Holding(s) in Company

InterContinental Hotels Group PLC
23 April 2008



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:



InterContinental Hotels Group PLC



2. Reason for the notification (please state Yes/No):



An acquisition or disposal of voting rights: Yes



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: Yes



An event changing the breakdown of voting rights: (No)



Other (please specify): (No)



3. Full name of person(s) subject to the notification obligation:



Morgan Stanley (Institutional Securities Group and Global Wealth Management)



4. Full name of shareholder(s) (if different from 3.):



N/A



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):



18 April 2008



6. Date on which issuer notified:



23 April 2008



7. Threshold(s) that is/are crossed or reached:



to below 4%



8. Notified details:

A: Voting rights attached to shares


Class/type of shares                          Situation previous to the Triggering transaction


                                  Number of shares                   Number of voting Rights


ISIN: GB00B1WQCS47                3,871,945                          3,871,945



Ordinary Shares of 13 29/47 pence
each



Resulting situation after the triggering transaction


Class/type of shares         Number of shares         Number of voting rights           % of voting rights

                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect


ISIN: GB00B1WQCS47           1,954,373                1,954,373                         0.66%



Ordinary Shares of 13 29/47
pence each



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.

Physically      18.04.08                                       1,359,544                   0.46%
settled long
call option


Physically      16.05.08                                       6,356,400                   2.17%
settled long
call option



Total (A+B)
Number of voting rights       % of voting rights

9,670,317                     3.29%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Morgan Stanley Securities Limited                                     7,224,428                                   2.46%
Morgan Stanley & Co Incorporated                                            718                                   0.00%
Bank Morgan Stanley AG                                                   93,415                                   0.03%
Morgan Stanley & Co International Plc                                 2,351,756                                   0.80%



Proxy Voting:



10. Name of the proxy holder:



N/A



11. Number of voting rights proxy holder will cease to hold:



N/A



12. Date on which proxy holder will cease to hold voting rights:



N/A



13. Additional information:

Notification using the total voting rights figure of 293,137,694

14. Contact name:



Catherine Springett, Deputy Company Secretary, InterContinental Hotels Group PLC



15. Contact telephone number:



01753 410242




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