Dividend Declaration

Carnival Corporation & plc Declares Dividend 
 
    MIAMI, Jan. 15 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has 
announced that it has declared a dividend of $0.40 per share.    
    The boards approved a record date for the quarterly dividend of February 
22, 2008, and a payment date of March 14, 2008. 
    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 3, 
2008.  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 22, 2008.  
 
    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, The Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, 
Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises Australia. 
    Together, these brands operate 85 ships totaling more than 158,000 lower 
berths with 22 new ships scheduled to enter service between April 2008 and May 
2012.  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. 
    Additional information is available on-line at http://www.carnivalcorp.com 
and http://www.carnivalplc.com.  
 
SOURCE  Carnival Corporation & plc 
    -0-                             01/15/2008 
    CONTACT:  Media, US, Tim Gallagher of Carnival Corporation & plc,  
[phone], Ext. 16000; or UK, Sophie Fitton and Sophie Brand, Brunswick 
Group, [phone]; or Investor Relations, US and UK, Beth Roberts of 
Carnival Corporation & plc, [phone] 
    Web site:  http://www.carnivalcorp.com 
               http://www.carnivalplc.com  
    (CCL CUK)