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Travelport Driving Forward Momentum

                     Travelport Driving Forward Momentum

-- Fourth Quarter and Full Year 2012 Results --

PR Newswire

ATLANTA, March 12, 2013

ATLANTA, March 12,  2013 /PRNewswire/ --Travelport Limited, a leading
provider of critical transaction processing for the global travel industry,
today announces its financial results for the fourth quarter and full year
ended December 31, 2012.

Commenting on the company's performance, Gordon Wilson, President and CEO of
Travelport, said:

"Travelport's strategic growth plans continue to gain momentum. We broadened
our travel content, improved our point of sale platform delivery, grew our
payments business and developed greater distribution capabilities for
ancillary products and services. Our key underlying business performance
indicators of RevPas and Gross Margin have improved every quarter of this year
compared to 2011."

These results are being released following a Travelport announcement of a
proposed comprehensive refinancing plan.

2012 Highlights:

  oIncreased hotel content to over 375,000 bookable properties and more than
    950,000 room offers;
  oSigned 35 new airline and merchandizing content agreements, including:

       oAir Canada, Air China, China Southern, Delta Airlines, KLM,
         Lufthansa, Qantas and South African Airways
       oLow cost airlines such as easyJet, Kulula, RAK Airways and Transavia;

  oWon customers in all regions and key countries, including Canada, Russia,
    the UK and the USA;
  oGrew eNett business settling transactions in 2012 with 18x increase over
    2011;
  oExecuted strategic partnerships in Asia:

       oSecured long-term agreement to run the Japan Airlines AXESS GDS
       oExtended co-operation with Chinese GDS, TravelSky, to include hotels;

  oRecognised by both the travel and technology industries with awards in all
    regions, including 'Best GDS'(Asia Pacific) and 'IT Team of the Year' in
    the American Business Awards.

Financial Highlights for Fourth Quarter 2012

(in $ millions)

                         Q4 2012  Q42011  Change   %Change
Net Revenue              457      465      (8)       (2)
Operating (Loss) Income  (17)     4        (21)      *
EBITDA                   41       62       (21)      (34)
Adjusted EBITDA          89       106      (17)      (16)


* Not meaningful

Travelport RevPas increased 5% to $5.47 for the fourth quarter of 2012. The
loss of the Master Services Agreement ("MSA") with United Airlines contributed
approximately $26 million to the decline in net revenue and $19 million to the
decline in each of operating income, EBITDA and Adjusted EBITDA for the fourth
quarter of 2012 compared to 2011. Excluding the impact of this loss, net
revenue for the fourth quarter of 2012 increased $18 million from the fourth
quarter of 2011, both operating income and EBITDA declined by $2 million,
compared to 2011, and Adjusted EBITDA increased by $2 million compared to
2011. The average rate of agency commissions increased 1% for the fourth
quarter of 2012.

Financial Highlights for the Full Year 2012

(in $ millions)

                  2012   2011   Change   %Change
Net Revenue       2,002  2,035  (33)      (2)
Operating Income  138    200    (62)      (31)
EBITDA            371    427    (56)      (13)
Adjusted EBITDA   455    507    (52)      (10)

Travelport RevPas increased 3% to $5.28 for the full year 2012. The loss of
the MSA with United Airlines contributed approximately $69 million to the
decline in net revenue and $50 million to the decline in each of operating
income, EBITDA and Adjusted EBITDA in 2012 compared to 2011. Excluding the
impact of this loss, net revenue for 2012 increased $36 million from 2011, and
operating income, EBITDA and Adjusted EBITDA declined by $12 million, $6
million and $2 million respectively, compared to 2011. The average rate of
agency commissions increased 1% for the full year 2012.

Interest costs of $290 million for the full year 2012 were $3 million higher
due to higher effective interest rates.

