Travelocity Acquires Full Ownership of ZUJI Continuing Its Global Expansion

Travelocity and its affiliates previously owned, directly andindirectly, approximately 13.63% of ZUJI. In the transaction completedon Jan. 24, 2006 in Singapore, Travelocity purchased the remainingshares in ZUJI from Abacus International Pte. Ltd. and AGC HoldingsLtd., a consortium of 15 airlines in the region, giving Travelocityownership of 100% of ZUJI. The purchase price was approximately US$34million.

"It is a natural progression for Travelocity to take fullownership of ZUJI and the purchase positions us nicely for futuregrowth in the fast-growing Asia-Pacific region and Scott Blume and histeam have done a great job building a premier online travel brand andwe are excited to have them fully in the Travelocity family," saidMichelle Peluso, Travelocity President and CEO. "This acquisition,coupled with our acquisitions in Europe last year, demonstrates how weare continuing to expand the Travelocity network globally."

ZUJI's CEO Scott Blume said that this acquisition highlightedZUJI's potential for growth and its unique position as a leader andinnovator in online travel in the Asia-Pacific region. He also saidthat the change in ownership would not adversely impact the day-to-dayoperations of ZUJI teams, Web sites, nor its supplier relationships orcustomer bookings.

"We look forward to taking advantage of the technology andinnovation Travelocity will provide ZUJI as we work to offer customerseven more travel choices, greater value, and some clever packagingfeatures when they book on ZUJI," Blume said.

Travelocity has worked closely with ZUJI since ZUJI's launch in2002, both as an investor and as a technology provider.

"Travelocity's relationship with ZUJI has given us a deepunderstanding of the business, the people, the challenges and theopportunities for online travel in the Asia-Pacific region," Pelusosaid. "It also means there already are many existing synergies betweenour businesses, which bodes well for a smooth integration."

With 100% ownership in ZUJI secured, Travelocity is now positionedto:

-- Further enhance the online travel experience for customers in the Asia-Pacific region by delivering to ZUJI's more than one million members the best of Travelocity's and Sabre Holdings' travel and technology expertise;

-- Offer even greater opportunities for suppliers to reach customers worldwide;

-- Leverage ZUJI's relationships to the advantage of consumers by offering more and better content and deals, and to the advantage of partners and suppliers via seamless technology integration and increased scale;

-- Accelerate ZUJI's B2B (Travel Partner Network) capabilities and scope, therefore providing unique opportunities for travel suppliers and other key commercial partners to expand into, within and/or beyond the Asia-Pacific region;

-- Enhance ZUJI's growth by capturing all of the benefits of Travelocity's industry-leading capabilities, including dynamic packaging, its advanced net rate hotel program and revolutionary site;

-- Expand ZUJI/Travelocity's presence into China and India.

About Travelocity

Travelocity is committed to being the traveler's champion -before, during and after the trip and works hand-in-hand with theworld's most reputable travel providers so that everything about acustomer's booking will be right. And if it's not, Travelocityguarantees that it will work with its partners to make it right, rightaway. This customer-driven focus, backed by live 24/7 phone support,great prices and powerful shopping technology has made Travelocity thefifth largest travel agency in the U.S. - booking $4.9 billion intravel in 2004. Based in Southlake, Texas, Travelocity also owns andoperates Travelocity Business(SM), and lastminute.com, a leader inEuropean online travel. Travelocity is owned by Sabre HoldingsCorporation (NYSE:TSG), a world leader in travel commerce.

About ZUJI

In 2005, ZUJI was unanimously voted Asia Pacific's 'Best OnlineTravel Agent' by the readers of TTG travel magazines from 17 countriesacross Asia Pacific. ZUJI gives travellers a choice of over 60,000hotels with 45,000 traveller reviews, 400 airlines as well as offeringpackage tours, cruises, car hire, attractions and other travelproducts online. Each ZUJI site is unique and, ZUJI has teams andtravel websites in:

-- Singapore: www.zuji.com.sg In English

-- Hong Kong: www.zuji.com.hk In English and Cantonese

-- Taiwan: www.zuji.com.tw In Traditional Chinese (ZUJI operates as ZUJI Buylow in Taiwan)

-- Australia: www.zuji.com.au In English

-- Korea: www.nextour.co.kr In Korean (ZUJI operates as 'Nextour' in Korea)

-- New Zealand: www.zuji.co.nz In English (site powered by ZUJI, and managed by Gullivers Pacific)

ZUJI's 'Travel Partner Network' division allows third-party travelsuppliers, agents and web sites to harness the travel bookingfunctionality of ZUJI for flight, hotel, packages, activities andother travel content and products. ZUJI's travel network partnersinclude: Lonely Planet (Asia); Yahoo! (Korea); MSN (Korea); Atnext(Hong Kong); Naver.com (Korea); Korean Air (Korea, providing for'Honeymoon' and 'Woman' travel portals); Apple Daily Online (Taiwan)

ZUJI is owned by Travelocity(R), an international leader in onlinetravel. Travelocity is owned by Sabre Holdings Corporation (NYSE:TSG), a world leader in travel commerce.

About Sabre Holdings Corporation

Sabre Holdings connects people with the world's greatest travelpossibilities by retailing travel products and providing distributionand technology solutions for the travel industry. Sabre Holdingssupports travelers, travel agents, corporations, government agenciesand travel suppliers through its companies: Travelocity, Sabre TravelNetwork and Sabre Airline Solutions. Headquartered in Southlake,Texas, the company has approximately 9,000 employees in 45 countries.Full year 2004 revenues totaled $2.1 billion. Sabre Holdings, an S&P500 company, is traded on the NYSE under the symbol TSG. Moreinformation is available at http://www.sabre-holdings.com.

Statements in this release which are not purely historical factsor which necessarily depend upon future events, including statementsabout the anticipated benefits of the ZUJI acquisition to Travelocityor Sabre Holdings Corporation, expected growth of ZUJI and Travelocityin the Asia-Pacific region, projected effects of the ZUJI acquisitionon Sabre Holdings Corporation's earnings per share, or otherstatements about anticipations, beliefs, expectations, hopes,intentions or strategies for the future, may be forward-lookingstatements within the meaning of Section 21E of the SecuritiesExchange Act of 1934, as amended. Readers are cautioned not to placeundue reliance on forward-looking statements. All forward-lookingstatements are based upon information available to Sabre HoldingsCorporation on the date this release was issued. Sabre HoldingsCorporation undertakes no obligation to publicly update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise. Any forward-looking statements involverisks and uncertainties that could cause actual events or results todiffer materially from the events or results described in theforward-looking statements, including risks or uncertainties inherentin the integration of acquired businesses, or in competition withinthe Asia Pacific region from established or emerging competitors.Sabre Holdings Corporation may not succeed in addressing these andother risks. Further information regarding factors that could affectour financial and other results can be found in the Risk Factorssection of Sabre Holdings Corporation's most recent filing on Form10-Q with the Securities and Exchange Commission.