News Release

Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend

MIAMI, March 4, 2014 /PRNewswire/ -- On January 16, 2014, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.25 (U.S.) per share. The dividend is payable on March 14, 2014, to shareholders of record on February 21, 2014.

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 February 21, 2014.

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 March 3, 2014 (US$1 = 59.82292 pence). Accordingly, the dividend payable in sterling on March 14, 2014, will be 14.95573 pence per share.

Carnival Corporation & plc is the largest cruise company 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 (Australia) and P&O Cruises (UK).

Together, these brands operate 101 ships totaling 208,000 lower berths with eight new ships scheduled to be delivered between May 2014 and June 2016. 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&P 500 and the FTSE 100 indices.

SOURCE Carnival Corporation & plc

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