Dividend Declaration

Carnival Corporation & plc Declares Dividend

    MIAMI, Oct. 11, 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 November
25, 2011, and a payment date of December 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 December
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 November 25, 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 10 new ships scheduled to be delivered between April 2012
and March 2016. 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 CONTACTS US, Carnival Corporation & plc, Jennifer de la
Cruz, [phone], ext. 16000, or INVESTOR RELATIONS CONTACT US/UK,
Carnival Corporation & plc, Beth Roberts, [phone]