Dividend Declaration

Carnival Corporation & Plc Declares Dividend 
 
    MIAMI, Jan. 24 -- Carnival Corporation & plc  (NYSE: CCL; LSE) (NYSE: CUK) 
has announced that it has declared a dividend of $0.275 per share.    
    The boards approved a record date for the quarterly dividend of February 
16, 2007, and a payment date of March 9, 2007. 
    Holders of Carnival Corporation common stock and 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 March 1, 
2007.  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 February 16, 2007. 
    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, 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 144,000 lower berths with 
20 new ships scheduled to enter service between March 2007 and spring 2011. 
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 on-line at www.carnivalcorp.com and 
www.carnivalplc.com.  
 
SOURCE  Carnival Corporation & plc 
    -0-                             01/24/2007 
    /CONTACT:  MEDIA, US, Tim Gallagher of Carnival Corporation & plc,  
[phone], ext. 16000; or UK, Richard Jacques or Sophie Brand of 
Brunswick Group, [phone]; or INVESTOR RELATIONS, US-UK, Beth 
Roberts of Carnival Corporation & plc, [phone]/ 
    /Web site:  http://www.carnivalcorp.com 
                http://www.carnivalplc.com / 
    (CCL CUK)