Carnival Corporation & plc Announces Exchan...

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend 
 
    MIAMI, June 1 -- On April 16, 2007, Carnival Corporation & plc
(NYSE/LSE: CCL) (NYSE: CUK) announced a quarterly cash dividend of 35 (U.S.)
cents per share. The dividend is payable on June 8, 2007, to shareholders of
record on May 18, 2007. 
    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 18, 2007.  
    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 1, 
2007 (US$1 = 50.54845 pence). Accordingly, the dividend payable in sterling on 
June 8, 2007, will be 17.69196 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, Seabourn Cruise Line, AIDA Cruises, Costa Cruises, Cunard Line, Ocean 
Village, P&O Cruises and P&O Cruises Australia. 
    Together, these brands operate 82 ships totaling 155,000 lower berths with 
16 new ships scheduled to enter service between December 2007 and June 2011. 
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 plc 
    -0-                             06/01/2007 
    CONTACT:  Tim Gallagher, [phone], ext. 16000, or Beth Roberts, 
[phone], both of Carnival Corporation & plc, or Richard Jacques or 
Sophie Brand, both of Brunswick Group, [phone], for Carnival 
Corporation & plc  
    Web site:  http://www.carnivalcorp.com 
    (CCL CUK)