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Exciting Wyndham Announcement

We are reaching out to share some exciting news with you. As you may have seen, on Aug. 2, 2017, Wyndham Worldwide announced its intention to become two separate, publicly-traded companies. This is an important step in the evolution of our company and businesses. For your convenience, here is the press release issued by Wyndham Worldwide.

Our business has been strong as a single entity but we believe the post-separation companies will be better positioned to drive value for all of our key stakeholders, including all of our timeshare owners. As a result of the transaction, Wyndham Vacation Ownership will be the largest publicly traded timeshare business in the industry, and will be joined by RCI, the world's largest timeshare exchange company, and our North America vacation rental brands. We also announced that we will be exploring strategic alternatives for our European rental brands. Wyndham Hotel Group will be a new, publicly traded pure-play hotel company with more properties than any other global hotel company, anchored by a portfolio of renowned brands.

With this exciting change, Wyndham Vacation Ownership will be even more focused on providing you with the unbeatable vacation experiences you have come to expect from us.

All of our current owners will continue enjoying our properties without any interruption -- this announcement does not impact any current contracts and we do not anticipate any changes to our services. The separation also will not impact your ability to use our award-winning Wyndham Rewards program across all of our hotel, resort and timeshare offerings, just as you do today.

Our top priority is ensuring this transition is as smooth as possible for all of our stakeholders, including our valued owners. Should you have any questions, please do not hesitate to reach out to us.

We are excited about our future and we thank you for your continued loyalty and support.

Sincerely,

Michael Brown
Wyndham Vacation Ownership
President and CEO

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