Abercrombie & Kent Destination Clubs Acquire 20 New Properties; New Destinations Include Sun Valley, Aspen, Narragansett Bay and San Diego.

Business Editors/Travel Writers

SOUTHPORT, Conn.--(BUSINESS WIRE)--April 15, 2004

Abercrombie & Kent Destination Clubs, the world's premiere Destination Club, announces the acquisition of 20 resort properties, some in new prime vacation destinations, including Sun Valley, Aspen, Rhode Island, San Diego and England.

Abercrombie & Kent Destination Clubs provide members the experience of owning multiple vacation homes throughout the world at a fraction of the cost.

Director of Acquisitions for Abercrombie & Kent Destination Clubs, Larry Langer, comments: "We received an overwhelming response to our new club, Distinctive Retreats by Abercrombie & Kent. Our membership directors sold more than 100 memberships in the first 30 days of availability. We added new luxury properties in some of our most popular destinations and five new resort destinations to this club's portfolio."

A sampling of the new acquisitions includes a 5,500 square-foot residence in an exclusive neighborhood and a three bedroom luxury condo in Sun Valley, two new golf course residences at the private Carnegie Abbey Club in Narragansett Bay and an 8,000 square-foot residence with five bedrooms and six baths in a gated community in Rancho Santa Fe.

"These new locations and properties allow our members to travel all around the globe and experience every style of luxury residence from the city to the country," says Mr. Geoffrey Kent, chairman and CEO of Abercrombie & Kent. "These properties average $2.5 million in asset value and offer a higher level of service and more exceptional amenities than ever before."

The Destination Clubs offer members unlimited access to more than 70 world-class destinations on all seven continents, including residences and yachts in Nevis, Jackson Hole, Cabo San Lucas, Telluride, Tortola, Hawaii and Scottsdale. Also available are luxury City Club suites in Paris, London, Rome, New York, San Francisco, Miami and San Diego. Members also enjoy access to private jet and turbo prop aircraft through Abercrombie & Kent Jets powered by Bombardier Flexjet(R).

"Distinctive Retreats by Abercrombie & Kent provide me with an upscale home almost anywhere in the world at a moment's notice," says Davis Fansler, Club Member. "One week I can be skiing in Sun Valley and the next lying on the beach in Cabo San Lucas."

Headquartered in Southport, Conn., Abercrombie & Kent Destination Clubs are the world's first and premiere destination club companies, offering Members unlimited use of a collection of residences, resort suites, yachts, private aircraft, A&K journeys, cruises and safaris on all seven continents. Destination Clubs are the latest, most sophisticated and convenient vacation concept utilizing a 100 percent refundable deposit that, unlike other vacation ownership options, eliminates any capital risk. The Clubs' Proprietary Capacity Model, which includes a broad geographic dispersion and limited number of Members, virtually assures Members can travel when and where they wish. The benefits continue with complete location flexibility, unrestricted and equal access to every location and very low member-to-residence ratio. For more information, visit www.akdestinations.com.

For more than 40 years, Abercrombie & Kent has been internationally recognized as the premiere name in luxury adventure travel. The company has built its award-winning reputation by being the first to bring unexpected comforts and amenities to remote destinations worldwide and providing privileged access to local cultures and experiences around the world. Travel with Abercrombie & Kent combines the convenience, service and security of a U.S.-based company with support 24/7 from a network of 45 on-site offices in destinations worldwide.