Tender Offer Result

InterContinental Hotels Group PLC
07 December 2004



InterContinental Hotels Group PLC
7 December 2004


                       InterContinental Hotels Group PLC
        ANNOUNCEMENT OF RESULT OF TENDER OFFER AND NOTEHOLDERS' MEETINGS

                   €600,000,000 4.75 per cent. Notes due 2010
                  (ISIN: XS0178293196; Common Code: 017829319)
                                 (the "Notes")


NOTICE IS HEREBY GIVEN that, further to the Notice of Terms of Tender Offer (the
"Tender Offer Notice") delivered by the Company through Euroclear Bank S.A./
N.V., as operator of the Euroclear System ("Euroclear") and Clearstream Banking,
societe anonyme ("Clearstream, Luxembourg") to the holders of the Notes (the "
Noteholders") on 11 November 2004, and the Announcement of Partial Result of
Tender Offer delivered as described above on 25 November 2004, the Tender Offer
expired at 5.00 p.m. (CET) (4.00 p.m. (GMT)) on 3 December 2004. As at the
expiry of the Tender Offer, the Company had received Acceptance Notices in
respect of €574,639,000 (95.77 per cent.) of the Notes outstanding.

Noteholders who lodged valid Acceptance Notices prior to the Early Tender
Deadline will receive the full tender price, with those responding thereafter
receiving a reduced tender price. The tender prices will be determined as
provided in the Tender Offer Notice at 11.00 a.m. (CET) (10.00 a.m. (GMT)) today
and a further notice with details of the tender prices will be published as soon
as practicable thereafter.

At the Meetings of the Noteholders convened by the Notice of Meetings delivered
through Euroclear and Clearstream, Luxembourg on 11 November 2004 and held at
9.00 a.m. and 9.15 a.m. (London time), respectively on 6 December 2004, the
Extraordinary Resolutions set out in such Notice were duly passed. Further to
the passing of the Extraordinary Resolutions, the Conditions of the Notes,
constituted by a trust deed dated 24 September 2003, between the Company, Six
Continents PLC and HSBC Trustee (C.I.) Limited (the "Trust Deed") were amended
by way of a supplemental trust deed dated 6 December 2004 entered into by the
parties to the Trust Deed.

The Issuing and Paying Agent with respect to the Notes and the Tender Agent with
respect to the Tender Offer are as follows:

                                  TENDER AGENT

                                 HSBC Bank plc
                                8 Canada Square
                                 London E14 5HQ


                            ISSUING AND PAYING AGENT

                                 HSBC Bank plc
                                8 Canada Square
                                 London E14 5HQ

The Lead Dealer Manager with respect to the Tender Offer is as follows:

                              LEAD DEALER MANAGER

                          J.P. Morgan Securities Ltd.
                                125 London Wall
                                London EC2Y 5AJ

                        Telephone: [phone]
                           Fax: [phone]
                       email: [e-mail]


For further information, please contact:

IHG Contacts

Investor Relations:                                    [phone]
Media relations:                                       [phone]






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