Hilton rebrands Maldives resort

Hilton has announced that its award winning resort, Hilton Maldives Resort and Spa, will be
re-branded as a Conrad, the group’s luxury hotel brand. The resort will be renamed
the Conrad Maldives Rangali Island, effective December 2007.

Koos Klein, President of Hilton Hotels - Middle East and Asia Pacific, commented,
“This decision reaffirms the premium positioning of the Hilton Maldives Resort and
Spa, which has been internationally renowned for its combination of innovative world
firsts such as Ithaa, its underwater restaurant, and the resort’s consistently high
luxury standards.”

Following re-branding, the Conrad Maldives Rangali Island will offer an increased
range of amenities, while still providing the outstanding service for which it is
recognised. There will be no disruption to guests during the re-branding process.

Richard Blamey, Senior Vice President - Conrad Hotels Brand Management, commented,
“Conrad’s brand promise, ‘the luxury of being yourself’, celebrates the
individuality of its guests and the exclusive experience provided by each of our
hotels. With its investment throughout time in luxury-oriented services and product,
the Hilton Maldives Resort and Spa is an ideal match and will be an outstanding
addition to the growing Conrad portfolio. We look forward to building on the
exceptional success of this world-class resort.”

The announcement follows the recent signing of an agreement to introduce a luxury
Conrad Resort and Spa in Koh Samui, Thailand, in 2009, and complements the Conrad
Bali Resort and Spa in Indonesia.