Global Vacation Group Re-Elects Duberstein to Board of Directors.

WASHINGTON--(BUSINESS WIRE)--May 12, 1999--

Global Vacation Group, Inc. (NYSE: GVG), one of the largest U.S. providers of value-added vacation products and services targeted to higher-income travelers, today announced that Kenneth M. Duberstein was re-elected to the Board of Directors at the company's annual meeting. A former White House Chief of Staff for Ronald Reagan, Duberstein is chairman and chief executive officer of The Duberstein Group, a strategic advisory and consulting firm.

"We're very pleased with the re-election of Ken Duberstein to our board," said Roger Ballou, chairman and CEO. "During his first term, Ken's significant senior management and public sector experience added a great deal to our board, and we look forward to his continued contributions."

During President Reagan's two terms, Duberstein also served as Deputy Chief of Staff and Assistant and Deputy Assistant to the President for Legislative Affairs. His earlier government appointments include Deputy Under Secretary of Labor and Director of Congressional and Intergovernmental Affairs at the U.S. General Services Administration.

Duberstein currently serves on the boards of directors of The Boeing Company, The St. Paul Companies, Cinergy Corporation and Fannie Mae. He also serves on the Board of Governors of the American Stock Exchange and the National Association of Securities Dealers.

In other business, the company ratified the hiring of Arthur Andersen LLP.

Global Vacation Group (www.gvg.com), headquartered in Washington, D.C., is a value-added provider of vacation products and services. Global Vacation Group's family of brands includes Classic Custom Vacations, which creates customized vacation packages for upscale U.S. travelers, Globetrotters, which is targeted to the popularly priced-vacation buyer, and Allied Tours, which creates and coordinates packages and tours for vacation wholesalers located primarily in Europe.