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Travelport plans Orbitz IPO

Orbitz Worldwide has filed a registration statement with
the Securities and Exchange Commission for the sale by Travelport of a
portion of its ownership interest in Orbitz Worldwide in a planned initial
public offering. Orbitz Worldwide will not receive any proceeds from the
offering. Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., Lehman
Brothers Inc. and J. P. Morgan Securities Inc. are serving as joint
book-running managers of the offering. The initial public offering is
expected to take place in the third quarter of 2007.
 

  A registration statement relating to the shares of Orbitz Worldwide
common stock has been filed with the Securities and Exchange Commission but
has not yet become effective. The shares of Orbitz Worldwide common stock
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the shares of Orbitz Worldwide common stock in
any state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
state.
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