FOR IMMEDIATE RELEASE
Wyndham Worldwide Announces New $200 Million Share Repurchase Program
PARSIPPANY, N.J. (Aug 20, 2007) — Wyndham Worldwide (NYSE: WYN) today announced that its
Board of Directors has authorized a new stock repurchase program that enables the Company to
purchase up to $200 million of its common stock. The amount and timing of specific repurchases are
subject to market conditions, applicable legal requirements and other factors. Repurchases may be
conducted in the open market or in privately negotiated transactions.
“We strongly believe Wyndham Worldwide stock has been an attractive value since last August as
demonstrated through our purchase of approximately 25 million shares, valued at over $800 million,
since that time,” said Stephen P. Holmes, Wyndham Worldwide chairman and chief executive officer.
“We have a great deal of confidence in our business, and are committed to maintaining a prudent
capital structure and the flexibility to continue executing on our strategic objectives while
creating shareholder value.”
About Wyndham Worldwide
As one of the world’s largest hospitality companies, Wyndham Worldwide offers individual consumers
and business-to-business customers a broad suite of hospitality products and services across
various accommodation alternatives and price ranges through its premier portfolio of world-renowned
brands. Wyndham Hotel Group encompasses almost 6,500 franchised hotels and almost 542,000 hotel
rooms worldwide. RCI Global Vacation Network offers its more than 3.4 million members access to
over 60,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership
develops, markets and sells vacation ownership interests and provides consumer financing to owners
through its network of approximately 140 vacation ownership resorts serving over 800,000 owners
throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in
Parsippany, N.J., employs more than 30,000 employees globally.
For more information about Wyndham Worldwide, please visit the company’s web site at
www.wyndhamworldwide.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, conveying management’s expectations as to the future
based on plans, estimates and projections at the time the Company makes the statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking
statements.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only
as of the date of this press release. Factors that could cause actual results to differ materially
from those in the forward looking statements include general economic conditions, the economic
environment for the hospitality industry, the impact of war and terrorist activity, operating risks
associated with the hotel, vacation exchange and rentals and vacation ownership businesses, as well
as those in the Company’s Annual Report on Form 10-K, filed with the SEC on March 7, 2007. Except
for the Company’s ongoing