First Shared Ownership Property of Aerated Concrete Industries is Scheduled for Completion in Fourth Quarter of 2008

Dubai, May 6, 2008 - RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of companies (NYSE: WYN), has announced its agreement to affiliate with Aerated Concrete Industries Co. (ACICO) to affiliate the company's newly proposed Nassima Tower, being constructed in the Trade Center district of Dubai.

The Kuwait-based construction pioneer over recent years has expanded its presence in the GCC. The Nassima Tower, as well as the affiliation with RCI, will be their entrance into the shared ownership industry.

The 50 story tower's central location on Shaikh Zayed Road, 5 minutes from the Dubai International Financial Centre, will appeal to both business and leisure travelers as an ideal property purchase with a variety of units ranging from one to three bedrooms. The property is also adjacent to Hotel JAL Tower Dubai, a 480-room 5 star hotel offering a variety of dining and leisure facilities which is due for completion by Q1 2009.

"ACICO will bring some extremely high quality products to this market and we are very proud to be affiliated with this group for their first foray into this exciting industry," commented Nick Turner, managing director Group RCI Middle East EC.  

Speaking on why ACICO decided to venture into shared ownership Nabil Al Khaled, Deputy General Manager for Business Development - ACICO stated: "Dubai is becoming unreachable for many; though people come here once and are amazed, but the ever increasing hotel rates are proving to be a deterrent for return visits. The shared ownership model allows for flexibility in accommodations and for visitors to enjoy this world-class city from one of the best locations year after year. We chose the RCI exchange program because it has the products and services that will help make our project a success," added Al Khaled.

The RCI exchange network is comprised of more than 4,000 affiliated resorts located around the world. Members purchasing units in the Nassima Tower will become subscribing members of RCI, a value added benefit for the owners, offering access to the available resorts in the network.

For additional information on the services offered to developers by Group RCI and how they can add potential value to leisure real estate projects, visit www.grouprci.com.

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About Group RCI
Group RCI, part of the Wyndham Worldwide family of companies, (NYSE: WYN) is the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 67,000 vacation properties in approximately 100 countries. The company is comprised of vacation exchange, including RCI®, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry CollectionÒ, the world's largest luxury exchange program; vacation rentals, including Endless Vacation RentalsSM , Landal Greenparks®, Novasol®, and more than 30 other vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and NorthCourse® Leisure Real Estate Solutions, an international leader in providing a full spectrum of advisory, research, and asset management services. Wyndham Worldwide Corporation is one of the world's largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit www.grouprci.com or the media center of www.wyndhamworldwide.com.

Media Contact - Middle East
Cassie Curtis
Marketing Services & Project Manager
Group RCI
+971 4 390 1660
Cassie.Curtis@rci.com

© Press Release 2008