Global Vice President,� e Registry Collection Program

Dear Member,

Welcome to 2013. I hope you had a wonderful holiday and were able to connect with your family and friends – if not in person, at least through a phone chat or spending extra time rereading family letters. I also hope you came out of that hectic season with a renewed commitment and a New Year’s resolution to stay connected with those you cherish most. � at’s exactly what happened in my house.

Like many of you, my wife and I have teenage kids who (can I say this?) exhaust us. We love them dearly but we looked at each other and realized we hadn’t been away together without them for quite a while. We talked with a few of our friends who were “in the same boat” and all came to the same conclusion: we needed a hassle-free cruise without the kids. � is was going to be a true adult friends’ trip. We agreed on a couple of dates and chose one of our friends—a member of � e Registry Collection program—to call our Reservation Consultant. We’re now booked for a voyage in May. Done! I’ll post a picture in a future newsletter.

Now it’s your turn. Don’t let any more time pass before you act on your pledge to take your true love someplace new or get together with your group of best friends. Our luxury cruise program is an amazing option. So is going to a new destination during o� -season. In the past few months I visited our resorts in Bali, Indonesia, Zimbali, South Africa, Vermont

and Cancun—each in the o� -season—and I can honestly say they all had so much to o� er, including no crowds.

For your trip, maybe the best reason to go is simply to be together rather than having to be at the hottest vacation spot in at the busiest time of the year. Be honest: you just had a hectic holiday season. Wouldn’t it be nice to enjoy a stress-free trip, just going somewhere to

relax and reconnect?

I bet everyone looks to you to suggest and book cool places to visit; after all you are the “Expert Avid Traveler” given your membership in � e Registry Collection program. You don’t need to shoulder that entire burden, however. Our Reservation Consultants are expert stress-relievers. Together we’ll make sure you can ful� ll at least this one New Year’s resolution.

� e kids will be all right. Send a postcard from wherever you end up—we’d love to hear from you!

Manager’s Message

The Registry Insider

Manager’s message

Destination Properties Spotlight

Tips From a reservation consultant

Collection Partner

Updates

member Testimonial

Sample Availabilty

Q&A

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First Quarter 2013

TABLE of CONTENTS

Gregg Anderson with � e Registry Collection team members from North America, Latin America and Europe visiting Clay Brook at Sugarbush, in Warren, Vermont. � e group was hosted by Win Smith, Sugarbush Owner and President (third from right), Dawn Lamonia, Owner Services Manager (far left) and Art Klugo, VP Real Estate Development (far right).

Tips from a Reservation ConsultantMany members are asking to exchange for hotels within � e Registry Collection. We do our best to negotiate deals with prominent hotel companies to provide our members with options in destinations that might not otherwise be available but we may not hit them all. So, to provide other options we’ve worked with our Collection Partners to negotiate the best rates available on the open market.

Members can check out what’s available by accessing www.theregistrycollection.com and clicking on Program Overview, then Member Bene� ts. Click the tab “Collection Partners” to view all Partners. Among them you will � nd “Fairmont Hotels and Resorts” as well as “� e Wyndham Grand Collection.” Clicking on either of these will show you the Corporate Codes to use for their respective � e Registry Collection discounts, as well as contact information to obtain your discount and available locations.

Happy vacationing! - Charlene D.

Destination Properties Spotlight Karma Kandara-Bali, IndonesiaThis award-winning luxury resort, set on a spectacular cli� top, rede� nes the concept of luxury. Boutique resort Karma Kandara boasts breathtaking Indian Ocean views and luxurious villas connected by tranquil meandering paths, bougainvillea gracing brightly painted doorways, as well as small ponds and bridges.

Each Bali beach villa residence comprises of 1- or 2-bedroom villas accommodating 2 to 4 guests, respectively. Each villa provides the perfect place to relax, having an in� nity pool and garden courtyard complete with timber deck. Inside, each bedroom has its own en-suite bathroom, while the living room opens onto a fully equipped kitchen, lounge and dining areas and there is free WiFi in all villas. Given the spacious accommodation, comfort and amenities, this resort is ideal for families and friends travelling together.

Beyond the villas, guests can play an early morning round of golf, take a cooking class, or let the concierge service arrange access to all that Bali has to o� er. Relax at the full-service Karma Spa, featuring individual ‘spa shack’ treatment spaces, a central temple area, infrared sauna and a Himalayan salt bath located on the edge of the cli� . � is boutique hotel resort is unique in o� ering guests the opportunity to have oxygen facial treatments. Other wellness activities include yoga, pilates and a well-equipped gym. Guests may also take advantage of treatments in the elegant spa tent on the beach.

