Carnival Corporation & plc Announces Second Quarterly Dividend Increase In 2017

    MIAMI, Oct. 19, 2017 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
     has announced a 12 percent increase in its quarterly dividend to $0.45 per
    share from the previous dividend amount of $0.40 per share.

    "The increase in our quarterly dividend follows a 14 percent increase earlier
    this year reflecting continued confidence in our sustained earnings improvement
    and strong cash flow. The increased dividend, combined with our ongoing share
    repurchase program, affirms our continued commitment to return cash to
    shareholders," said David Bernstein, chief financial officer for Carnival
    Corporation & plc.

    The board approved a record date for the quarterly dividend of November 24,
    2017 with a payment date of December 15, 2017. 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 December 1,
    2017.  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 November 24, 2017. 

    Carnival Corporation & plc is the world's largest leisure travel company and
    among the most profitable and financially strong in the cruise and vacation
    industries, with a portfolio of 10 dynamic brands that include nine of the
    world's leading cruise lines. With operations in North America, Europe,
    Australia and Asia, its portfolio features Carnival Cruise Line, Holland
    America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises,
    Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the
    corporation's immersion and enrichment experience brand.

    Together, the corporation's cruise lines operate 103 ships with 231,000 lower
    berths visiting over 700 ports around the world, with 18 new ships scheduled to
    be delivered between 2018 and 2022. Carnival Corporation & plc also operates
    Holland America Princess Alaska Tours, the leading tour company 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.

    In 2017, Fast Company recognized Carnival Corporation as being among the "Top
    10 Most Innovative Companies" in both the design and travel categories. Fast
    Company specifically recognized Carnival Corporation for its work in developing
    Ocean Medallion™, a high-tech wearable device that enables the world's first
    interactive guest experience platform capable of transforming vacation travel
    into a highly personalized and elevated level of customized service.

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

    CONTACT: MEDIA CONTACT, Roger Frizzell, +1 (305) 406 7862 ; INVESTOR RELATIONS
    CONTACT, Beth Roberts, +1 (305) 406 4832