Dividend Declaration

Carnival Corporation & plc to Resume Dividend

    MIAMI, Jan. 21 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced 
today that its Board of Directors voted to resume its quarterly dividend, which was 
suspended effective March 2009.   

    The board declared a dividend of $0.10 per share and approved a record date of 
February 19, 2010, and a payment date of March 12, 2010.

    "Resuming the quarterly dividend demonstrates our confidence in the earnings power of 
our global cruise brands despite the current economic environment. In addition, there has 
been a notable improvement in our access to the capital markets since the suspension was 
announced at the height of the financial crisis.  Initiating the dividend at this level 
allows us to begin to return cash to shareholders at the peak of our capital expenditure 
program in 2010 and still maintain our strong balance sheet and solid investment grade 
credit rating.  We are committed to returning cash to shareholders and expect to grow the 
dividend as our capital investment program slows beyond 2010 leading to significant free 
cash flow," said Micky Arison, Carnival Corporation & plc chairman and CEO.

    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, 2010.  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 19, 2010.

    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 93 ships totaling more than 180,000 lower berths with 
13 new ships scheduled to be delivered between January 2010 and May 2012. Carnival 
Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour 
company 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 www.carnivalcorp.com and 
www.carnivalplc.com. 

SOURCE  Carnival Corporation & plc

    CONTACT:  Media Contact: Tim Gallagher, Carnival Corporation & plc, [phone], 
ext. 16000; Investor Relations Contact: Beth Roberts, Carnival Corporation & plc, 
[phone]