Dividend Declaration

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend 
 
    MIAMI, Dec. 2 -- On October 31, 2008, Carnival Corporation & plc 
(NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.40 (U.S.) 
per share.  The dividend is payable on December 12, 2008, to shareholders of 
record on November 21, 2008. 
    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 November 21, 2008.  
    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 December 
1, 2008 (US$1= 66.46285). Accordingly, the dividend payable in sterling on 
December 12, 2008, will be 26.58514 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, 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 88 ships totaling more than 169,000 lower 
berths with 17 new ships scheduled to be delivered between March 2009 and June 
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. 
 
SOURCE  Carnival plc  

    CONTACT:  Media, US, Tim Gallagher, 001 305 599 2600, ext. 16000, or    
Investor Relations, US-UK, Beth Roberts, 001 305 406 4832, both of Carnival 
Corporation & plc; or UK, Richard Jacques or Sophie Brand, 44 (0) 20 7404 
5959, both of Brunswick Group, for Carnival plc 
    (CCL CUK)