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Stockholders of Marriott Vacations Worldwide and ILG Approve Merger

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Marriott Vacations Worldwide Corporation (NYSE:VAC) and ILG, Inc.
(NASDAQ:ILG) today announced that at separate special stockholder
meetings the stockholders of both companies approved proposals relating
to Marriott Vacations Worldwide's acquisition of ILG. Holders of over 99
percent of Marriott Vacations Worldwide shares present and voting at the
meeting voted in favor of a proposal to issue shares of Marriott
Vacations Worldwide common stock in connection with the transaction, and
holders of over 99 percent of ILG shares present and voting at the
meeting voted in favor of a proposal to approve the transaction.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180828005829/en/

"We are very pleased to see the support from our shareholders today, as
they overwhelmingly approved our acquisition of ILG," said Stephen P.
Weisz, president and chief executive officer of Marriott Vacations
Worldwide. "We look forward to closing on the transaction at the end of
this week and creating tremendous value for our shareholders."

Craig M. Nash, ILG's chairman, president and chief executive officer,
said, "The strong endorsement of our stockholders reaffirms our belief
that this combination provides them with immediate and compelling cash
value and the opportunity to meaningfully participate in the long-term
growth potential of the combined company."

At closing, ILG stockholders will receive 0.165 shares of Marriott
Vacations Worldwide common stock plus $14.75 in cash for each share of
ILG common stock.

As previously announced, the parties have completed the pre-merger
antitrust review in the United States and Mexico. Completion of the
transaction is expected to occur at 12:02 a.m., ET, on September 1,
2018, pending the satisfaction of other customary closing conditions.

Advisors

Moelis and Goldman Sachs are serving as financial advisors to ILG and JP
Morgan is serving as financial advisor to Marriott Vacations Worldwide.
Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel
to ILG and Kirkland & Ellis LLP is serving as legal counsel to Marriott
Vacations Worldwide on the transaction.

About Marriott Vacations Worldwide Corporation

Marriott
Vacations Worldwide Corporation 
is a leading global pure-play
vacation ownership company, offering a diverse portfolio of quality
products, programs and management expertise with over 65 resorts. Its
brands include Marriott Vacation Club, The Ritz-Carlton Destination
Club and Grand Residences by Marriott. Since entering the industry in
1984 as part of Marriott International, Inc., the company earned its
position as a leader and innovator in vacation ownership products. The
company preserves high standards of excellence in serving its customers,
investors and associates while maintaining a long-term relationship
with Marriott International. For more information, please visit www.marriottvacationsworldwide.com.

About ILG

ILG is a leading provider of professionally delivered vacation
experiences and the exclusive global licensee for the Hyatt®, Sheraton®,
and Westin® brands in vacation ownership. The company offers its owners,
members, and guests access to an array of benefits and services, as well
as world-class destinations through its international portfolio of
resorts and clubs. ILG's operating businesses include Aqua-Aston
Hospitality, Hyatt Vacation Ownership, Interval International, Trading
Places International, Vacation Resorts International, VRI Europe, and
Vistana Signature Experiences. Through its subsidiaries, ILG
independently owns and manages the Hyatt Residence Club program and uses
the Hyatt Vacation Ownership name and other Hyatt marks under license
from affiliates of Hyatt Hotels Corporation. In addition, ILG's Vistana
Signature Experiences, Inc. is the exclusive provider of vacation
ownership for the Sheraton and Westin brands and uses related trademarks
under license from Starwood Hotels & Resorts Worldwide, LLC.
Headquartered in Miami, Florida, ILG has offices in 15 countries and
more than 10,000 associates. For more information, visit www.ilg.com.

Cautionary Statement Regarding Forward-Looking Statements

Information included or incorporated by reference in this communication,
and information which may be contained in other filings with the
Securities and Exchange Commission (the "SEC") and press releases or
other public statements, contains or may contain "forward-looking"
statements, as that term is defined in the Private Securities Litigation
Reform Act of 1995 or by the SEC in its rules, regulations and releases.
These forward-looking statements include, among other things, statements
of plans, objectives, expectations (financial or otherwise) or
intentions.

