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T hey say time flies when you’re having

fun. And wow, has it been fun. Thanks

for a great first decade from all of us at

Exclusive Resorts. You and all of our members

are what make the Club the amazing community

it is today.

To kick off the next 10 years, we’re rolling

out 10 great enhancements designed to make

membership more valuable and flexible for you.

New residences, new membership options, new

opportunities—all to complement the trips and

traditions you’ve come to love over the years.

Where did we get these great ideas? From you.

Keep them coming!

Explore, and enjoy!

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We’re excited to unveil our newest Club destinations, and

announce our commitment to evolving our portfolio. Our

new destinations in 2014 are:

Newport Beach, ca

rome, Italy

mIamI, FlorIda

We also have several destinations where we are adding availability and flexibility:

SuN Valley, Id

New york, Ny

carNegIe aBBey cluB IN Newport, rI

VaIl, co

our europeaN VIllaS collectIoN

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Rome, Italy

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newport beach, ca

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ThE homEs: Five spacious, three-bedroom, ocean view villas.

ThE LocaTion: The Resort at Pelican Hill, offering access to a luxurious spa, championship golf, a special clubhouse reserved for villa residents and guests—including Club members—and more.

RELEasE DETaiLs: Release scheduled for January 22, 2014, for travel beginning February 1, 2014.

REsiDEncEs

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rome, italy

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ThE homE: A sophisticated and stylish three-bedroom apartment.

ThE LocaTion: The elegant Parioli neighborhood, close to the beautiful Villa Borghese gardens as well as some of the finest restaurants and clubs in the city.

RELEasE DETaiLs: Release of travel from May to October 2014 scheduled for February 5, 2014. We’re wrapping up the details on an extended lease for this apartment now, and we plan to make it available for travel during summer 2015 as well—watch for an update in the coming weeks!

REsiDEncEs

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and coming soon,miami, fl!

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We are actively engaged in negotiations to secure new residences at a gorgeous beach location in the Miami area. We can’t wait to share the details, which we will do as soon as possible.

REsiDEncEs

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sun valley, id12 10 for 10

We’re opening a spectacular new five-bedroom, 7,900-square-foot, estate-style residence featuring distinctive Cape Cod design, inviting indoor and outdoor gathering areas, and views of Bald Mountain and the Big Wood River. Ten minutes by car from the slopes and nestled alongside Sawtooth National Forest, this is the ultimate high country retreat.

We will release our new Sun Valley residence for reservations on February 5, 2014, for travel from January 2014 through October 2015.

REsiDEncEs

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new york, ny

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Back by popular demand— we’re extending the leases on four residences at the Trump International Hotel & Tower, New York for five more years. Watch for details coming soon!

REsiDEncEs

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carnegie abbey club, newport, ri

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We recently re-opened two Club residences at Carnegie Abbey Club for additional travel from May through October this year, extending the season of travel originally available in 2014.

REsiDEncEs

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We recently added a gorgeous new four-bedroom, ski-in/ski-out home—Residence #284 at The Arrabelle at Vail Square. Available for booking today!

REsiDEncEs

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more european villas

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You love our European Villas Collection, and so do we. We plan to make the collection a Club tradition, bringing it back in 2015 and for many years to come. What’s more, we’ll be expanding the collection starting in 2015, so you’ll have even more choices abroad.

REsiDEncEs

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An Inspirato Signature Residence • Punta Cana, Dominican Republic

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EXPANDED TRAVEL OPPORTUNITIESThe combination of Portico and Inspirato does more than create a new club. It expands the travel opportunities for Exclusive Resorts members, offering you more than 500 additional vacation options in over 100 destinations through Inspirato. How does it work for Exclusive Resorts members? Here’s the deal:

• Inspirato is waiving the initiation fee (a $17,500 value) for Exclusive Resorts members who choose to become Inspirato Core members.

• Exclusive Resorts members who are also members of Inspirato can apply Exclusive Resorts Plan Days toward travel to any of Inspirato’s Signature Residences, just as they once did with Portico—at a dollar-for-dollar rate, with no limits.

Interested in understanding how Inspirato could complement your Exclusive Resorts membership? Contact your Exclusive Ambassador or Josh Martinez, your membership specialist regarding membership in Inspirato, at jmartinez@exclusiveresorts.com to learn more.

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A NEW NEW YEAR’S TRADITIONYou’re invited to the party of the year—every year. Help us ring in 2015 with our first-ever New Year’s Eve Celebration. We’ve had so much fun in the first 10 years that we want to celebrate every coming New Year with our members from now on. We’ll have more details on this year’s party coming soon (including location—think major U.S. city). In the meantime, we can tell you that it promises to be an incredible gathering, and we look forward to hosting our members and their friends and family.

Real del Mar, Mexico

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TURBOCHARGE YOUR MEMBERSHIPNeed a membership boost? Introducing two new ways to upgrade and get more out of Exclusive Resorts.

30-PLus mEmbERshiP

We’re excited to launch the perfect balance of days and membership enhancements in a tidy package. When you upgrade to our new 30-Plus Membership, you get:

• 30 Plan Days

• Four Advanced Reservations

• A 90-day Space Available booking window

• Peak Priority Holiday Reservation access

• Our AnyShare option, which allows you to share any amount of Plan Days with friends and family of your choice each year

fivE-yEaR mEmbERshiP uPgRaDE oPTion

Thinking about an upgrade? For a limited time, you can now add 10 Plan Days and an additional Advanced Reservation to your existing membership for five years, for $22,500 plus Annual Dues. It’s a great opportunity to maximize vacation time with your growing kids or friends and family for a few years, without making a full upgrade commitment.