Travelport generated $181 million in net cash from operating activities of
continuing operations for the full year 2012, a $57 million increase from
2011, due to improved operating working capital and lower interest payments,
partially offset by a decline in Adjusted EBITDA. For the full year 2012 free
cash flow was $73 million, unlevered free cash flow was $305 million and
including other financing and investing activities net cash and cash
equivalents decreased by $14 million.

Travelport's net debt was $3,183 million as of December 31, 2012, which
comprised debt of $3,430 million less $110 million in cash and cash
equivalents and less $137 million of cash held as collateral.

Conference Calls

The Company's fourth quarter and full year 2012 earnings conference call will
be held on, March 12, 2013, beginning at 1100hrs (EDT). Details for this call
and the earnings presentation are available through the Investor Center
section of the Company's website 
(www.travelport.com/investors/Financial-Calendar), where pre-registration for
the call is required. 

A recording of the call will be made available within 24 hours in the
Financial/Operating Data section of the Investor Center on the Company's
website.

About Travelport

Travelport is a leading provider of critical transaction processing solutions
and data to companies operating in the global travel industry.

With a presence in over 170 countries, approximately 3,500 employees and 2012
net revenue of more than $2.0 billion, Travelport is comprised of the global
distribution system ("GDS") business, which includes the Galileo and Worldspan
brands, its Airline IT Solutions business and a majority joint venture
ownership in eNett.

Headquartered in Atlanta, Georgia, Travelport is a privately owned company.

Investor Contact

Julian Walker
Head of Corporate Communications and Investor Relations
+44 (0)17 5328 8210
julian.walker@travelport.com

Media Contacts

Kate Aldridge
Senior Director, Corporate Communications, EMEA and APAC
+44 (0)17 5328 8720
kate.aldridge@travelport.com

Jill Brenner
Senior Director, Corporate Communications, Americas
+1 (973) 939 1325
jill.brenner@travelport.com

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking
statements" that involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Statements preceded by, followed by or that otherwise include the words
"believes", "expects", "anticipates", "intends", "projects", "estimates",
"plans", "may increase", "may fluctuate" and similar expressions or future or
conditional verbs such as "will", "should", "would", "may" and "could" are
generally forward-looking in nature and not historical facts. Any statements
that refer to expectations or other characterizations of future events,
circumstances or results are forward-looking statements.

Various risks that could cause future results to differ from those expressed
by the forward-looking statements included in this press release include, but
are not limited to: the impact that our outstanding indebtedness may have on
the way we operate our business; factors affecting the level of travel
activity, particularly air travel volume, including security concerns, general
economic conditions, natural disasters and other disruptions; general economic
and business conditions in the markets in which we operate, including
fluctuations in currencies and the economic conditions in the eurozone;
pricing, regulatory and other trends in the travel industry; our ability to
obtain travel supplier inventory from travel suppliers, such as airlines,
hotels, car rental companies, cruise lines and other travel suppliers; our
ability to develop and deliver products and services that are valuable to
travel agencies and travel suppliers and generate new revenue streams,
including our universal desktop product; risks associated with doing business
in multiple countries and in multiple currencies; maintenance and protection
of our information technology and intellectual property; the impact on
supplier capacity and inventory resulting from consolidation of the airline
industry; financing plans and access to adequate capital on favorable terms;
our ability to achieve expected cost savings from our efforts to improve
operational efficiency; our ability to maintain existing relationships with
travel agencies and to enter into new relationships on acceptable financial
and other terms; and our ability to grow adjacencies, such as our acquisition
of Sprice and our controlling interest in eNett. Other unknown or
unpredictable factors could also have material adverse effects on our
performance or achievements. In light of these risks, uncertainties,
assumptions and factors, the forward-looking events discussed in this press
release may not occur. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date stated, or if no
date is stated, as of the date of this press release. Except to the extent
required by applicable securities laws, the Company undertakes no obligation
to release any revisions to any forward-looking statements, to report events
or to report the occurrence of unanticipated events unless required by law.

This press release includes certain non-GAAP financial measures as defined
under Securities and Exchange Commission ("SEC") rules. As required by SEC
rules, important information regarding such measures is contained below.