For a unique ‘club’ experience, the oceanfront Nammos Kandara is a cozy oasis of bamboo furnishings on a white sandy beach. Accessed by a unique funicular that shuttles guests gently down the cli� face, the club has its own kitchen serving wood-� red pizzas, signature cocktails and more. World-class cuisine can also be enjoyed in additional dining venues, whether above the crashing waves of the Indian Ocean, semi-al fresco at the tapas lounge, or served in the privacy of your luxury villa. Nammos Kandara is also home to the award-winning Di Mare Mediterranean restaurant, overlooking the ocean, which enjoys great renown in Bali. Catering to every need, a Private Concierge service is available, and for all the family there is a Kids’ Club to give the adults some space, and the family can come together again to enjoy the open air movie nights at Nammos, by the beach with popcorn.

In 2012, Karma Kandara was awarded FractionalLife.com Best Fractional Development Asia; Perspective Magazine Best Fractional Unit Worldwide, Best Fractional Unit Asia Paci� c , and Best Fractional Resort Asia Paci� c; and Trip Advisor Top Relaxation and Spa Hotel Indonesia.

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Ongoing Search

Last CallSM Getaways

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When you seek a bit of last minute excitement, Last Call Getaways are the perfect way to enjoy travel to a selection of popular destinations, year round. For only half thepublished credits and an exchange fee, you can select and book available destinations29 days or less before check-in. You also have the option to save your credits and purchase your getaway. To learn more, visit www.theregistrycollection.com and click on Sample Availability to view current Last Call Getaways.

Collection Partner Cruise Exchange Vacations

As a member of � e Registry Collection program you have access to the high-seas adventure of a lifetime, complete with special o� ers and outstanding savings. Step aboard some of the world’s leading luxury cruise lines including:• Cunard• Silversea• Crystal Cruises• Regent Seven Seas Cruises• � e Yachts of Seabourn

You have the option to exchange 300 Credits per stateroom towards the purchase of a cruise. � ere is no maximum limit to the number of staterooms that may be booked (subject only to availability).

If you prefer not to use your Credits and to purchase your Cruise with cash, you may enjoy additional selections among popular premium and contemporary cruise lines including:• Celebrity Cruises• Princess Cruises• Holland America Line• Disney Cruise Line

When a property is not available at the time you make your request, the moste� ective way to obtain your desired request is through the Ongoing Search feature. In fact, the majority of � e Registry Collection program’s successful vacation searches occur through this option. At the time you make your deposit, simply indicate your desired travel dates, locations and size of accommodations, and an automated, round-the-clock search for your selections will be initiated. If your selection becomes available, a Reservation Consultant will contact you with the details and you will have 24 hours to con� rm the vacation.

Updates

To learn more about Cruise Exchange Vacations, visitwww.registrycollectioncruises.com or call your Cruise Conciergeat 866.203.5004 (outside U.S.: 602.308.1971).

Member Testimonial� e 10-Year Anniversary Celebration of � e Registry Collection program was a resounding success, particularly with the winners of each of our amazing prizes consisting of a week long stay at one of � e Registry Collection’s fabulous European locations. One of the lucky winners of the prize draw has just recently returned from her third vacation in just 2 years of membership with � e Registry Collection program and has another two more vacations planned for this year. She and her family are now looking forward to a week-long stay at � e Residences at Dubrovnik Sun Gardens in Dubrovnik, Croatia. Set spectacularly on the Adriatic Sea and just a 20-minute drive from Dubrovnik’s old town, this property creates a perfect blend of Croatia’s rich history and glorious present. Sharon H. is thrilled about her family’s upcoming trip—so much so that she wrote us a letter:

I really wanted to let you know how delighted and excited we all were to � nd out that we are winners in � e Registry Collection 10th Anniversary celebrations! And what an amazing prize: a 2-bedroom apartment at � e Residences at Dubrovnik Sun Gardens in Dubrovnik, Croatia. Yippppeeee!

Our membership in � e Registry Collection program just gets better and better. � e exceptionally friendly, professional and prompt service has helped to make this one of the best investments we have ever made. You have all been so helpful, kind and patient guiding us through the system which I have to say is a breeze – you make it so simple.

A really big thank you, not only from myself but from my 21-year-old daughter, who was utterly amazed at the quality service that she received on her recent enquiry about a skiing holiday she was planning with her boyfriend. Also, one of the nicest things about our membership is the � exible and easy-to-use Guest Certi� cates that we share with family and friends.

