Reminder: New Global Usage and Member Benefits

In early December, you received a series of communications regarding enhancements to your Marriott Vacation Club, Asia-Pacific membership including the opportunity to activate your complimentary membership in the Marriott Vacation Club Destinations^™ Exchange Program.

We are happy to inform you that the usage rule changes and benefits associated with your new Member benefit level of %%=V(@BOBL)=%% are now in effect. These include:

• Simpler reservation windows
• Ability to cancel a reservation without losing your Club Points — in most cases they'll go into a Holding Account instead (terms and conditions apply)
• Ability to borrow Club Points up to 25 months in advance, without prepaying maintenance fees

Along with a new benefit level, you have also been assigned a unique Member number, which is %%APNumber%%.* You will no longer share a number with the Nominated Person on your account.

Revised Club Governing Documents and a summary of these changes can be found at www.vacationclubap.com.

With the activation of your Exchange Program membership, you will enjoy these great ancillary benefits**:

• Convenient access to more than 50 Marriott Vacation Club^® Resorts, including new properties in New York City; The Big Island of Hawaii^†; South Beach, Miami, Florida; and Washington, D.C.
• The ability to stay any number of nights at Marriott Vacation Club Resorts — weeklong stays are no longer required
  • Now enjoy those dream trips to numerous destinations — visit Marriott Vacation Club Resorts in California, Orlando, and New York City all in one holiday.
• Access to more hotels and resorts, including many that were formerly available as Club Connections locations, which will be available through the Explorer Collection^‡
• More than 500 cruise options from your favorite cruise lines
• More than 50 guided group tours, including Member-exclusive tours in Italy, Ireland and more

Please review your Detailed How to Use Guide, which we hope will be helpful in learning about the enhancements and benefits. Another resource that we hope you will find useful is our newly redesigned Member website, www.vacationclubap.com, which has been updated in a way that we believe presents information in a clearer and more user-friendly manner. Please note that you will no longer need to share a login with the Nominated Person on your account. To create your own account, click on the "Create New Account" link on the homepage and follow the steps.* If you own weeks with Marriott Vacation Club, you may access the Member website with your existing username and password.

Should you have any questions, as always, you can contact Member Services.

We are excited about these new holiday opportunities and enhancements to your membership and look forward to helping you create more memories that will last a lifetime.

Sincerely,

Bill Minnock
Managing Director, Asia Pacific

*Please note that while you may have been provided with your own Member number and access to www.vacationclubap.com, the Nominated Person that was appointed in the Membership Application remains the Nominated Person for all purposes of the Club Membership, including for those purposes as set out in the Fourth Amended & Restated Disclosure Document & Club Guidelines (as amended and restated from time to time).
**Usage options are based on availability. The Marriott Vacation Club Destinations Exchange Program is operated by Marriott Resorts, Travel Company, Inc. (the Exchange Company). The Exchange Company can modify the Exchange Program's usage options and terms of use in its sole discretion.
^†Marriott's Waikoloa Ocean Club is anticipated to become available through the Marriott Vacation Club Destinations^™ Exchange Program in the Spring of 2017. This affiliation and occupancy of Marriott's Waikoloa Ocean Club is subject to Marriott Vacation Club International closing on its purchase of the resort.
^‡Explorer Collection options are subject to change.