Hilton Schedules Stockholders Meeting to Vote on Proposed Merger

. October 14, 2008

BEVERLY HILLS, CA, August 7, 2008. Hilton Hotels Corporation (NYSE:HLT) today announced that a special meeting of stockholders has been set for Tuesday, September 18, 2007, at 9:00 a.m. local time. The special meeting will be held at the Beverly Hilton, 9876 Wilshire Boulevard, Beverly Hills, California 90210.

At the special meeting, Hilton's stockholders will vote upon a proposal to adopt the previously announced merger agreement that provides for the acquisition of Hilton by BH Hotels LLC, an entity controlled by investment funds affiliated with The Blackstone Group L.P. The completion of the merger is subject to certain conditions, including the receipt of required regulatory approvals and the approval of Hilton's stockholders. Hilton's stockholders of record as of the record date of August 6, 2007 are entitled to vote on the proposed acquisition at the special meeting.

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