MIAMI, Jan. 15 -- Carnival Corporation (NYSE: CCL) announced
today that its Board of Directors declared a regular quarterly dividend of 11
cents per share for the first quarter ending February 28, 1997. The dividend
is payable March 14, 1997, to shareholders of record on February 28, 1997.

Carnival Corporation is comprised of Carnival Cruise Lines, the world's
largest cruise line based on passengers carried, Holland America Line,
Windstar Cruises and Seabourn Cruise Line, which combined operate 25 ships in
the Caribbean, Alaska and other worldwide destinations. In November, Carnival
Cruise Lines launched the MS Carnival Destiny, the world's first 101,000-ton
cruise ship. Combined, Carnival Cruise Lines and Holland America Line have
six new ships slated for delivery over the next three years. A sister ship to
the Carnival Destiny, the Carnival Triumph, is scheduled to enter service in
1999. Carnival also has two 70,000-ton SuperLiners, the MS Elation and MS
Paradise, under construction and expected to debut in February and November
1998, respectively. Holland America Line also has three new ships on order,
including the 62,000-ton Rotterdam VI, scheduled to enter service in the fall
of 1997, and two 65,000-ton cruise ships expected to debut in 1999. Carnival
recently finalized a joint venture with Hyundai Merchant Marine to form an
Asian-based cruise line.

The new venture is scheduled to begin cruise operations in the Far East in
the spring of 1998.