Debut Eurobond - Replace

InterContinental Hotels Group PLC
07 October 2003

7 October 2003

The following replaces the DEBUT EUROBOND TRANSACTION announcement released
today at 15.25 under RNS number 6279Q.  The final maturity date in connection
with the offering of €600 million of Euro denominated bonds is 20 October 2010
(not 10 October 2010 as previously announced today).

All other details remain unchanged, and the full amended text appears below.


    INTERCONTINENTAL HOTELS GROUP PLC PRICES ITS DEBUT EUROBOND TRANSACTION

InterContinental Hotels Group PLC ("IHG") announces today that it has
successfully launched and priced an offering of €600 million of Euro denominated
bonds (the "Bonds"). The Bonds, which will have a final maturity date of 20
October 2010, will carry a coupon of 4.75% payable annually. The proceeds will
be used to refinance existing bank debt.

Richard Solomons, finance director, said: "We are pleased with the price
achieved for our debut eurobond transaction, which clearly demonstrates investor
confidence in the strength of our strategy, our business model and our portfolio
of market leading brands."


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For further information, please contact:


Dee Cayhill, Corporate Affairs                              020 7409 8101
Kathryn Holland, Corporate Affairs                          020 7355 6516
Jo Guano, Investor Relations                                020 7409 8134


Note to Editors

InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)), owns, manages, leases or franchises, through various subsidiaries, more
than 3,300 hotels and 515,000 guest rooms in nearly 100 countries and
territories around the world (www.ichotelsgroup.com). The Group owns a portfolio
of well recognised and respected hotel brands including InterContinental Hotels
& Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn, Express by Holiday Inn
and Staybridge Suites, and also has a controlling interest in Britvic, the
second largest soft drinks manufacturer in the UK.

InterContinental Hotels Group offers information and reservations capability on
the Internet - www.intercontinental.com for InterContinental Hotels & Resorts,
www.crowneplaza.com for Crowne Plaza Hotels & Resorts, www.holiday-inn.com for
Holiday Inn hotels, www.hiexpress.com for Express by Holiday Inn hotels,
www.staybridge.com for Staybridge Suites by Holiday Inn hotels and, for the
Group's rewards programme, www.priorityclub.com

For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.pressoffice.ihgplc.com.




                      This information is provided by RNS
            The company news service from the London Stock Exchange