Carnival Corporation & PLC Announces Exchange Rate For Quarterly Dividend

MIAMI
(December 4, 2018) – On October 17, 2018, Carnival Corporation & plc
(NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.50 (U.S.) per
share. The dividend is payable on December 14, 2018, to shareholders of record
on November 23, 2018.

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 November 23, 2018.

Dividends
payable in sterling will be converted from U.S. dollars at the exchange rate
quoted by Bloomberg (BFIX) at 12 noon London time on …

MIAMI
(December 4, 2018) – On October 17, 2018, Carnival Corporation & plc
(NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.50 (U.S.) per
share. The dividend is payable on December 14, 2018, to shareholders of record
on November 23, 2018.

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 November 23, 2018.

Dividends
payable in sterling will be converted from U.S. dollars at the exchange rate
quoted by Bloomberg (BFIX) at 12 noon London time on …

December 6, 2018