MIAMI, June 1 /PRNewswire-FirstCall/ -- April 15, 2005, Carnival Corporation & plc announced a quarterly cash dividend of $0.20 per share. The dividend is payable on June 10, 2005 to shareholders of record on May 20, 2005.

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 May 20, 2005.

Dividends payable in sterling will be converted from U.S. dollars at the exchange rate quoted by the Bank of England in London at 11 a.m. on June 1, 2005 (US$1 = 55.11160 pence). Accordingly, the dividend payable in sterling on June 10, 2005, will be approximately 11.02232 pence per share.

Carnival Corporation & plc is the largest cruise vacation group in the world, with a portfolio of 12 cruise brands in North America, Europe and Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises Australia.

Together, these brands operate 78 ships totaling more than 134,000 lower berths with 12 new ships scheduled for delivery between July 2005 and April 2009. Carnival Corporation & plc also operates the leading tour companies in Alaska and the Canadian Yukon, Holland America Tours and Princess Tours. 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 online at http://www.carnivalcorp.com/ and http://www.carnivalplc.com/ .

CONTACT: Media, U.S., Tim Gallagher, Carnival Corporation & plc,
+1-305-599-2600, or UK, Sophie Fitton, Brunswick Group, +011-44-20-7404-5959;
or Investor Relations, U.S/UK, Beth Roberts, Carnival Corporation & plc,
+1-305 406 4832

Web site: http://www.carnivalcorp.com/
http://www.carnivalplc.com/