Dividend Declaration

Carnival Corporation & plc Declares Dividend

    MIAMI, July 13, 2011 -- Carnival Corporation & plc (NYSE/LSE: CCL; 
NYSE: CUK) has announced that it has declared a dividend of $0.25 per 
share.

    The boards approved a record date for the quarterly dividend of 
August 26, 2011, and a payment date of September 16, 2011.

    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 September 1, 2011. 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 August 26, 2011.

    Carnival Corporation & plc is the largest cruise vacation group in 
the world, with a portfolio of cruise brands in North America, Europe, 
Australia and Asia, comprised of Carnival Cruise Lines, Holland America 
Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, 
Ibero Cruises, P&O Cruises (UK) and P&O Cruises (Australia).

    Together, these brands operate 101 ships totaling approximately 
200,000 lower berths with seven new ships scheduled to be delivered 
between May 2012 and February 2015. 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.

    SOURCE Carnival plc

    CONTACT: MEDIA: Tim Gallagher, Carnival Corporation & plc, US,
[phone], ext. 16000; INVESTOR RELATIONS: Beth Roberts, Carnival
Corporation & plc, US/UK, [phone]