MIAMI, Jan. 21 -- Carnival Corporation (NYSE: CCL) announced
today that its Board of Directors declared a regular quarterly dividend of
10.5 cents per share for the first quarter ending February 29, 2000. The
dividend is payable on March 14, 2000, to shareholders of record on February
28, 2000.

Carnival Corporation is comprised of Carnival Cruise Lines, the world's
largest cruise line based on passengers carried, Holland America Line,
Windstar Cruises, Cunard Line Limited, which operates the Cunard and Seabourn
cruise brands, and interests in Costa Cruises and Airtours plc. Combined,
Carnival Corporation's various brands operate 45 ships in the Caribbean,
Alaska, Europe and other worldwide destinations.

Additional information can be obtained via Carnival Corporation's Web site
at
www.carnivalcorp.com
and Carnival Cruise Lines' Web site at
www.carnival.com.