IPO of Britvic

InterContinental Hotels Group PLC
14 November 2005



14 November 2005



                         INTERCONTINENTAL HOTELS GROUP
 ANNOUNCES DISPOSAL OF UP TO 100% OF ITS INTEREST IN BRITVIC BY WAY OF INITIAL
                                PUBLIC OFFERING


InterContinental Hotels Group PLC ('IHG' or the 'Company') today announces that
it intends to dispose of part or all of its 47.5% interest in Britvic(1) 
('Britvic') by way of an initial public offering (the 'Disposal' or 'IPO') of 
the Britvic shares.


IHG has been pursuing a strategy of focusing on managing and franchising hotels.
In line with this strategy, in March 2004, IHG announced that it had reached an
agreement in principle with the other Britvic shareholders (Pernod Ricard (then
Allied Domecq), Whitbread and PepsiCo) to consider the disposal of their
respective interests in Britvic by way of an IPO at any point between January
2005 and December 2008.  IHG and the other Britvic shareholders have concluded
that it is now appropriate to proceed with the IPO.


Due to the size of the IPO relative to IHG, the Disposal is conditional, inter
alia, upon Shareholders' approval being obtained at an Extraordinary General
Meeting. A formal notice of the meeting and the resolution to be proposed will
be sent to shareholders shortly, together with a circular setting out further
details of the disposal of Britvic. A separate letter (the 'Shareholder
Letter'), expected to be posted on 25 November 2005, simultaneous with the
publication of the Britvic price range prospectus, will detail the IPO price
range and the number of Britvic shares to be sold by Britvic shareholders in the
IPO, together with certain additional information.  The Shareholder Letter, for
regulatory reasons, will not be sent into the United States.


The Extraordinary General Meeting will be held at Lawrence Hall, The Royal
Horticultural Society Halls, Greycoat Street, London SW1P 2QD at 10.30 am on 7
December 2005.


For further information, please contact:


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


These materials are not an offer for sale of securities.  The securities
referred to herein will not be or have not been registered under the US
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements of such Act.


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 over 537,000 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 26 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.


--------------------------


(1) The current holding company of the Britvic Soft Drinks group is Britannia
Soft Drinks Limited. Britannia SD Holdings Limited (to be renamed Britvic plc)
will become the holding company of Britannia Soft Drinks Limited prior to the
IPO. It will be the shares of Britvic plc that will be offered in the IPO.


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