TRAVELPORT LIMITED



CONSOLIDATED STATEMENTS OF OPERATIONS



(in $ millions)
                                      
                                                          Year Ended December
                                      Three Months Ended  31,
                                      December 31,
                                      2012        2011    2012        2011

                                      457         465     2,002       2,035
Net revenue
Costs and expenses
Cost of revenue                       272         271     1,191       1,211
Selling, general and administrative   144         132     446         397
Depreciation and amortization         58          58      227         227
Total costs and expenses              474         461     1,864       1,835
Operating (loss)                      (17)        4       138         200
income
Interest expense, net                 (75)        (64)    (290)       (287)
Gain on early extinguishment of debt  —           —       6           —
Loss from continuing operations
before income taxes and equity in     (92)        (60)    (146)       (87)
investment in Orbitz Worldwide
Provision for income taxes            —           (2)     (23)        (29)
Equity in losses of investment in     (80)        (22)    (74)        (18)
Orbitz Worldwide
Net loss from continuing operations   (172)       (84)    (243)       (134)
(Loss) income from discontinued       —           —       —           (6)
operations, net of tax
Gain from disposal of discontinued    7           —       7           312
operations, net of tax
Net (loss) income                     (165)       (84)    (236)       172
Net loss attributable to
non-controlling interests in          —           2       —           3
subsidiaries
Net (loss) income attributable to the (165)       (82)    (236)       175
Company







TRAVELPORT LIMITED



CONSOLIDATED BALANCE SHEET



(in $ millions)
                                                    December31,  December31,

                                                    2012          2011
Assets
Current assets:
Cash and cash equivalents                           110           124
Accounts receivable (net of allowances for doubtful 150           180
accounts of $16 and $22)
Deferred income taxes                               2             3
Other current assets                                220           168
Total current assets                                482           475
Property and equipment, net                         416           431
Goodwill                                            986           986
Trademarks and tradenames                           314           314
Other intangible assets, net                        599           681
Cash held as collateral                             137           137
Investment in Orbitz Worldwide                      —             77
Non-current deferred income taxes                   6             6
Other non-current assets                            218           237
Total assets                                        3,158         3,344
Liabilities and equity
Current liabilities:
Accounts payable                                    74            72
Accrued expenses and other current liabilities      537           501
Deferred income taxes                               38            —
Current portion of long-term debt                   38            50
Total current liabilities                           687           623
Long-term debt                                      3,392         3,357
Deferred income taxes                               7             42
Other non-current liabilities                       274           279
Total liabilities                                   4,360         4,301
Commitments and contingencies
Shareholders' equity:
Common shares ($1.00par value; 12,000shares       —             —
authorized; 12,000shares issued and outstanding)
Additional paid in capital                          718           717
Accumulated deficit                                 (1,747)       (1,511)
Accumulated other comprehensive loss                (189)         (176)
Total shareholders' equity                          (1,218)       (970)
Equity attributable to non-controlling interest in  16            13
subsidiaries
Total equity                                        (1,202)       (957)
Total liabilities and equity                        3,158         3,344







