Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or the "Company") today announced a proposed secondary public offering (the "offering") of 5,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"). The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering.

In addition, HGV has authorized the concurrent purchase from the underwriters of up to 750,000 shares of common stock as part of the offering so long as the total amount of shares HGV purchases from the underwriters does not exceed $40 million (the "Share Repurchase"), subject to the completion of the offering. The Share Repurchase will be made pursuant to the Company's existing repurchase plan. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.

The underwriters will offer the shares, other than shares subject to the Share Repurchase, from time to time for sale in one or more negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

Wells Fargo Securities is acting as lead book-running manager for the offering.