Cendant´s Trust International Announces Contract Renewal With Asian Luxury Hotel Group Mandarin Oriental

PARSIPPANY, NJ | Cendant´s TRUST International, a division of Cendant Corporation (NYSE:CD) and a global provider of technology reservations solutions for the hospitality and leisure industry, today announced that Mandarin Oriental, one of the world’s leading luxury hotel groups, has renewed their service contract for worldwide Central Reservations Systems (CRS) and call center services.

“Mandarin Oriental has enjoyed a successful relationship with Cendant´s TRUST International since 1999. TRUST's superior technology and services have helped to significantly improve our global distribution performance and satisfy our reservations needs, cost effectively," said Mr. Michael Hobson, senior vice president, sales and marketing for Mandarin Oriental Hotel Group. “We highly value the quality of services provided by TRUST and the opportunity to influence the development of new products and services through the TRUST Customer Advisory Board.”

“We look forward to building on our successful track record with the Mandarin Oriental Hotel Group. The prestigious hotel chain’s continued utilization of our Voyager CRS and worldwide call centers is a significant endorsement of the value our services can provide hotel clients throughout the world. We’re pleased that Mandarin Oriental recognizes the opportunities in continuing its relationship with TRUST International as we intend to exceed their expectations to deliver greater value and service through our affiliated businesses over the long term,” said Richard Wiegmann, vice president, hospitality and leisure, EMEA and Asia Pacific regions for Cendant Travel Distribution Services.

About Cendant Travel Distribution Services Division - Cendant Corporation’s (NYSE: CD) Travel Distribution Services Division, is one of the world’s largest and most geographically diverse collections of travel brands and distribution businesses. The division, employing nearly 5,000 people in more than 116 countries, includes: Galileo, a leading global distribution system (GDS), serving more than 43,000 travel agencies and over 60,000 hotels; hotel distribution and services businesses (TRUST, THOR, WizCom and Neat Group); leading online travel agencies (CheapTickets.com, Lodging.com, HotelClub.com and RatesToGo.com); Shepherd Systems, an airline market intelligence company; Travelwire, an international travel technology and software company; Travel 2/Travel 4, a leading international provider of long-haul air travel and travel product consolidator; and Travelport, a provider of online global corporate travel management solutions.

About TRUST International - TRUST International (www.trustinternational.com) is a subsidiary of Cendant Corporation (NYSE: CD) and part of Cendant’s Travel Distribution Services Division. It develops and implements state-of-the-art central reservation systems (CRS), providing tailor-made, real-time reservations and global distribution solutions for the hospitality industry. TRUST services include private label telephone lines, connectivity to all Global Distribution Systems (GDSs) and various Web sites and Internet platforms. The company operates Global Call Centers in Orlando, Singapore and Frankfurt, Germany serving 36 countries in 16 languages.

About Mandarin Oriental Hotel Group - Mandarin Oriental is the award-winning owner and operator of some of the world’s most prestigious hotels and resorts. The Group operates 19 luxury hotels in key business and leisure destinations, with a further five hotels under development in Chiang Mai, Thailand (opening late 2004); Hong Kong and Riviera Maya, Mexico (opening 2005); Tokyo and Boston (opening 2006). In total, Mandarin Oriental now operates, or has under development, 7,500 rooms in twelve countries with twelve hotels in Asia, nine in The Americas and three in Europe. Mandarin Oriental is a member of the Jardine Matheson Group.