Galileo International Sets August 30 Special Meeting Date for Stockholder Vote on Acquisition by Cendant

Galileo International, Inc. (NYSE: GLC) today announced that August 30, 2001 will be the date of a special meeting of stockholders to consider and vote on adoption of the Agreement and Plan of Merger, dated as of June 15, 2001, by and among Cendant Corporation (NYSE: CD), Galileo International, Inc., and Galaxy Acquisition Corp. whereby Galaxy, a subsidiary of Cendant, will merge into Galileo. Following the merger, Galileo will become a wholly owned subsidiary of Cendant. Stockholders of record at the close of business on July 23, 2001 are entitled to receive notice of, and vote at, the special meeting.

The transaction, which is expected to close in the fall of 2001, remains subject to regulatory approvals outside the United States and the approval of Galileo’s stockholders. The companies continue to pursue all required regulatory approvals.