Cendant Uk Acquisition Corporation Receipt Of Competition Clearances

NEW YORK AND LONDON (Wednesday, January 12, 2005) - On December 2, 2004, the boards of ebookers and Cendant announced the terms of a recommended acquisition for cash by Cendant Bidco of ebookers by way of a scheme of arrangement under section 425 of the Companies Act 1985 (the "Scheme of Arrangement"). Cendant Bidco today announces that both the Norwegian Competition Authority and the German Federal Cartel Office have granted clearance under the applicable Norwegian and German legislation, respectively, for the proposed acquisition of ebookers by Cendant Bidco.


Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the circular relating to the Scheme of Arrangement, which was posted to ebookers Shareholders and holders of ebookers ADSs on 22 December 2004.


About Cendant Corporation
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately 90,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries. More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's Web site at http://www.cendant.com.

Credit Suisse First Boston, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to ebookers and no one else in connection with the Acquisition and will not be responsible to anyone other than ebookers for providing the protections afforded to customers of Credit Suisse First Boston nor for providing advice in relation to the Acquisition.

Ernst & Young, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to ebookers solely for the purposes of Rule 3 of the Code and is not acting as adviser to anyone else in connection with the Acquisition and will not be responsible to anyone other than ebookers for providing the protections afforded to clients of Ernst & Young nor for providing advice in relation to the Acquisition.

Citigroup Global Markets Limited (“Citigroup”), which is regulated in the United Kingdom by The Financial Services Authority, is acting for Cendant and Cendant Bidco in connection with the Acquisition and the Scheme and no one else and will not be responsible to anyone other than Cendant and Cendant Bidco for providing the protections afforded to customers of Citigroup nor for providing advice in relation to the Acquisition or the Scheme, or any matter referred to herein.

This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to buy or subscribe for any securities. Any response in relation to the Acquisition should be made only on the basis of the information contained in the Scheme Document or any document by which the Offer is made.

The availability of the Acquisition to ebookers Shareholders and holders of ebookers ADSs who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are located. ebookers Shareholders and holders of ebookers ADSs who are not so resident should inform themselves of, and observe, any applicable requirements.

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