MIAMI, Jan. 23, 2002 -- 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 28, 2002. The dividend is payable on March 14, 2002, to shareholders of record on February 28, 2002.

Carnival Corporation is comprised of Carnival Cruise Lines, the world's largest cruise line based on passengers carried, Holland America Line, Costa Cruises, Cunard Line, Seabourn Cruise Line and Windstar Cruises. Carnival Corporation's various brands operate 43 ships in the Caribbean, Alaska, Europe, Mexican Riviera, South America and other worldwide destinations.