Press Release

20 September 2004

SABRE TRAVEL NETWORK CHOOSES LOYALTYNET FOR LAUNCH OF UK LOYALTY PROGRAMME FOR CAR BOOKINGS

Sabre Travel Network has launched a loyalty programme for selected car group bookings. Sabre AutoRewards will enable Sabre Connected agencies in the UK to accumulate reward points when making car bookings through the global distribution system (GDS). The programme will apply to all car rental companies and for all rates of hire.

This is Sabre Travel Network's first UK loyalty programme. Hamish Broom, the company's director of airline, hotel and car distribution in Europe, the Middle East and Africa, said the initiative was designed to show travel agents how quick, easy and cost effective it is to book car hire in the GDS.

Europcar is Sabre Travel Network's launch partner for the programme and during September all car bookings made with Europcar will receive double AutoRewards points.

Paul Broughton, head of rental sales at Europcar UK, said: "We are delighted to be Sabre Travel Network's launch partner for this programme. Reward programmes such as these are an important part of business today, and I am confident that this one will be an outstanding success."

Travel agencies will be able to register with the programme online through Sabre Travel Network's Internet-based Agency e-Services customer support facility. Depending on the car group booked, agents will earn points that can be redeemed for John Lewis products.

A series of road shows with participating vendors will take place later in the year throughout the UK.

About Sabre Travel Network

Sabre Travel Network, a Sabre Holdings company, provides access to the world's leading global distribution system (GDS). The Sabre GDS is a ready-built efficient marketplace that connects suppliers, including hundreds of airlines and thousands of hotels, with more than 50,000 travel agency locations. Suppliers get access through one single connection; travel agents get real time access to thousands of travel products from multiple suppliers through one source integrated into their businesses; consumers get access to a global supermarket of the world's greatest travel possibilities.

Key brands of Sabre Travel Network include GetThere, the leading Web-based corporate travel reservation technology, and Jurni Network, the unique leisure travel agency consortium in the United States that enables members to sell more products from preferred travel suppliers using sophisticated market intelligence.

Sabre Holdings (NYSE: TSG) connects people with the world's greatest travel possibilities by retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com.

About Loyaltynet

Loyaltynet, a loyalty system specialist, was founded in 2004 to help companies achieve greater sales by incentivising their dealers, resellers and partners. The Loyaltynet system allows companies to run their own branded sales incentive schemes as an extension of their portal or web site. The system also blends e-learning into the incentive scheme based on its 'Learn to Earn' programme, which encourages key partners to learn more about the company's products and services, as well as helping improve sales and customer service effectiveness.

At the start of a project Loyaltynet works closely with clients to ensure that the loyalty programme is aligned to corporate goals. It then provides a full outsourcing programme including system configuration, hosting, administration and member support.