Manager’s MessageDear Member,“Crazy weather!” !at’s what my Swedish relatives have been telling me to expect when we arrive for our upcoming family vacation. Depending upon where you are reading this edition of !e Registry Insider, the weather outside is either unseasonably hot or cold. And what happens when folks don’t like the weather where they are? !ey travel. Or they plan their next great adventure. So whether you are reading this while enjoying your vacation or while jumping on TripAdvisor to plan your next get away, let us lend a hand. Our Reservation Consultants can tell you all about the exciting new places we have in our portfolio, help you enhance your trip by taking advantage of one or more of our lifestyle Collection Partners, or connect you with the Concierge Service. It’s all part of your membership with !e Registry Collection® program.As we continue to celebrate our 10th Anniversary, I want to thank all our members who have sent in memorable stories and photos of their exchange vacations with !e Registry Collection program. We hope to showcase a few of them on our upcoming new website. Over the past

couple of years, we’ve listened to your suggestions as to how we could make your online experience more user-friendly and relevant. In the near future, when you visit www.theregistrycollection.com you’ll "nd rich video and photography, weather, maps, member reviews and multiple ways to search for your next vacation. We’ll continue to add to the site throughout our 10th anniversary year and beyond, so keep those suggestions coming!I hope you take the time to read all the way through this newsletter (and then forward the link to a friend). We’re excited to showcase resorts in the US, Mexico, Dubai and South Africa, as well as to re-introduce you to the perfect way to "nd non-traditional accommodations in Europe. You’ll also "nd some handy tips to help you plan your travel, and you’ll hear from a few of our members.

All in all, a nice summer read, indeed.As for me, my family and I will spend the end of the summer in Sweden and Norway before we start on the search around the US for colleges for my rising high school senior. We’ll sneak in some more golf and time at the beach in between visits to some of our portfolio properties, where I hope to see some of you and share some stories.

The Registry Insider

Manager’s message

Destination Properties Spotlight

Featured Partner

Sample Availability

Updates

Member testimonials

Q&A

Tips

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Global Vice President,!e Registry Collection Program

Third Quarter 2012

TABLE of CONTENTS

Enjoying a little golf this summer and helping raise $125,000 for Christel House.

Left to right: Gregg Anderson - Don Harrill, President & CEO of Orange Lake Resorts (parent company of TRC a#liate Signature Collection at River Island) - Geo$ Ballotti, CEO of RCI - Spence Wilson, Board Chairman of Orange Lake Resorts - Becky Arnett, Director of Christel House International.

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Destination Properties Spotlight

Featured Partner

As a member of !e Registry Collection® program you have an opportunity to enjoy a luxurious stay at your choice of distinctive properties in sought-after destinations around the world. Whether you seek a Caribbean paradise, the exotic shores of Dubai, or a Santa Fe retreat, your escape to elegance awaits.

S i r e n i s P r e m i u m G r a n d Presidential Suites, Playa Del Carmen !is all-inclusive resort is only one hour south of the Cancun airport and is an elegant blend of modern architecture, tropical forest and the Caribbean Sea. Graced by white sandy beaches with crystal clear water, coral reefs, and an authentic Mayan ruin, this Caribbean paradise beautifully showcases the luxurious, full-service Spa Grand Sirenis.*

C l u b P a r a d i s o S u i t e s D u b a i Located in the exclusive Dubai Marina, this property boasts staggering views across the super-chic waterfront to the Arabian Sea and the Marina. !e residential tower’s contemporary design, panoramic glass lift and stylish décor make this a truly cutting-edge destination. !ese impressive accommodations lie within easy walking distance of the beautiful Jumeirah Beach Walk and the sandy shores just beyond.

F a i r m o n t H e r i t a g e P l a c e ,E l C o r a z o n d e S a n t a F e In the heart of downtown Santa Fe is an elegant, recently updated property that blends the time-honored traditions of New Mexico with the comfort and ease of luxury living. !e Spanish Pueblo architecture creates a soothing, Old World ambience that begins the moment you enter its gracious lobby and extends to each beautifully designed residence. Centrally located and just steps from the Plaza, El Corazon de Santa Fe is convenient to all local attractions.

E u r o p e a n V i l l a s & M a n o r s If you’ve always wanted to experience European country living, as a member of !e Registry Collection program, you can start planning your escape today. European Villas & Manors o$ers a fantastic range of holiday rental properties throughout the UK, Ireland, France, Spain, Portugal and Italy. From fairytale thatched cottages to rambling farmhouses and converted barns, from relaxing traditional homes in popular coastal resorts to imposing chateaux and stylish, contemporary villas with pools, European Villas & Manors has an idyllic retreat for you.

