Dividend Declaration

Carnival Corporation & plc Increases Dividend By 20 Percent

MIAMI, July 16, 2015 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it has increased its quarterly dividend to $0.30 per share.

"We are pleased to increase dividends to our shareholders 20 percent this quarter, reflecting our strong cash flow from operations approaching $4 billion this year," said Arnold Donald, president and CEO of Carnival Corporation & plc. "We are committed to returning value to our shareholders as we work toward our goal of providing double digit return on invested capital."

The company's board of directors approved a record date for the quarterly dividend of August 21, 2015, and a payment date of September 11, 2015.

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, 2015.  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 21, 2015.

Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 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, P&O Cruises (Australia),P&O Cruises (UK) and fathom.

Together, these brands will operate 100 ships in 2015 totaling 219,000 lower berths with eight new ships scheduled to be delivered between 2016 and 2018. Carnival Corporation & plc also operates Holland America Princess Alaska 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&P500 and the FTSE 100 indices.

Additional information can be found on http://www.carnival.com/, http://www.hollandamerica.com/, http://www.princess.com/. http://www.seabourn.com/, http://www.aida.de/, http://www.costacruise.com/, http://www.cunard.com/, http://www.pocruises.com.au/., http://www.pocruises.com/, http://www.fathom.org/.

CONTACT: MEDIA CONTACT, Carnival Corporation & plc, Roger Frizzell, 1 305 599 2600, ext. 67862; INVESTOR RELATIONS CONTACT, Carnival Corporation & plc, Beth Roberts, 1 305 406 4832