividend
increases in April 2005 and October 2004 - Carnival's quarterly dividend has
doubled in just over 12 months.

In April 2005, Carnival's quarterly dividend increased 33 percent from $0.15
cents per share to $0.20 cents per share; in October 2004 the company increased
its dividend 20 percent to $0.15 per share from $0.125 per share.

Holders of Carnival Corporation common stock or Carnival plc ADSs will receive
the dividend payable in U.S. dollars. The dividend for Carnival plc ordinary
shares will be payable in U.S. dollars or sterling. In the absence of
instructions or elections to the contrary, holders of Carnival plc ordinary
shares will automatically receive the dividend in sterling. 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 December 1, 2005. Holders of
Carnival plc ordinary shares wishing to receive their dividend in U.S. dollars
or participate in the Carnival plc Dividend Reinvestment Plan must elect to do
so by November 18, 2005.

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 79 ships totaling more than 137,000 lower berths
with 12 new ships scheduled for delivery between January 2006 and April 2009.
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.

Additional information is available online at carnivalcorp.com and
carnivalplc.com.

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MEDIA CONTACTS:

US

Carnival Corporation & plc

Tim Gallagher

305 599 2600, ext. 16000

UK

Brunswick Group

Sophie Fitton/Sarah Lindgreen

44 (0) 20 7404 5959

INVESTOR RELATIONS CONTACTS:

US/UK

Carnival Corporation & plc

Beth Roberts

305 406 4832