Report & Accounts

5 March 2003

                         Online Travel Corporation plc                         

Online Travel Corporation plc ('OTC' or the 'Company') announces that its
Report and Accounts for the year ended 31st October 2002, which include a
notice convening the annual general meeting of the Company ('AGM') for 26th
March 2003, (the '2002 R&A') have been posted to shareholders.

Copies of the 2002 R&A will be available to the public, free of charge, from
the Company's registered office, 12 Great James Street London WC1N 3DR, for a
period of one month from todays date.

OTC also announces that Mr Nicholas Bullman, a non-executive director of the
Company, has decided not to seek re-election to the OTC board at AGM and,
accordingly, will cease to be a director of OTC with effect from the date of
the AGM.

Mr Tomasso Zanzotto, Non-executive Chairman, said:

'The OTC board would like to thank Nick for his contribution to the development
of the group over the past 3 years.

Following the AGM, the OTC board will contain two independent non-executive
directors and it is our intention to appoint a further independent
non-executive director in due course.'

For further information, please contact:

Online Travel Corporation plc:                                              
                                                                            
Mark Jones                                    Tel: [phone]            
                                                                            
CardewChancery:                                                             
                                                                            
Richard Fallowfield / Jeanette Hamster        Tel: [phone]