Carnival Corporation Announces Dividend Exchange

Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend   

MIAMI, Sept. 4, 2012 -- On July 11, 2012, 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 September 14, 2012, to shareholders of record on
August 24, 2012.

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 24, 2012.

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
4, 2012 (US$1 = 62.99609 pence). Accordingly, the dividend payable in sterling
on September 14, 2012, will be 15.74902 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 100 ships totaling 202,000 lower berths with
seven new ships scheduled to be delivered between March 2013 and March 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. 

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

SOURCE Carnival Plc

CONTACT:  MEDIA CONTACT,  Jennifer de la Cruz, [phone], ext. 16000,
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