Hilton Grand Vacations Announces Stock Repurchase Program

Grand Vacations Inc.
(NYSE: HGV) announces today its board of
directors approved a share repurchase program authorizing the company to
purchase up to $200 million of its issued and outstanding common stock.

Given the positive trajectory of our business and flexibility provided
by our new credit facility, we’re pleased to add share repurchases to
our capital allocation priorities,” says Mark Wang, president and CEO,
Hilton Grand Vacations. “While investing in the growth of our business
remains our top priority, we believe we also have the capacity to return
capital to our shareholders and still maintain a strong balance sheet.”

The timing and amounts of any repurchases under the program will depend
on certain factors, including, but not limited to, market conditions and
prices; available funds; and alternative uses of capital. The stock
repurchase program may be carried out through open-market purchases,
block trades or other transactions. HGV expects to fund the repurchase
program through a combination of cash on hand, operating cash flow,
receivables funding and bank facilities.

Forward-Looking Statements

The statements in this press release that are not historical facts may
be forward-looking statements. These forward-looking statements involve
substantial risks and uncertainties that could cause the outcome to be
materially different. Words such as “may,” “will,” “seeks,”
“anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,”
“would,” or similar expressions indicate a forward-looking statement,
however, not all forward-looking statements include these identifying
words. Actual results may differ materially from those contemplated by
such forward-looking statements, including those set forth in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of HGV’s most recent
Annual Report on Form 10-K and HGV’s 2018 Quarterly Reports on Form
10-Q, as such information may be updated from time to time in subsequent
reports. Further, forward-looking statements speak only as of the date
they are made, and HGV undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future operating
results over time, except as required by law.

About Hilton Grand Vacations, Inc.

Hilton Grand Vacations Inc. (NYSE: HGV) is recognized as a leading
global timeshare company. With headquarters in Orlando, Florida, Hilton
Grand Vacations develops, markets and operates a system of brand-name,
high-quality vacation ownership resorts in select vacation destinations.
The Company also manages and operates two innovative club membership
programs: Hilton Grand Vacations Club® and The Hilton Club®, providing
exclusive exchange, leisure travel and reservation services for more
than 300,000 club members. For more information, visit http://www.hgv.com
and www.hiltongrandvacations.com.