Better still, members of !e Registry Collection program receive 15% o$ of the standard trip pricing, so anytime is the perfect time to take a European vacation. To search availability, review customer comments, or make a secure booking online, visit our website at www.theregistrycollection.com/additional_program_bene"ts/collection_partners **

Sample Availability

Updates

When you want to view a quick list of properties currently available for exchange, visit the Sample Availability page on our website. Updated at the start of each business day, this helpful vacation planning tool gives you at-a-glance information on properties that are currently available for exchange.

From our list of distinguished properties, !e Registry Collection® program is pleased to highlight "ve outstanding properties, each o$ering the "nest in luxury vacation stays. To learn more about availability of these or any of our other properties, simply visit www.theregistrycollection.com and click on Sample Availability, or contact a Reservation Consultant.

Enhanced Resort Search - Browse !e Registry Collection portfolio by geographical Destination, preferred vacation Experience, property Availability, or Keyword.

Enhanced Resort Directory - !e resort information page will feature Google Maps, including Weather as well as Member Reviews.

Photo and Video Enhancements - Photos will appear sharper and more vividly than ever before, and enhanced media players will bring you a richer video viewing experience.

A Better Viewing Experience - To accommodate for a wide variety of computer and laptop displays, the site will automatically detect your computer’s browser environment and capabilities, and will then produce the most optimal display for your monitor.

Pezula Private Residence Club, South Africa

IFA Collection at Zimbali Coastal Resort, South Africa

Fairmont Heritage Place, Zimbali, South Africa

Presidential Suites Royale, Mexico

Montecristo Estates by Pueblo Bonito Resort, Mexico

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Take a Sneak Peek at O u r N e w W e b s i t e

Soon you will be able to log on and discover our fresh new look, as well as an array of convenient enhancements to streamline your property search process:

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Member Testimonials

When you seek additional vacation opportunities in choice locations, Signature Selections® by RCI o$ers you a selectionof top-tier RCI®-a#liated resorts available throughout the year. Among the many featured properties, !e Walt Disney World® Resort is home to four theme parks, two water parks, two entertainment districts, and a state-of-the-art sports complex, as well as countless opportunities for dining, shopping and recreation.

You can enjoy the gracious, simple elegance of times past in a lively, contemporary setting at Disney Boardwalk Villas. !is saltwater ta$y-colored inn brings you the whimsy and romance of another era. Here, a clown rollercoaster pool-slide and a beautiful boardwalk blend seamlessly with spacious, home-style amenities. And at Disney Animal Kingdom Villas, you can immerse yourself in the spirit of the savanna with glimpses of zebras, gira$es, and other animals, along with spacious accommodations that capture wonders of the wild.

Warren D. of Alberta, Canada, was seeking a grand time with his grandchildren, and booked stays at both of these Disney properties in January 2012. In this glowing review, it is easy to see that this world-famous destination worked its legendary magic on all of them!

“We spent 2 weeks at Disneyworld resort with 2 of our grandkids. What a wonderful time. Absolutely marvelous. Memories that will last a lifetime. We are just trying to build memories like my parents did with our kids. I couldn’t imagine a better place to go with grandkids. Now we are waiting for the other 5 to get a couple of years older to do it again. !anks Registry Collection.”

Warren D.

Raymond, Alberta, Canada

Whether you have memorable travel experiences you would like to share with fellow members, or you simply wish to tell us how we’re doing,!e Registry Collection program welcomes your feedback. You may see your story published in a future edition of !e Registry Insider!

Design and Layout by WER Visual Communications © 2012 RCI, LLC. All rights reserved.

And for those times when you seek a special retreat with your loved ones, the Montecristo Estates by Pueblo Bonito Resort in Cabo San Lucas o$ers a relaxing and rejuvenating way to experience the luxury you expect. Dramatically positioned atop the magni"cent Baja Peninsula, this exclusive golf and beach community o$ers stunning ocean views along three miles of Paci"c coastline. In addition to on-site shopping, sensational dining, and an array of recreational opportunities, this gated enclave boasts beautiful walking and hiking trails. When Dena E., of Edmond, Oklahoma, joined her sisters and mother, a member of !e Registry Collection program, for an elegant retreat and time to re%ect, Montecristo Estates was their property of choice.

“My Mom’s birthday and my parents’ wedding anniversary both fall within the week of Christmas, and they always took a trip together during December to celebrate. My parents had been married for 47

years when my Dad died in an accident. !ey had dated since they were teens, only each other, and Mom was devastated at his loss.

