Marriott International in Big Repurchase

13th May 2002

WASHINGTON, D.C. - May 10, 2002 - Marriott International, Inc. (NYSE: MAR) announced today that it repurchased for cash approximately $400 million aggregate principal amount at maturity of its Liquid Yield Option Notes due 2021 (Zero Coupon—Senior) (the “Notes”) that were validly tendered and not withdrawn as of the close of business on Wednesday, May 8, 2002, in accordance with the terms of the indenture governing the Notes. Each Note was purchased at its accreted value of $867.42 per $1,000 principal amount at maturity for an aggregate purchase price of approximately $347 million. Approximately $70 million aggregate principal amount at maturity of the Notes remain outstanding.



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