On October 11, 2011, Carnival Corporation & plc announced a quarterly cash dividend of $0.25 (U.S.) per share. The dividend is payable on December 16, 2011, to shareholders of record on November 25, 2011.

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 25, 2011.

Dividends payable in sterling were converted from U.S. dollars at the exchange rate quoted by the Bank of England in London at 12 noon on December 1, 2011 (US$1 = 63.65372 pence). Accordingly, the dividend payable in sterling on December 16, 2011, will be 15.91343 pence per share.

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