We would highly recommend The Registry Collection program to anyone looking for high-quality resorts with wonderful accommodation. All the properties we have visited so far have had the WOW factor with the added bonus of allocated check-in areas on arrival, information areas with sta� on hand for any enquiries that you may have, and exclusive lounges with complimentary drinks, snacks, TV and computer access—lovely just for a cool drink away from the madding crowds.

� ese extra features all make your holiday experience more special and set � e Registry Collection program apart from other holiday companies that we have dealt with in the past (and there have been many). � e choice of destinations and properties is fabulous – keep up the excellent work. We really appreciate it.

� ank you again—I look forward to booking our next holiday soon.

Kindest regards,

Sharon H.,Scouthead, Oldham, England

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� ese vacations are limited. Destinations and travel times are subject to availability and con� rmed on a � rst come, � rst served basis. O� er includes only accommodations and speci� cally excludes travel costs and other expenses that my be incurred. Taxes, additional fees and charges may apply. All-inclusive resorts may charge a mandator all-inclusive fee. Other restrictions may apply.

Last CallSM Getaways are made available by Resort Rental, LLC (operating as Holiday Rentals, LLC in MD and TX), an Indiana-licensed limited liability company, whose principal broker is Donald J. Killingback.

CST: 2046555-50. Registration as a seller of travel does not constitute approval by the State of California.Fla. Seller of Travel Reg. No. ST-26552. Nevada Seller of Travel Registration No. 2002-0793. Washington Seller of Travel Reg. No. 602357907. Rental: CST: 2081369-50. Fla. Seller of Travel Reg. No. ST-36515. Nevada Seller of Travel Registration No. 2006-0006. Washington Seller of Travel Reg. No. 602560941.

* Many of the products and services available in this program are provided by third party guides, vendors and service providers (“� ird Parties”). RCI does or make any representations regarding the availability of or endorse any of the products or services provided by � ird Parties or the � ird Parties in athis program. RCI expressly denies any liability for an individeual’s engagement in any activity o� ered by or the use of any � ird Parties. Additional fees, terms and conditions, and restrictions may apply and are subject to change as determined solely by the � ird Parties.� e Registry Collection and related marks are registered trademarks and/or service marks in the United States and internationally. All rights reserved.©2012 RCI, LLC. All rights reserved. Printed in the U.S.A.

Q&A

Sample Availability

A: � e Registry Collection program is known for the highest quality accommodations. We strive to maintain this level at all properties you experience through us. Your membership a� ords you the opportunity to stay at select RCI properties that are in destinations where we may not have an adequate supply of inventory from our Portfolio properties. We select the � nest RCI properties, and by monitoring our member comments we believe we are able to uphold the standards and integrity of � e Registry Collection program, as well as ensuring the enjoyment of our members.

A: If we advised you that you were, for example, number three on a waitlist, you may be led to believe that this ensures you will receive a match. However, we can only con� rm for you what has been deposited by another member. If we do not receive any more deposits for that speci� c location and time, we will not be able to provide you with a match. � is is another great reason to deposit early!

Q: Depending on where I am on the Wait List, will I be able to secure my desired location and time?

Q: Why can’t I con� rm into all of RCI’s properties?

A: Absolutely not. We encourage our members to waitlist as many properties as possible to improve their chances of a great vacation. � e more � exible you can be with your dates and locations, the more likely it is that we will � nd a deposit that matches your request.

Q: Am I limited to a certain number of properties that I can waitlist?

� e Sample Availability page on our website is the place to � nd a quick list of properties currently available for exchange. � is helpful vacation planning tool, which is updated at the start of each business day, o� ers at-a-glance information on properties that are currently available for exchange.

From our Sample Availability page, � e Registry Collection® program is pleased to highlight seven outstanding properties, each o� ering the � nestin luxury vacation stays. You can learn more about availability of these or any of our other properties by clicking on Current Sample Availability atwww.theregistrycollection.com, or if you prefer, you may contact a Reservation Consultant.

South Africa o� ers a rich diversity of natural wonders and an incomparable range of experiences…• FHP Zimbali, Dolphin Coast• IFA Collection at Zimbali Coastal, Dolphin Coast• Pezula Resort Hotel and Spa, Garden Route• Zimbali Beach Estate, Durban• Kruger Park Lodge, Eastern Transvaal

Tenerife, South Canary Islands o� ers manicured beaches, beautiful cities and magni� cent golf courses…• Tenerife, South Canary Islands…• Club Paradiso - Platinum Yachts • Club Paradiso - � e Paramount

CLICK HERE for a full listing of resorts available from� e Registry Collection program.

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