Media Statement

ITC Hotels ties up with RP Group Hotels & Resorts to manage 5 hotels in India and Dubai
New Delhi, September 16, 2013 ITC Hotels has tied up with RP Group Hotels & Resorts to manage 5 hotels in India and Dubai, under ITC Hotels 5-star WelcomHotel brand and the groups mid-market to upscale Fortune brand. Nestled in the secluded backwaters of the Arabian Sea near Thiruvananthapuram in Kerala is the five-star deluxe, WelcomHotel Raviz Resort & Ayurveda Centre Kollam, a perfect blend of modern architecture and traditional designs of a bygone era. Taking advantage of the scenic backwaters, the hotel boasts of 3 luxury houseboats and 93 exquisitely designed rooms and suites. Designed to reflect the architectural splendour of the mystical Malabar region, the WelcomHotel Raviz Resort & Ayurveda Centre Kadavu, a five star resort on the banks of the Chalayar river in Calicut, is set amidst a sprawling 10-acre coconut grove. It houses the famous Kadavu Ayurvedic Centre,which has been awarded the prestigious Green LeafAward, for 9 consecutive years. In addition to state-of-the-art technology and best in class services, these hotels showcase the rich and diverse culinary offerings from different regions within Kerala. Embodying the WelcomHotel brand promise of efficiency and warmth with facilities and services designed to cater to the needs of the business and leisure traveller, the WelcomHotel Raviz Kollam and the WelcomHotel Raviz Kadavuare committed to creating new benchmarks in hospitality. In addition, on the anvil is Fortune Raviz Calicut and two Fortune Raviz hotels in Dubai.Both Kerala and Dubai possessimmense tourism potential as significant inbound and outbound destinations, for the country. The tie-up has been firmed up through a Memorandum of Understanding between ITC Hotels and RP Groups Hotels & Resorts. While the two WelcomHotels are already under a management contract and will be flagged off immediately, the three Fortune hotels are a part of the signed MOU and will be launched subsequently.

As part of its expansion drive, ITC Hotels proposes to add several managed hotels to its brand portfolio. On the anvil are an ITC super-premium luxury hotel in Mahabalipuram, a WelcomHotel in Jodhpur, Patna and Chandigarh and more than 30 hotels under the Fortune brand.

Nakul Anand, Executive Director, ITC Ltd. And Ravi Pillai, Chairman & Managing Director, RP Group Hotels & Resorts at The Formal Signing Ceremony Between ITC Hotels & RP Group Hotels & Resorts.

About ITC Hotels: ITCs hotels business is inspired by its vision to promote Indias rich tourism heritage. One of Indias largest hotel chains, with a collection of more than 90 hotels in over 70 destinations, ITC's hotels have redefined the fine art of hospitality. ITC operates its hotels under four distinct brands; ITC Hotel at the Luxury end, WelcomHotel in the 5 star segment, Fortune in the mid-market to upscale segment and WelcomHeritage in the heritage leisure segment. An archetype of the culture and ethos of the region it is located in, ITCs luxury hotels offer unique indigenous experiences, internationally acclaimed cuisine and spas, with globally benchmarked standards in accommodation, environment and guest safety. Inspired by ITCs triple bottomline philosophy of creating economic, environmental and social capital, its hotels business has pioneered the concept of Responsible Luxury in the

global hospitality industry to deliver planet positive luxury experiences to guests -- an endeavour which is manifest in a LEED Platinum rating for all its luxury hotels making it the Greenest Luxury Hotel Chain in the World. About RP Group Hotels & Resorts: Owned by Middle East based businessman, Ravi Pillai, RP Group, is one of the largest Engineering, Procurement and Construction conglomerates, with presence in key markets in the Middle East, Australia and Africa. The group has identified Tourism as its second largest focus, simultaneously recognizing the hospitality industry as one of the fastest growing business segments in the modern world. The group extends quality travel services and owns hotels in India and UAE and is keen to extend its presence to other destinations, across the world. The group has introduced the unique features of the legendary Indian hospitality to the rest of the world and also promotes medical tourism in India in a big way with the hotels, hospitals and travel services coordinated to provide total health care packages.

For further information, please contact: Bindu Panicker General Manager Corporate Communications ITC Ltd. Hotels Division # 91 9910799922 / 91 124 4171016 Email : bindu.panicker@itchotels.in

***************************************************************************