BEVERLY HILLS, Calif. | Hilton Hotels Corporation (NYSE:HLT) said today that the company is currently engaged in discussions with U.K.-based Hilton Group PLC with respect to a potential acquisition of the latter company's lodging business. While discussions are ongoing, a definitive agreement has not been signed, and there can be no assurance that any transaction will result from such discussions.

Hilton Hotels Corporation does not intend to make any further announcements with respect to these discussions until either a definitive agreement is reached or such discussions terminate.

Statement from Hilton International:

The Board of Hilton Group plc has noted the speculation in this morning's press with regards to a possible sale of the Hilton International division. The Board confirms that it has received an indicative offer from Hilton Hotels Corporation, which it is currently evaluating. Discussions are ongoing and subject to the resolution of a number of issues. Consequently, there can be no certainty that a sale of Hilton International will take place. A further announcement will be made in due course.

For further information:

Alex Pagett
Group Corporate Affairs Director, Hilton Group plc
+44 (0) 20 7856 8109

Marc Grossman
310-205-4030
Hilton

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