ORLANDO, Fla., Marriott Vacation Club International (MVCI), the Vacation Ownership division of Marriott International, Inc. [NYSE: MAR] , and Euro Disney SCA announced today the development of a new property near Paris, France and neighboring Disneyland Paris. Scheduled to open in June 2003, Marriott's Village d'Ile-de-France at the Disneyland Resort Paris is the first MVCI project in France.

The property, located within one mile of the Disneyland Paris theme Parks and the adjacent Disneyland Paris golf course designed by Ronald Fream, is approximately 20 miles east of Paris. Marriott's Village d'Ile-de-France at the Disneyland Resort Paris will consist of 275 two-bedroom/two-bath villas (proposed) providing 1,250 square feet of living space. Creating the atmosphere of the French countryside with fabrics and artwork accenting garden prints of Impressionist painters, each villa will offer a golf course view along with a master suite featuring a soaking tub and two vanities, fully-equipped kitchen and dining area, living room with fireplace, washer/dryer and patio. Sales are targeted to begin April 2002 with prices ranging from $12,100 to $23,100 per week of ownership.

"The alliance with Marriott Vacation Club International and Euro Disney is an excellent collaboration," said Stephen P. Weisz, president, Marriott Vacation Club International. "In our pursuit to provide world-class resort options to our vacation owners, we are excited to announce this addition to our portfolio of 52 resorts around the globe."

Marriott's Village d'Ile-de-France at the Disneyland Resort Paris will boast an extensive array of amenities including:

• Access to the Disneyland Paris 27-hole golf course
• Two outdoor pools, one indoor lap pool, two children's pools and three whirlpool spas
• Health club featuring exercise equipment and aerobics room
• Children's facilities including a game room, activity room and outdoor playground
• Restaurant featuring local cuisine
• Lobby lounge for owners and guests
• Convenience store and deli

"Under this new agreement Euro Disney creates a new accommodation offering, complementary to the current hotel complex and which by its nature will allow for the strengthening of the "resort" aspect of Disneyland Paris. It will facilitate week-long stays and drive towards an increased synergy between the riches the region has to offer tourists, and those of Disneyland Paris," added Jay Rasulo, chairman of Euro Disney SA.

Paris provides an array of sightseeing and shopping options for owners. Guests can venture off to the Eiffel Tower, the Musee du Louvre and the Arc de Triomphe or browse in Paris' trendy shopping districts and the new International Shopping Center and La Vallée Shopping Village next to Disneyland Resort Paris. Additionally, Paris serves up a variety of dining selections from local favorites showcasing French cuisine to cafes with international fare. The RER trains (suburban express railway) offer transportation around Paris and for those desiring a day trip to London, they can take advantage of the Eurostar station located at Disneyland Resort Paris. Marriott's Village d'Ile-de-France at the Disneyland Resort Paris is approximately 30-45 minutes from the Roissy Charles de Gaulle Airport and only 30 minutes by Métro from the underground station at the Arc de Triomphe.

Euro Disney SCA [Lon:EDL, Par: EDL and Bru:EDL (BP 100, 77777 Marne La Vallée cedex 4 - France)] and its wholly-owned subsidiaries commenced operations with the official opening of Disneyland Paris on April 12, 1992. The Group operates the Disneyland Resort Paris, which includes the Disneyland Theme Park, seven themed Hotels, the Disney Village entertainment centre and a golf course in Marne La Vallée, France. In addition to this, the Group manages the real estate development and expansion of the property's related infrastructure. To make future visits even more enjoyable Euro Disney SCA is currently constructing The Walt Disney Studios, dedicated to the worlds of film, television and animation. This new Theme Park will open its gates in spring 2002.

Based in Orlando, Fla., MVCI is the recognized, worldwide industry leader in Vacation Ownership with 52 resorts in 29 destinations. The more than 196,000 MVCI vacation owners not only benefit from the "Marriott vacation experience," but also a flexible program with options such as priority week(s) exchange within the MVCI portfolio, trading their week(s) for Marriott RewardsÒ points or exchanging within Interval InternationalÒ's global system of nearly 1,900 resorts in more than 75 countries.

For more information on Vacation Ownership, please call (866) 300-3032 or visit our web site at www.marriottvacationclub.com.

Ed Kinney / Beth Vairo
Marriott Vacation Club International
(407) 206-6278/(407) 513-667
ed.kinney@vacationclub.com
beth.vairo@vacationclub.com

Nadine DeGenova Public Relations
(407) 682-2625
degenova.pr@mindspring.com
Caroline Raulet
Euro Disney SCA
caroline.raulet@disney.com
+33 1 64 74 59 50

MARRIOTT INTERNATIONAL, INC. [NYSE: MAR] is a leading worldwide hospitality company with nearly 2,400 operating units in the United States and 63 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its ExecuStay by Marriott division; and operates conference centers. Other Marriott businesses include senior living communities and services, and wholesale food distribution. The company is headquartered in Washington, D.C., and has approximately 152,000 employees. In fiscal year 2000, Marriott International reported systemwide sales of $19.8 billion. For more information or reservations, please visit our web site at www.marriott.com.