REG-Carnival PLC: Dividend Declaration

CarnivalAnnouncement

11/04/2018 13:05

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

MIAMI, April 11, 2018 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE:
CCL; NYSE: CUK)  has announced an 11 percent increase in its quarterly
dividend to $0.50 per share from the previous dividend amount of $0.45 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.

Commented David Bernstein, chief financial officer for Carnival Corporation &
plc, "With $6 billion of cash from operations expected in 2018, we remain
committed to distributing cash to shareholders as evidenced by another 11
percent increase in our dividend, combined with another $1 billion share
repurchase authorization, reflecting continued confidence in our outlook. In
just three years, we have doubled our quarterly dividend and invested $3.5
billion in Carnival stock."

The board approved a record date for the quarterly dividend of May 25, 2018,
with a payment date of June 15, 2018.  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 Bloomberg (BFIX) at 12 noon BST on June 1, 2018.

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 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, Australia,
Europe and Asia, its portfolio features Carnival Cruise Line, Princess
Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa
Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard, as well as Fathom, the
corporation's immersion and enrichment experience brand.

Together, the corporation's cruise lines operate 102 ships with 234,000 lower
berths visiting over 700 ports around the world, with 19 new ships scheduled
to be delivered between 2018 and 2023. 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.princess.com,
www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au,
www.costacruise.com, www.aida.de, www.pocruises.com, www.cunard.com, and
www.fathom.org.

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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