REG-Carnival PLC: Carnival Corporation & plc Increases Quarterly Dividend <Origin Href="QuoteRef">CCL.L</Origin>

CarnivalAnnouncement

07/04/2017 15:50

Carnival Corporation & plc Increases Quarterly Dividend And Authorizes
Additional $1 Billion Share Repurchase Program

MIAMI, April 7, 2017 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK)   has announced a 14 percent increase in its quarterly dividend to
$0.40 per share from the previous dividend amount of $0.35 per share.

Additionally, the company's board approved the re-authorization of up to $1
billion in share repurchases covering both Carnival Corporation common stock
and Carnival plc ordinary shares. Since resuming the share repurchase program
in late 2015 the company has repurchased more than 56 million shares valued at
$2.7 billion.

"The increased dividend, along with another $1 billion share repurchase
authorization, reflects continued confidence in our outlook and our ongoing
commitment to return value to our shareholders," said David Bernstein, chief
financial officer for Carnival Corporation & plc.

The board approved a record date for the quarterly dividend of May 26, 2017
with a payment date of June 16, 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 June 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 May 26, 2017.

The share repurchase authorization covers both Carnival Corporation common
stock traded on the New York Stock Exchange and Carnival plc ordinary shares
traded on the London Stock Exchange. Repurchases will take place in the open
market or privately negotiated transactions in accordance with applicable
laws, rules and regulations. The stock repurchase is subject to prevailing
market conditions and other considerations.

Carnival Corporation & plc is among the largest, most profitable and
financially strong leisure travel companies 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, Seabourn, AIDA
Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK).

Together, these brands operate 103 ships visiting over 700 ports around the
world and totaling 230,000 lower berths with 18 new ships scheduled to be
delivered between 2017 and 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&P 500 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, Carnival Corporation & plc, Roger Frizzell, 1 305 599
2600, ext. 67862; INVESTOR RELATIONS CONTACT, Carnival Corporation & plc, Beth
Roberts, 1 305 406 4832



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