First Quarter Adjustment

InterContinental Hotels Group PLC
11 July 2005



11 JULY 2005



                       INTERCONTINENTAL HOTELS GROUP PLC

                 ADJUSTMENT TO FIRST QUARTER IFRS ANNOUNCEMENT


International Financial Reporting Standards ("IFRS") require Earnings Per Share
("EPS") to be based on earnings for a period, after the deduction of any amount
attributable to minority shareholders. At Quarter One the IFRS EPS calculations
were presented based on earnings before any deduction for minority interests.
Recalculated EPS figures are shown below together with the figures originally
presented. There are no other changes to any numbers in the Quarter One
announcement.



                         Q1 2005                                                  Q1 2004

           Continuing                    Total                  Continuing                     Total
EPS (p)   Recalculated   As at     Recalculated       As at    Recalculated      As at    Recalculated     As at 
                         26/05/05                    26/05/05                  26/05/05                  26/05/05


Basic        3.4           4.1       8.2               8.9          6.5            6.8        8.6              8.9


Diluted      3.4           4.0       8.1               8.7          6.5            6.7        8.6              8.8


Adjusted     3.4           4.1       6.8               7.5          3.8            4.1        5.4              5.7




Note: Discontinued EPS is not impacted.



For further information, please contact:


Investor Relations (Gavin Flynn/Paul Edgecliffe-Johnson):               [phone]
                                                                        [phone]
Media Affairs (Leslie McGibbon):                                       [phone]
                                                                       [phone]





Note to Editors:



InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms.  InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
more than 3,500 hotels and 535,000 guest rooms in nearly 100 countries and
territories around the world. The Group owns a portfolio of well recognised and
respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne
Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn
Express(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, and
also manages the world's largest hotel loyalty programme, Priority Club(R)
Rewards, with over 24 million members worldwide. In addition to this,
InterContinental Hotels Group has a 47.5% interest in Britvic, one of the two
leading manufacturers of soft drinks, by value and volume, in Great Britain.



InterContinental Hotels Group offers information and online reservations for all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.



For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media.



Cautionary note regarding forward-looking statements

This announcement contains certain forward-looking statements as defined under
US law (Section 21E of the Securities Exchange Act of 1934). These
forward-looking statements can be identified by the fact that they do not relate
to historical or current facts. Forward-looking statements often use words such
as ' target', 'expect', 'intend', 'believe' or other words of similar meaning.
By their nature, forward-looking statements are inherently predictive,
speculative and involve risk and uncertainty. There are a number of factors that
could cause actual results and developments to differ materially from those
expressed in or implied by such forward-looking statements. Factors that could
affect the business and the financial results are described in "Risk Factors" in
the InterContinental Hotels Group PLC Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission.


                      This information is provided by RNS
            The company news service from the London Stock Exchange