Dividend Declaration

Carnival Corporation & PLC Declares Dividend

    MIAMI, April 21 -- On April 20, 2006 the Boards of Directors of Carnival 
Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) have approved a quarterly 
dividend to holders of Carnival Corporation common stock and Carnival plc 
ordinary shares of $0.25 per share.  The boards approved a record date for the 
quarterly dividend of May 19, 2006, and a payment date of June 9, 2006.

    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 June 1, 2006.  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 May 19, 2006.

    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 80 ships totaling approximately 139,000 
lower berths with 15 new ships scheduled to enter service between June 2006 
and fall 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.

    MEDIA CONTACTS                    INVESTOR RELATIONS CONTACT
     US                                US/UK
      Carnival Corporation & plc        Carnival Corporation & plc
      Tim Gallagher                     Beth Roberts
      1 305 599 2600, ext. 16000        1 305 406 4832

     UK
      Brunswick Group 
      Sophie Fitton/Sarah Lindgreen
      44 (0) 20 7404 5959

SOURCE  Carnival Corporation
    -0-                             04/21/2006
    /CONTACT:  US Media: Tim Gallagher Carnival Corporation & plc, 
[phone], ext.16000; or UK Media: Sophie Fitton or Sarah Lindgreen of 
Brunswick Group, [phone]; or US or UK Investor Relations: Beth 
Roberts of Carnival Corporation & plc, [phone] /
    /Web site:  http://www.carnivalcorp.com /