Dividend Declaration

Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend 
 
    MIAMI, Sept. 2 -- On July 14, 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 September 12, 2008, to shareholders of
record on August 22, 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 August 22, 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 September 
2, 2008 (US$1 = 56.11987 pence). Accordingly, the dividend payable in sterling 
on September 12, 2008, will be 22.44795 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 167,000 lower 
berths with 18 new ships scheduled to be delivered between October 2008 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 
    -0-                             09/02/2008 
    /CONTACT:  Media Contacts, US: Tim Gallagher, [phone], ext. 16000, 
Investor Relations Contact, US and UK: Beth Roberts, [phone], both of 
Carnival Corporation & plc; UK: Richard Jacques or Clare Barclay of Brunswick 
Group, [phone]/ 
    /Web site:  http://www.carnivalcorp.com/ 
    (CCL CUK)