Hilton Grand Vacations Announces Launch Of Senior Notes Offering

Hilton Grand Vacations Borrower LLC (the "Issuer") and Hilton Grand Vacations Borrower Inc. (together with the Issuer, the "Issuers") announced today the planned offering, subject to market and other conditions, of $300,000,000 aggregate principal amount of the Issuers' Senior Notes due 2024 (the "Notes"). The Notes are being offered in connection with the previously announced intention by Hilton Worldwide Holdings Inc. ("Hilton Parent"), the indirect parent of the Issuers, to spin off its timeshare business, following which Hilton Grand Vacations Inc. ("HGV"), the indirect parent of the Issuers and an indirect subsidiary of Hilton Parent, will be an independent, publicly traded company.

The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws. The Notes may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered by the initial purchasers only to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release is being issued pursuant to Rule 135(c) under the Securities Act, and it is neither an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

Forward Looking StatementsThis press release includes certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on HGV's management's beliefs and assumptions and on information currently available to HGV's management. Forward-looking statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the benefits resulting from our separation from Hilton Parent, the effects of competition and the effects of future legislation or regulations and other non-historical statements. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words.

Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. You should not put undue reliance on any forward-looking statements in this press release. We do not have any intention or obligation to update such forward-looking statements.

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