FORT WORTH, TX— Travelocity.com Inc. announced that Sabre Holdings Corporation and its affiliates stated its intention on Feb. 18 to make an unsolicited offer to purchase the shares of Travelocity common stock that Sabre does not already own for $23.00 per share, payable in cash. Sabre is the controlling stockholder of Travelocity through Sabres beneficial ownership of approximately 70% of Travelocitys equity securities. Sabres proposed offer price compares with Travelocitys trailing 30- and 60-day average closing prices of $22.31 and $24.30, respectively. Sabre said it plans to launch its formal tender offer on or soon after March 5, 2002. The offer is expected to be conditioned on Sabres ownership interest in Travelocity reaching at least 90%, enough to allow Sabre to effectuate a short-form merger. As of December 31, 2001, there were approximately 50 million shares of Travelocity common stock outstanding (assuming conversion of Travelocitys Class A common stock owned by Sabre), of which approximately 15 million were owned by holders other than Sabre. In response to this action by Sabre, the Travelocity Board of Directors has formed a special committee comprised of independent and outside directors to review and evaluate Travelocitys options and make recommendations to the Board. The committee met Monday night and appointed Salomon Smith Barney as its financial advisor and Locke Liddell & Sapp LLP as its legal counsel to assist the committee in its review and evaluation.