New Marketing Deal

2 December 2002 ONLINE TRAVEL CORPORATION PLC NEW MARKETING DEAL Online Travel Corporation plc, (`OTC') today announces a new marketing agreement with Worldspan Services Limited ('Worldspan') to promote OTC's new business travel management system, Envoy. As part of a three-year deal, Worldspan, one of the world's leading e-commerce travel suppliers, will help promote Envoy to selected customers and incentivise OTC to migrate new Envoy customers to Worldspan. Worldspan currently provides approximately 20,000 travel agencies and other users worldwide with travel data and booking capabilities. The news follows OTC's recent announcement of the launch of Envoy, an internet based business travel management system that enables large corporate groups or travel agencies to manage their business travel requirements. Commenting, Mark Jones, Managing Director of OTC, said: 'We are very pleased to announce the marketing agreement with Worldspan, which provides an active endorsement of Envoy. Real opportunities exist in the business travel market, following the corrections in the sector witnessed over the last two years. The launch of Envoy places OTC in a strong position to capitalize on our existing market penetration and with support from Worldspan we expect this breakthrough system to create new revenue opportunities for OTC through direct and third-party licensing agreements.' Worldspan has been granted warrants (the Warrants) to acquire 250,000 ordinary shares in OTC. The Warrants, exercisable at a price of 21.25p each, vest in three equal tranches, one third after one year, one third after two years and one third after three years. The Warrants have been issued as a result of Worldspan waiving certain rights in respect of Travelstore.com and to strengthen the ongoing strategic relationship between OTC and Worldspan. For further information, please contact: Online Travel Corporation plc - Mark Jones Tel: 020 8607 9281 CardewChancery - Richard Fallowfield Tel: 020 7930 0777 Notes for Editors OTC is a travel technology and distribution business, providing a comprehensive range of technological solutions, travel products and ancillary travel services to ISP's, Media and Affinity Groups and Corporate Organisations. It provides bespoke technology solutions linked to its wide product range to produce a one-stop travel service through the Internet, supported by telephone call centres for leisure and corporate clients to fulfil their travel needs. OTC provides a comprehensive range of travel products and ancillary travel services and is both a travel agent and tour operator. OTC strategy focuses on low-cost routes to market with lower customer acquisition costs compared to that of a mass-market consumer brand and is focused on selected business areas. OTC has launched over 100 travel sites in the last 18 months and via these partner sites has access to a potential customer base of over 16 million online users. OTC is quoted on the Alternative Investment Market of the London Stock Exchange. Additional information is available at www.onlinetravel.com Worldspan provides worldwide electronic distribution of travel information, Internet products and connectivity, and e-commerce capabilities for travel agencies, travel service providers, and corporations. The company's three lines of business are travel supplier services, e-commerce, and travel distribution for the worldwide travel industry. The Worldspan reservations system provides nearly 20,000 travel agencies and other users worldwide with travel data and booking capabilities for hundreds of the world's leading travel service suppliers. Worldspan is the market leader in e-commerce for the travel industry, processing more than 50 percent of all online travel agency bookings.
UK 100

Latest directors dealings