Carnival Corporation & plc Declares Dividend                  

    MIAMI, Jan. 14, 2016 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
    has announced that it has declared a dividend of $0.30 per share.

    The company's board of directors approved a record date for the quarterly
    dividend of February 19, 2016, and a payment date of March 11, 2016.

    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 March 1,
    2016.  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 February 19, 2016.

    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 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 99 ships totaling 216,000 lower berths with 17
    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.fathom.org/, 
    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/, and http://www.pocruises.com/.

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