TRAVELPORT LIMITED



CONSOLIDATED STATEMENT OF CASH FLOWS



(in $ millions )
                                                    Year ended    Year ended
                                                    December31,  December31,
                                                    2012          2011
Operating activities of continuing operations
Net (loss) income                                   (236)         172
Income from discontinued operations (including gain (7)           (306)
from disposal), net of tax
Net loss from continuing operations                 (243)         (134)
Adjustments to reconcile net loss from continuing
operations to net cash provided by operating
activities of continuing operations:
Depreciation and amortization                       227           227
Equity-based compensation                           2             5
Amortization of debt finance costs and debt         37            23
discount
Non-cash interest on Second Priority Secured Notes  14            3
Gain on early extinguishment of debt                (6)           —
Gain on interest rate derivative instruments        (1)           (22)
Gain on foreign exchange derivative instruments     —             (1)
Equity in losses of investment in Orbitz Worldwide  74            18
Deferred income taxes                               4             3
FASA liability                                      (7)           (16)
Defined benefit pension plan funding                (27)          (17)
Changes in assets and liabilities:
Accounts receivable                                 22            (20)
Other current assets                                (3)           13
Accounts payable, accrued expenses and other        36            9
current liabilities
Other                                               52            33
Net cash provided by operating activities of        181           124
continuing operations
Net cash (used in) provided by operating activities —             (12)
of discontinued operations
Investing activities
Property and equipment additions                    (92)          (77)
Proceeds from the sale of GTA business, net of cash —             628
disposed of $7 million
Other                                               3             5
Net cash (used in) provided by investing activities (89)          556
Financing activities
Proceeds from new term loans                        170           —
Repayment of term loans                             (165)         (658)
Proceeds from revolver borrowings                   80            35
Repayment of revolver borrowings                    (95)          —
Repayment of capital lease obligations              (16)          (14)
Repurchase and retirement of Senior Notes           (20)          —
Debt finance costs                                  (20)          (100)
Payments on settlement of foreign exchange          (51)          —
derivative contracts
Proceeds from settlement of foreign exchange        9             34
derivative contracts
Distribution to a parent company                    —             (89)
Other                                               2             1
Net cash used in financing activities               (106)         (791)
Effect of changes in exchange rates on cash and     —             5
cash equivalents
Net decrease in cash and cash equivalents           (14)          (118)
Cash and cash equivalents at beginning of year      124           242
(including cash of discontinued operations)
Cash and cash equivalents of continuing operations  110           124
at end of year
Supplemental disclosure of cash flow information of
continuing operations
Interest payments                                   232           267
Income tax payments, net                            16            22
Non-cash capital distribution to a parent company   —             208
Non-cash capital lease additions                    63            28





TRAVELPORT LIMITED

NON-GAAP MEASURES

(in $ millions)
Reconciliation of Travelport Adjusted EBITDA   Three Months Ended December 31,
to Operating (Loss) Income
                                               2012                2011
Travelport Adjusted EBITDA                     89                  106
Less adjustments:
 Corporatecosts                             (10)                (4)
Equity based compensation                      ―                   (5)
 Litigation and related costs               (28)                (37)
 Other - non cash                            (10)                2
 Total                                       (48)                (44)
EBITDA                                         41                  62
Less: Depreciation and amortization            (58)                (58)
Operating (loss) income                        (17)                4
Reconciliation of Travelport Adjusted EBITDA   Year Ended December 31,
to Operating Income
                                               2012                2011
Travelport Adjusted EBITDA                     455                 507
Less adjustments:
 Corporatecosts                             (19)                (15)
 GAAP restructuring charges                  ―                   (4)
 Equity-based compensation                   (2)                 (5)
 Litigation and related costs                (53)                (50)
 Gain on extinguishment of debt              6                   ―
 Other -non cash                            (16)                (6)
 Total                                       (84)                (80)
EBITDA                                         371                 427
Less: Depreciation and amortization            (227)               (227)
Less: Gain on extinguishment of debt           (6)                 ―
Operating income                               138                 200

