Hilton Hotels Corporation Agrees to Acquire Lodging Business of Hilton Group plc; Transaction to Make Hilton Hotels Corp. a Global Company for the First Time in 40 Years

Business Wire, Dec 29, 2005

HHC's lead advisor was UBS Securities LLC, with Bank of America Securities LLC and Morgan Stanley as co-advisors.

Hilton Hotels Corporation is recognized internationally as a preeminent hospitality company. The company develops, owns, manages or franchises more than 2,300 hotels, resorts and vacation ownership properties. Its properties includes many of the world's best known and most highly regarded hotel brands including Hilton(R), Conrad(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations Company(R) and Homewood Suites by Hilton(R).

Hilton International (HI), an operating division of the UK based Hilton Group plc, owns the rights to the Hilton brand name throughout the world, with the exception of the USA. HI operates 403 hotels, with some 261 branded Hilton, 47 of which under the Hilton Worldwide Resorts, plus 142 under the mid-market Scandic brand. Under a joint venture agreement, Hilton International and the North American based Hilton Hotels Corporation (HHC) share responsibility for the Conrad brand, which includes luxury hotels in several markets around the world.

Note: This presentation contains "forward-looking statements" within the meaning of federal securities law, including statements concerning business strategies and their intended results, and similar statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this presentation are subject to numerous risks and uncertainties, including the effects of economic conditions; supply and demand changes for hotel rooms; competitive conditions in the lodging industry, relationships with clients and property owners; the impact of government regulations; changes in foreign currency exchange rates; and the availability of capital to finance growth, which could cause actual results to differ materially from those expressed in or implied by the statements herein.

Analyst/Investor Conference Call Information

Hilton Group will conduct a conference call for investors and analysts December 29 at 4:30 p.m. London time (11:30 a.m. in New York). Call-in number 44-0207-162-0025, passcode 688858.

Hilton Hotels Corporation will conduct a conference call today, December 29, for investors and analysts at 1:00 p.m. Eastern time (6:00 p.m. in London). Media may participate in a listen-only mode. Call-in numbers: 866-383-8119 (domestic)/617-597-5344 (international), passcode #43013264. A replay of the call will be available by telephone until Thursday, January 5, 2006 at 8:00 p.m. Eastern time (5:00 p.m. Pacific.) To access, dial 888-286-8010 (domestic)/617-801-6888 (international), passcode #43013264. Additionally, a replay will be available indefinitely on hiltonworldwide.com.

The power point presentation management will review is available at www.hiltonworldwide.com; click the investor relations tab, then click on HHC/HI Transaction link.

Media Conference Call Information