Carnival Corporation & plc Declares Dividend                  

    MIAMI, Oct. 20, 2016 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
    has announced that it has declared a quarterly dividend of $0.35 per share.

    The company's board of directors approved a record date for the quarterly
    dividend of November 25, 2016, and a payment date of December 16, 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 December 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 November 25, 2016.

    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 18 new ships scheduled to be
    delivered through 2022. 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/.

    SOURCE: Carnival Corporation

    CONTACT: Carnival Corporation Media Contact: Roger Frizzell, Carnival
    Corporation, rfrizzell@carnival.com, (305) 406-7862; Carnival Corporation
    Investor Relations: Beth Roberts, Carnival Corporation, eroberts@carnival.com,
    (305) 599-2600