Viad Corp Declares Special Cash Dividend Of $2.50 Per Share Payable On November 14, 2013

    Viad Corp Declares Special Cash Dividend Of $2.50 Per Share Payable On
                              November 14, 2013

Expects to Declare Additional Special Cash Dividend of $1.50 per Share Payable
in January 2014

PR Newswire

PHOENIX, Oct. 25, 2013

PHOENIX, Oct. 25, 2013 /PRNewswire/ -- Viad Corp (NYSE: VVI) today announced
that its Board of Directors declared a special cash dividend of $2.50 per
share, or approximately $50.8 million in the aggregate. Shareholders of
record at the close of business on November 7, 2013 will receive the special
cash dividend payable on November 14, 2013. The company expects to continue
payment of Viad's regular dividends, which remain subject to quarterly Board
approval.

"We are dedicated to delivering value to our shareholders," said Paul B.
Dykstra, chairman, president and chief executive officer of Viad. "This
special dividend follows last year's 150% increase in our regular quarterly
dividend and is consistent with our commitment to prudently manage capital.
In addition, we continue to successfully execute our strategies for both our
Travel & Recreation and Marketing & Events Groups, while we pursue additional
opportunities to enhance value."

As previously announced, the Viad Board has authorized management to explore
and evaluate opportunities to enhance shareholder value, including a potential
separation of its Travel & Recreation and Marketing & Events businesses.
Together with its financial advisor, J.P. Morgan Securities LLC, Viad has
spent considerable time and effort over the past nine months carefully
evaluating options available to the company to enhance shareholder value, and
this process continues. The company noted that there can be no assurance that
this evaluation process will result in any transaction.

The company also noted that its Board expects to declare an additional special
cash dividend of $1.50 per share, or approximately $30.5 million in the
aggregate, which would be payable in January 2014. If declared, this dividend
would be funded primarily from the approximately $30 million the company is
entitled to receive in January following the expiration of its contract to
operate concessions in Glacier National Park. The expiration of this contract
was previously announced in August 2013.

About Viad
Viad is an S&P SmallCap 600 company. Viad operates through its Marketing &
Events Group, composed of Global Experience Specialists, Inc. and affiliates,
and its Travel & Recreation Group, composed of Brewster Travel Canada, Glacier
Park, Inc. and Alaska Denali Travel. For more information, visit the company's
Web site at www.viad.com.

Forward-Looking Statements
As provided by the safe harbor provision under the Private Securities
Litigation Reform Act of 1995, Viad cautions readers that, in addition to
historical information contained herein, this press release includes certain
information, assumptions and discussions that may constitute forward-looking
statements. These forward-looking statements are not historical facts, but
reflect current estimates, projections, expectations, or trends concerning
future growth, operating cash flows, availability of short-term borrowings,
consumer demand, new or renewal business, investment policies, productivity
improvements, ongoing cost reduction efforts, efficiency, competitiveness,
legal expenses, tax rates and other tax matters, foreign exchange rates, and
the realization of restructuring cost savings. Actual results could differ
materially from those discussed in the forward-looking statements. Viad's
businesses can be affected by a host of risks and uncertainties. Among other
things, natural disasters, gains and losses of customers, consumer demand
patterns, labor relations, purchasing decisions related to customer demand for
exhibition and event services, existing and new competition, industry
alliances, consolidation and growth patterns within the industries in which
Viad competes, acquisitions, adverse developments in liabilities associated
with discontinued operations and any deterioration in the economy, may
individually or in combination impact future results. In addition to factors
mentioned elsewhere, economic, competitive, governmental, technological,
capital marketplace and other factors, including terrorist activities or war,
a pandemic health crisis and international conditions, as well as the timing
of receipt of possessory interest and personal property payments in connection
with the Glacier National Park concession contract, could affect the
forward-looking statements in this press release. Additional information
concerning business and other risk factors that could cause actual results to
materially differ from those in the forward-looking statements can be found in
Viad's annual and quarterly reports filed with the Securities and Exchange
Commission.

Information about Viad Corp obtained from sources other than the company may
be out-of-date or incorrect. Please rely only on company press releases, SEC
filings and other information provided by the company, keeping in mind that
forward-looking statements speak only as of the date made. Viad undertakes no
obligation to update any forward-looking statements, including prior
forward-looking statements, to reflect events or circumstances arising after
the date as of which the forward-looking statements were made.

(Logo: http://photos.prnewswire.com/prnh/20111011/LA84399LOGO)

Contacts:
Joe Diaz                  Carrie Long
Lytham Partners          Viad Corp
(602) 889-9660           (602) 207-2681
diaz@lythampartners.com  IR@viad.com

SOURCE Viad Corp

Website: http://www.viad.com
 
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