To learn more, contact your Exclusive Ambassador or email us at upgrade@exclusiveresorts.com.

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USE YOUR MEMBERSHIP DEPOSIT AS CURRENCYYou’ve always wanted to upgrade. But making an additional payment is not a workable option. So you stay put.

It’s a common story. But there’s another possible ending. You can use a portion of your refundable Membership Deposit to upgrade your membership or purchase expanded sharing privileges.

For details on how to upgrade your specific membership using your deposit, talk to your Exclusive Ambassador or email us at upgrade@exclusiveresorts.com.

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GIVE THE GIFT OF EXCLUSIVE RESORTS…WITHOUT PAYING A FEEStarting in 2014, we’re expanding our “Gifted Weeks” policy, letting you share at least a portion of your Plan Days each year with anybody you please at no additional cost. Now all members can gift at least seven Plan Days per year. Here’s how it works:

• 10- to 45-day active membership Plans can gift up to seven Plan Days

• 50-day active membership Plans can gift up to 14 Plan Days

• 60-day active membership Plans can gift up to 21 Plan Days

To find out how to gift days to your family and friends so they can enjoy their own Exclusive Resorts vacations, talk to your Exclusive Ambassador.

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Lake Tahoe, CA

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TRANSFER A PORTION OF YOUR MEMBERSHIPHave a large membership that’s going partially unused? Want to downsize? Now you can split and transfer a portion of your membership to someone else.

As part of a 2014 pilot plan, if you have a membership with 30 Plan Days or more, you can transfer a portion of your membership, extracting some of the cash value of your deposit today while continuing to travel with the Club.

If you’re interested, contact your Exclusive Ambassador for more details on how this could work for you.

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INVESTING IN A STRONGER CLUB COMMUNITYOur members are what make the Club strong. You have passion and great ideas, and we want to hear what you have to say. An active two-way dialogue and improved personal contact is the best way for all of us to grow the Club together.

Your Exclusive Ambassador will always be your valuable go-to resource and a great sounding board, but in addition, we now have a Member Relations Advocate dedicated to ensuring that you have a greater voice than ever in shaping the future of the Club. Cindy Terowsky, who has been a leader in Member Services for 10 years, is excited to serve as your Member Relations Advocate and is already looking for ways to improve member communications at the Club, such as:

• New and improved communication tools and environments that encourage dialogue between members and the Club, such as mobile applications and social networks

• Tools that foster stronger engagement among members, letting you get to know each other and share your Club experiences with your fellow members

• A variety of other new ways to improve the overall member experience

Stay tuned for more details about Cindy’s plans and priorities in the role of the Member Relations Advocate.

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Tuscany, Italy

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NEW HOLIDAY RELEASE PROCESSWhen we release reservations for the weeks of Christmas 2015 and New Year’s 2015/2016, we’re going to try something a little different—we are piloting a two-part release process in 2014.

sTEP 1: The first half of the Club’s residences in each location will be available through a Reservation Allocation System (RAS) release on ER Compass® from January 29 – February 4, 2014.

sTEP 2: After the Reservation Allocation System release is complete, we will open the second half of the residences for reservations on ER Compass on a “first-come, first-served” basis at 11:00 a.m. ET on Wednesday, February 12.

If you have Peak Priority Holiday Reservation Access, watch for additional details coming soon.

If you want to add Peak Priority Holiday Reservation Access to your membership, please contact your Exclusive Ambassador or email upgrade@exclusiveresorts.com.

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YOUR 10TH ANNIVERSARYWe’re excited about our 10th anniversary. We’re excited about yours, too. When you reach your 10-year milestone with Exclusive Resorts, we will commemorate the date with a special gift just for you. You’ll also get your choice of bonus Plan Days for the year, or another access-related enhancement—something really special, that changes a little every year.

(Was 2013 your 10th anniversary too? your gift is on its way! and your Exclusive ambassador will contact you to share more information about your choice between bonus Plan Days and a club access-related surprise!)

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STAY TUNEDEXCLUSIVE RESORTS | 10 for 10

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We’re just getting started. There’s more to come as we find more ways to enhance membership. Keep a lookout for more destinations, new Exclusive Journeys, and maybe room for your dogs to come along. Stay tuned.

For more details about any of these 10 for 10 enhancements, contact your Exclusive Ambassador or refer to the list of most-anticipated member questions available on ER Compass.

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for more information on any of our 10 for 10 enhancements and announcements, contact your Exclusive ambassador.

Information current as of 01.15.2014. Club policies and membership enhancements subject to additional terms and conditions. Membership is subject to terms and conditions of Club Membership Agreement. Different terms and conditions apply to different Membership Plans. Reservations for specific days, destinations and events subject to availability. Current Club destinations, residences, Exclusive Journey expe-riences, European Villas, Exclusive Events, Exclusive Alliances, certain services, amenities, priority holiday access, and other member benefits may require additional fees, may have limited availability, are subject to change, and are subject to additional terms and conditions. Club policies, destinations, residences, Exclusive Journeys experiences, European Villas, Exclusive Alliances, Exclusive Events and Exclusive Privileges subject to change and/or cancellation. See www.exclusiveresorts.com for more information. Exclusive Resorts and the Exclusive Resorts flower logo are registered trademarks of Exclusive Resorts, LLC. ©2014, Exclusive Resorts, LLC. All rights reserved.