$510 Million Secondary Equity Offering of Sabre Corporation

August 10, 2015

Cleary Gottlieb represented Sabre, and affiliates of TPG Global and Silver Lake Partners (collectively, the “selling stockholders”) in a $510 million secondary public offering of 19 million shares of common stock.

The offering priced at $26.85 per share on August 5, 2015, and closed on August 10, 2015. All of the shares of common stock offered were sold by the selling stockholders. Sabre did not sell any shares or receive any proceeds from the offering. Following the offering, affiliates of TPG Global and Silver Lake Partners, will continue to own approximately 50.7% of Sabre. Cleary Gottlieb also acted as counsel to Sabre in Sabre’s initial public offering in April 2014, in two other secondary public offerings by the selling stockholders in February 2015 and May 2015 and in an offering of $530 million of senior secured notes by Sabre GLBL Inc., a wholly owned subsidiary of Sabre, in April 2015.

Sabre Corporation is a leading technology provider to the global travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than $110 billion of estimated travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, Sabre serves customers in more than 160 countries around the world.