Investor Relations

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Chart - Example of Tax Basis Allocation;

• Information on Tax Basis and Allocation Matters, to assist you in allocating your tax basis in shares of the Company and in shares of each of the other corporations which have been directly or indirectly spun off from the Company (then called Marriott Corporation) since October 1993; and

Shareholders are reminded that Company stock certificates issued prior to December 29, 1998 under the name of Hot Shoppes, Inc., Marriott-Hot Shoppes, Inc., Marriott Corporation and Host Marriott Corporation (incorporated in Delaware) need to be exchanged for certificates of "new" Host Hotels & Resorts, Inc. [formerly Host Marriott Corporation] (incorporated in Maryland). If you have not already transmitted the "old" certificates, please contact the Company's transfer agent, Computershare Trust Company, N.A., Shareholder Relations, P.O. Box 43010, Providence, RI 02940-3069, tel. 800-519-3111.