“!e December after his death, Mom decided to use her Registry Collection membership to take me and my sisters on a girls’ trip to Cabo San Lucas to honor their lives together. We stayed in a four-bedroom hacienda at the Montecristo Estates by Pueblo Bonito Resort. It was an amazing location, beautiful restful scenery, and the privacy a$orded us was perfect for our situation. !e concierge was wonderful, anticipating and meeting all our needs. He even delivered the birthday cake we had ordered, plus surrounded it with %owers. It was trip we will never forget.”

Dena E.

Edmond, Oklahoma

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Q&A

Tips

A: Your membership must be active through your travel dates in order to make a reservation. In this example, you would need to renew your membership in order to make the reservation.

A: You may start an ongoing search one year in advance as long as your membership is current through your requested travel dates and you have Credits on your account. We encourage our members to be %exible with their plans and advise that our waitlist is managed on a "rst-come-"rst served basis- so, plan early for best opportunity for success!

Q: How far in advance may I start a waitlist or ongoing search if the destinations within !e Registry Collection program are not available?

Q: I have 1,400 Credits with !e Registry Collection program that are eligible through December 2012, but my membership expires in November 2012. Your website shows availability in Mexico during the holiday weeks in December which is when we would like to travel. If I call in August while my membership is still active, why can’t I reserve the December 2012 availability?

A: Our new website is designed to streamline the destination search process by enhancing search options and allowing for a much better viewing experience – making website navigation not only easier, but also more enjoyable. !ere will be a tutorial video to ensure that our members are aware of everything that the new website will have to o$er. You can access the tutorial through the home page of the new website as soon as the new website& becomes available.

Q: Will the new website be easier to navigate than the current website?

Do you have Credits remaining after con"rming all of your vacations for the year, but they are about to expire?&

If you cannot possibly travel any more this year, but you still have Credits that will expire, then you can extend the life of the Credits for up to one year. A fee will be assessed based on the amount of Credits that are extended to the next year.& You may also reserve a Last CallSM Getaways (LCG) if you can book within 29 days of travel. Last CallSM Getaways satis"es your need for last-minute travel with service, style, and a stellar selection of popular destinations for just half the published Credit requirement.

Do& you want to “get away from it all” at the last minute, or add another week to your vacation, but you do not have any Credits available?

If you do not have any Credits available, then you may purchase a week of vacation via the Last CallSM Getaways program for a cash option regardless of unit size, season or destination. Last CallSM&Getaways are long on last-minute excitement. !ey provide you with the travel %exibility you crave—wherever or whenever the opportunity arises.

!ese vacations are limited. Destinations and travel times are subject to availability and con"rmed on a "rst come, "rst served basis. O$er includes only accommodations and speci"cally excludes travel costs and other expenses that my be incurred. Taxes, additional fees and charges may apply. All-inclusive resorts may charge a mandator all-inclusive fee. Other restrictions may apply.Last CallSM Getaways are made available by Resort Rental, LLC (operating as Holiday Rentals, LLC in MD and TX), an Indiana-licensed limited liability company, whose principal broker is&Donald J. Killingback.CST: 2046555-50. Registration as a seller of travel does not constitute approval by the State of California.Fla. Seller of Travel Reg. No. ST-26552.&Nevada Seller of Travel Registration No. 2002-0793.&Washington Seller of Travel Reg. No. 602357907. Rental: CST: 2081369-50. Fla. Seller of Travel Reg. No. ST-36515.&Nevada Seller of Travel Registration No. 2006-0006.&Washington Seller of Travel Reg. No. 602560941.

*A mandatory all-inclusive fee is required to be prepaid at or before check-in and, depending on resort and season, may cover meals, drinks, tours, transportation, resort activities, resort amenities, services and facilities. Fees, terms and conditions of packages covered by an all-inclusive fee are determined solely by the resort, and are subject to change at any time.

** Many of the products and services available in this program are provided by third party guides, vendors and service providers (“!ird Parties”). RCI does or make any representations regarding the availability of or endorse any of the products or services provided by !ird Parties or the !ird Parties in this program. RCI expressly denies any liability for an individeual’s engagement in any activity o$ered by or the use of any !ird Parties. Additional fees, terms and conditions, and restrictions may apply and are subject to change as determined solely by the !ird Parties.!e Registry Collection and related marks are registered trademarks and/or service marks in the United States and internationally. All rights reserved.©2012 RCI, LLC. All rights reserved. Printed in the U.S.A.