Travelport Adjusted EBITDA is a non-GAAP measure and may not be comparable to
similarly named measures used by other companies. We believe this measure
provides management with a more complete understanding of the underlying
results and trends and an enhanced overall understanding of our financial
liquidity and prospects for the future. Adjusted EBITDA is the primary metric
for measuring our business results, forecasting and determining future capital
investment allocations and is used by the Board of Directors to determine
incentive compensation. Capital expenditures, which impact depreciation and
amortization, interest expense and income tax expense, are reviewed separately
by management. Travelport Adjusted EBITDA is disclosed so investors have the
same tools available to management when evaluating the results of Travelport.
Travelport Adjusted EBITDA is defined as EBITDA adjusted to exclude the impact
of purchase accounting, impairment of goodwill and intangibles assets,
expenses incurred to acquire and integrate Travelport's portfolio of
businesses, costs associated with Travelport's restructuring efforts, non-cash
equity-based compensation, and other adjustments made to exclude expenses
management views as outside the normal course of operations. Travelport
Adjusted EBITDA is a critical measure as it is required to calculate our key
financial ratios under our credit agreement covenants. These ratios use a
number which is broadly computed from the Travelport Adjusted EBITDA for the
last twelve months and the consolidated net debt, the first lien debt and the
senior secured debt as at the balance sheet date and are known as the Total
Leverage Ratio, the First Lien Leverage Ratio and the Senior Secured Leverage
Ratio. Travelport is currently in compliance with all of our financial
covenants. A breach of these covenants could result in a default under the
senior secured credit agreement and the indentures governing the notes.



TRAVELPORT LIMITED

NON-GAAP MEASURES

(in $ millions)
Reconciliation of Travelport Adjusted EBITDA to Net    
Cash Provided by Operating Activities of Continuing
Operation, Unlevered Free Cash Flow and Free Cash Flow Year Ended December 31,
                                                       2012           2011
Travelport Adjusted EBITDA                             455            507
 Less:
 Interest payments                                   (232)          (267)
 Tax payments                                        (16)           (22)
 Changes in operating working capital                72             (7)
 FASA liability payments                             (7)            (16)
Defined benefit pension plan funding                   (27)           (17)
 Other adjusting items^(1)                           (64)           (54)
Net cash provided by operating activities of           181            124
continuing operations
 Interest payments                                   232            267
Capital expenditures on property and equipment         (92)           (72)
additions
Repayment of capital lease obligations                 (16)           (14)
Unlevered free cash flow                              305            305
Less: interest payments                                (232)          (267)
Free cash flow                                        73             38

^(1) Other adjusting items relate to payments for costs included within
operating income, but excluded from Travelport Adjusted EBITDA. These
primarily include (i) $28 million and $6 million of litigation and related
cash payments during the years ended December 31, 2012 and 2011, respectively
(ii) $15 million and $21 million of cash payments resulting from the
resolution of a historical dispute related to a terminated arrangement with a
former distributor in the Middle East, which was subject to binding
arbitration, during the years ended December 31, 2012 and 2011, respectively
(iii) $20 million and $16 million of corporate transaction cost payments
during the years ended December 31, 2012 and 2011, respectively, and (iv) $1
million and $11 million of restructuring and related payments made during the
years ended December 31, 2012 and 2011, respectively.



Unlevered free cash flow is a non-GAAP measure and may not be comparable to
similarly named measures used by other companies. Unlevered free cash flow is
defined as net cash provided by (used in) operating activities of continuing
operations adjusted to exclude cash interest payments and include capital
expenditures and capital lease repayments. We believe unlevered free cash flow
provides management and investors with a more complete understanding of the
underlying liquidity of the core operating businesses and its ability to meet
current and future financing and investing needs.

TRAVELPORT LIMITED

Operating Statistics

(unaudited)
                           Three Months Ended
                           December 31,
                           2012        2011    Change  % Change
Segments (in millions)
 Americas                 37          39      (2)*     (6.1)%
 Europe                   19          19      ―        1.1%
 Asia Pacific             12          13      (1)      (2.6)%
 Middle East and Africa 9           9       ―        (1.2)%
Total Segments             77          80      (3)      (3.3)%



                         Year Ended
                         December 31,
                         2012    2011  Change  % Change
Segments (in millions)
 Americas               170     176   (6)*     (3.5)%
Europe                 84      85    (1)      (0.9)%
 Asia Pacific           54      56    (2)      (2.9)%
 Middle East and Africa 39      38    1        1.8%
Total Segments           347     355   (8)      (2.2)%

* Includes the loss of segments related to the MSA with United

SOURCE Travelport Limited

Website: http://www.travelport.com