02 September 2008

Notification of Major Interest 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:

An event changing the breakdown of voting rights:

Other (please specify):

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):

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

29.08.08

6. Date on which issuer notified:

02.09.08

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

TO ABOVE 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODESituation previous to the Triggering transaction 

Number of sharesNumber of voting Rights 
GB00B1WQCS47
13,868,57313,868,573


Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODENumber of shares Number of voting rights Percentage of voting rights


Direct Indirect DirectIndirect
GB00B1WQCS47
3,655,9033,655,903 N/A1.29% N/A


B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrumentExpiration Date Exercise/Conversion Period/ Date No. of voting rights that may be acquired if the instrument is exercised/ converted. Percentage of voting rights
PHYSICALLY SETTLED
CALL OPTIONS
19 December 2008 
12,250,000

4.28%

Total (A+B)
Number of voting rights Percentage of voting rights
15,905,903 5.57%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Morgan Stanley Securities Limited   12,579,699
 4.41%
Morgan Stanley & Co Incorporated
 10,378 0.00%
Morgan Stanley & Co International Plc
 3,250,000
 1.14%
MS Capital (Luxembourg) SA
 65,826
 0.02%
Bank MS AG
 14,000
 0.00%


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 285,552,193

14. Contact name:

Group Company Secretariat

15. Contact telephone number:

01895 512000

Ends