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Forward-Looking Statements Information included in this communication, and information which may be contained in other filings with the Securities and Exchange Commission the "SEC" and press releases or other public statements, contains or may contain "forward-looking" statements. Documents relating to the Exchange Offer and the Consent Solicitation will only be distributed to holders of Existing IAC Notes who certify that they are i "qualified institutional buyers" within tumblr mvwceo meaning of Rule A under the Securities Act ofas amended the "Securities Act"or ii persons outside the United States that are not "U. Eligible Holders may obtain copies by contacting D.

We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management's opinion only as of the date on which they were made.

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In connection with the issuance of the Exchange Notes, the Issuer and the guarantors thereof will enter into a registration rights agreement pursuant to which they will agree to exchange the Exchange Notes for registered notes having substantially the same terms as the Exchange Notes or, in certain circumstances, to register the resale of Exchange Notes with the Securities and Exchange Commission. You should carefully consider these and other relevant factors, including those risk factors in this communication and other risks and uncertainties that affect the businesses of the Company and MVW described in their respective filings with the SEC, when reviewing any forward-looking statement. Business Wire July 3,

Marriott Vacations Worldwide Announces Exchange Offer and Consent Solicitation for IAC Notes

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements. Tenders may not be withdrawn after 5:

This communication is for informational purposes only and is not intended to and does not constitute an offer to exchange or buy, nor a solicitation of an offer to sell, subscribe for or exchange or buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The Issuer intends to extend the Exchange Offer if the Combination Transactions are not expected to close promptly after the Expiration Date.

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ILG Announces Date for Special Meeting for Proposed Merger with Marriott Vacations Worldwide