Marriott International Approves Ten Million Share Buyback Program

Marriott International, Inc. (MAR / NYSE) today announced that its board of directors has approved the purchase of an additional 10 million shares of the company`s common stock. The shares will be purchased from time to time in the open market.

The company said it has repurchased 5.6 million shares of its common stock to date in 1999, and now has authority to buy back an additional 10.6 million shares. Marriott International had approximately 246 million common shares outstanding as of September 10, 1999.