16 October 2008

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:

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):

14.10.08

6. Date on which issuer notified:

16.10.08

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

TO ABOVE 3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares
if possible using
 the ISIN CODE
Situation previous to the triggering transaction

Number of sharesNumber of voting Rights 
ISIN:
GB00B1WQCS47
BELOW 3%BELOW 3%

Class/type of shares
if possible using
 the ISIN CODE

Resulting situation after the triggering transaction

Number of sharesNumber of voting Rights Percentage of voting rights 
DirectIndirectDirectIndirect
ISIN:
GB00B1WQCS47
9,653,0579,653,057 3.38% 

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument Expiration DateExercise/ conversion period/date No. of voting rights that may be acquired (if the instrument exercised/converted)Percentage of voting rights
      
 

Total (A+B)

Number of voting rights Percentage of voting rights
9,653,057 3.38%


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

Morgan Stanley Securities Limited   9,571,686
 3.36%
Morgan Stanley & Co Incorporated
 6,823 0.00%
Bank MS AG (Zurich)
 14,000
 0.00%
Morgan Stanley Capital Services Inc. 13,100  0.00% 
MS Capital (Luxembourg) SA  47,448  0.02% 

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:

14. Contact name:

GROUP COMPANY SECRETARIAT

15. Contact telephone number:

01895 512000

Ends