Forward-looking statements are any statements other than statements of
historical fact, including statements regarding Marriott Vacations
Worldwide and ILG's expectations, beliefs, hopes, intentions or
strategies regarding the future. Among other things, these
forward-looking statements may include statements regarding the proposed
combination of Marriott Vacations Worldwide and ILG; our beliefs
relating to value creation as a result of a potential combination of
Marriott Vacations Worldwide and ILG; the expected timetable for
completing the transactions; benefits and synergies of the transactions;
future opportunities for the combined company; and any other statements
regarding Marriott Vacations Worldwide's and ILG's future beliefs,
expectations, plans, intentions, financial condition or performance. In
some cases, forward-looking statements can be identified by the use of
words such as "may," "will," "expects," "should," "believes," "plans,"
"anticipates," "estimates," "predicts," "potential," "continue," or
other words of similar meaning.

Forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those discussed in,
or implied by, the forward-looking statements. Factors that might cause
such a difference include, but are not limited to, general economic
conditions, our financial and business prospects, our capital
requirements, our financing prospects, our relationships with associates
and labor unions, our ability to consummate potential acquisitions or
dispositions, our relationships with the holders of licensed marks, and
those additional factors disclosed as risks in other reports filed by us
with the SEC, including those described in Part I of the Marriott
Vacations Worldwide's most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K as well as in ILG's most
recently filed Annual Report on Form 10-K and subsequent reports
on Forms 10-Q and 8-K and in the joint proxy statement/prospectus
included in the registration statement on Form S-4 filed by Marriott
Vacations Worldwide with the SEC, and any amendments thereto.

Other risks and uncertainties include the timing and likelihood of
completion of the proposed transactions between Marriott Vacations
Worldwide and ILG; the possibility that the expected synergies and value
creation from the proposed transactions will not be realized or will not
be realized within the expected time period; the risk that the
businesses of Marriott Vacations Worldwide and ILG will not be
integrated successfully; the potential impact of disruption from the
proposed transactions making it more difficult to maintain business and
operational relationships; the risk that unexpected costs will be
incurred; the ability to retain key personnel; the availability of
financing; the possibility that the proposed transactions do not close;
as well as more specific risks and uncertainties. You should carefully
consider these and other relevant factors, including those risk factors
in this communication and other risks and uncertainties that affect the
businesses of Marriott Vacations Worldwide and ILG described in their
respective filings with the SEC, when reviewing any forward-looking
statement. These factors are noted for investors as permitted under the
Private Securities Litigation Reform Act of 1995. We caution readers
that any such statements are based on currently available operational,
financial and competitive information, and they should not place undue
reliance on these forward-looking statements, which reflect management's
opinion only as of the date on which they were made. Except as required
by law, we disclaim any obligation to review or update these
forward-looking statements to reflect events or circumstances as they
occur.

Important Information and Where to Find It

In connection with the proposed transaction, on July 19, 2018, Marriott
Vacations Worldwide filed with the SEC an amendment to the registration
statement on Form S-4 that included a joint proxy statement/prospectus
for the stockholders of Marriott Vacations Worldwide and ILG and was
filed with the SEC on June 6, 2018. The registration statement was
declared effective by the SEC on July 23, 2018. Marriott Vacations
Worldwide and ILG mailed the definitive joint proxy statement/prospectus
to their respective stockholders on or about July 25, 2018. On August
28, 2018, at their respective special meetings, Marriott Vacations
Worldwide's stockholders approved the issuance of Marriott Vacations
Worldwide common stock in connection with the transactions contemplated
by the Merger Agreement, and ILG stockholders approved the transactions
contemplated by the Merger Agreement. This communication is not intended
to be, and is not, a substitute for such filings or for any other
document that Marriott Vacations Worldwide or ILG may file with the SEC
in connection with the proposed transaction. SECURITY HOLDERS ARE URGED
TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE
REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY
STATEMENT/PROSPECTUS, CAREFULLY AND IN THEIR ENTIRETY, BECAUSE THEY
CONTAIN IMPORTANT INFORMATION. The registration statement, the joint
proxy statement/prospectus and other relevant materials and any other
documents filed or furnished by Marriott Vacations Worldwide or ILG with
the SEC may be obtained free of charge at the SEC's web site at www.sec.gov. In
addition, security holders can obtain free copies of the registration
statement and the joint proxy statement/prospectus from Marriott
Vacations Worldwide by going to its investor relations page on its
corporate web site at www.marriottvacationsworldwide.com
and from ILG by going to its investor relations page on its corporate
web site at www.ilg.com.

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