Group RCI Puts Serbia on Exchange Affiliate List

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. December 01, 2008

DECEMBER 1, 2008. RCI, the world's largest timeshare exchange company and a part of Wyndham Worldwide (NYSE: WYN), has signed its first affiliation agreements in Serbia, adding two new resorts to its portfolio of over 4,000 affiliated resorts worldwide: Club Satelit and Kraljevi Konaci resort.

In welcoming the two new Serbian resorts to the RCI exchange network, Jonathan Back, managing director, Group RCI EMEAI, said: "We want our nearly four million members worldwide to have the opportunity to vacation in Serbia and are pleased to have two first-class resorts as our first affiliates in this fabulous new destination. The country is accessed by three international airports making it easily accessible for international tourists. This, together with its close proximity to many highly-promoted European holiday destinations, makes us confident Serbia is poised to see rapid growth in its inbound and outbound visitor levels making it a good place to be for timeshare."

The two resorts are both located in the Zlatibor mountain region in western Serbia, at the crossroads of Central Europe. Zlatibor is renowned for its clear mountain air, spas, excellent skiing, and a myriad of outdoor pursuits including trekking, cycling and fishing among lakes, rivers, lush pastures and pine forests. The region is said to have proven restorative qualities and has established itself as a popular health and wellbeing holiday destination. The country's rich historical, architectural and cultural heritage is also an irresistible tourist attraction, together with the city sights of Belgrade and Novi Sad.

RCI members can now choose from two attractive resorts in this diverse and vibrant country. Club Satelit offers the intimacy of a smaller development comprising 12 one-bedroom units and eight studio apartments, together with a restaurant, indoor pool and fitness centre. The apartments are light, airy and fitted with every home comfort which characterises timeshare accommodation. The names behind this resort are Canadian national, Gilles Durand, developer of RCI-affiliated Club Villas Jazmin in the Caribbean, and Srdan Vasic, who also owns Closer Marketing Club based in Belgrade. Vasic said: "Club Satelit has an air of exclusivity that's right for this area which attracts upscale visitors to its excellent ski slopes and spas. We plan to extend the property on neighbouring land and are considering a five-star offering."

On the central Zlatibor plateau in a lakeside location sits Kraljevi Konaci resort or 'the King's shelters' as the name translates. This property is designed to blend with the line of the surrounding pine forests and offers exceptionally spacious accommodation in the form of 110-square metre two-storey villas with garage and garden. This property was the vision of Ratko Jeremic, who travelled the world working on resort construction projects which inspired him to bring the best of all he'd seen back to his homeland in his own resort. This resort has been 17 years in building and the completed phase one comprises 107 villas and a restaurant. The second phase will add a hotel, more villas, a spa centre, and a 600-seat conference and commercial centre, all coming in at a total cost of approximately EUR50 million. Jeremic said: "We find high demand among Serbians and the British. Serbia's economy has now stabilised and is growing. We have been operating for several years without an exchange network but now affiliating to RCI is important for us to allow our prosperous Serbian owners the opportunity to start experiencing holidays in other countries. Timeshare is new to Serbia and it's very exciting to be able to introduce a new quality product to this market."