InterContinental Hotels Regulatory News (IHG)

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

InterContinental Hotels Group PLC

(LEI: 2138007ZFQYRUSLU3J98)

1b. Please indicate if the issuer is a non-UK issuer

Non-UK issuer

2. Reason for the notification

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify): Correction of Form TR-1 that was filed on October 19, 2020

3. Details of person subject to the notification obligation

Name

RBC Global Asset Management Inc. ("RBC GAM")

RBC Phillips, Hager & North Investment Counsel Inc. ("PH&N IC")

RBC Private Counsel (USA) Inc. ("RBC Private Counsel")

Royal Trust Corporation of Canada ("Royal Trust")

City and country of registered office (if applicable)

Toronto, Ontario, Canada

4. Full name of shareholder(s) (if different from 3)

Name

City and country of registered office

Toronto, Canada

5. Date on which the threshold was crossed or reached:

19/01/2021

6. Date on which issuer notified:

20/01/2021

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

4.94%

0.07%

5.01%

182,656,312

Position of previous notification (if

applicable)

4.122%

0.041%

4.163%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Common Stock (ISIN: GB00BHJYC057)

9,010,335

 (RBC GAM)

4.93%

26,110

 (PH&N IC)

0.01%

1,416

 (RBC Private Counsel)

0.000%

SUBTOTAL 8. A

9,037,861

4.94%

B 1: Financial Instruments according to DTR5.3.1.1 (a)

Type of financial instrument

Expirationdate

Exercise/Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted

% of voting rights

American Depositary Shares (ISIN: US45857P8068)

92,882

(PH&N IC)

0.05%

29,805

(RBC Private Counsel)

0.02%

473

(Royal Trust)

0.00%

SUBTOTAL 8. B 1

123,160

0.07%

B 2: Financial Instruments with similar economic effect according to DTR5.3.1.1 (b)

Type of financial instrument

Expirationdate

Exercise/Conversion Period

Physical or cash

settlement

Number of voting rights

% of voting rights

N/A

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)

X

Name

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

RBC GAM

N/A

N/A

N/A

Capital Funding Alberta Limited (controlling entity holding 100% of RBC GAM)

N/A

N/A

N/A

Royal Bank Holding Inc. (controlling entity holding 100% of Capital Funding Alberta Limited)

N/A

N/A

N/A

Royal Bank of Canada (controlling entity holding 100% of Royal Bank Holding Inc.)

5.01%

N/A

5.01%

PH&N IC

N/A

N/A

N/A

Royal Bank Holding Inc. (controlling entity holding 100% of PH&N IC)

N/A

N/A

N/A

Royal Bank of Canada (controlling entity holding 100% of Royal Bank Holding Inc.)

5.01%

N/A

5.01%

RBC Private Counsel

N/A

N/A

N/A

Royal Bank Holding Inc. (controlling entity holding 100% of RBC Private Counsel)

N/A

N/A

N/A

Royal Bank of Canada (controlling entity holding 100% of Royal Bank Holding Inc.)

5.01%

N/A

5.01%

Royal Trust

N/A

N/A

N/A

Royal Bank of Canada (controlling entity holding 100% of Royal Trust)

5.01%

N/A

5.01%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional information

Place of completion

Toronto, Ontario, Canada

Date of completion

20/01/2021