Carnival Announces Dividend Exchange Rate

Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend

MIAMI, Sept. 2, 2016 -- On July 14, 2016, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.35 (U.S.) per share. The dividend is payable on September 16, 2016, to shareholders of record on August 26, 2016.

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 26, 2016.

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, 2016 (US$1 = 75.49449 pence). Accordingly, the dividend payable in sterling on August 26, 2016, will be 26.42307 pence per share.

Carnival Corporation & plc is the largest leisure travel company in the world, and among the most profitable and financially strong in the industry. With a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Fathom, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK).

Together, these brands operate 101 ships visiting over 700 ports around the world and totaling 225,000 lower berths with 15 new ships scheduled to be delivered between 2016 and 2020. 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/, and http://www.fathom.org/.

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