Hilton Grand Vacations Announces 7M Share Secondary Offering By Apollo Affiliates; Plans $40M Share Repurchase

Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or the "Company") today announced a proposed secondary public offering of 7,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"). The underwriters will have a 30-day option to purchase up to an additional 1,050,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

In addition, HGV has authorized the concurrent purchase from the underwriters of up to $40 million of shares of common stock as part of the public offering (the "Share Repurchase") subject to the completion of the offering. The Share Repurchase is made pursuant to the Company's existing repurchase plans. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.

Wells Fargo Securities, LLC is acting as lead book-running manager for the proposed offering.