General Product, State & Country Disclosures

Membership requires purchasing an undivided real estate interest in a Disney Vacation Club Resort.

Real estate interests must be purchased directly from Disney Vacation Development, Inc. in order to have access to the Disney, Adventurer and Concierge Collections.

Aulani, Disney Vacation Club Villas, Ko Olina, Hawai`i amenities and Phase 2 accommodations now open; Phase 3 scheduled completion 2013.This is not an offer in any jurisdiction which requires prior registration and in which the timeshare plan is not registered or the legal requirements to solicit timeshare have not been met. The complete offering terms of the timeshare are in a public offering statement and purchase agreement available upon request from the offeror. Current prices: Bay Lake Tower at Disney's Contemporary Resort starts at $25,600; Aulani starts at $21,600, Disney's Animal Kingdom Villas starts at $20,800, and Disney's Saratoga Springs Resort starts at $17,600. All prices are subject to change. Prices quoted include applicable sales taxes. KY#92-AG-105. #08/4-025NJREC, #10/34-0001NJREC, #06/4-981NJREC, #02/4-913NJREC.NE Broker: N.P. Dodge Co.

An offer may be made only by means of a Public Offering Statement, which is available from the Sponsor. Disney Vacation Development, Inc., and Disney Vacation Club Management Corp. are subsidiaries of The Walt Disney Company and are affiliated with Walt Disney Parks and Resorts U.S., Inc., a Florida corporation. You are not buying an interest in any of the foregoing entities. Member benefits, including Member Getaways, are through third-party providers and may be modified or withdrawn at any time. Member Getaways are offered through exchange opportunities and require a fee. Members can visit dvcmember.com or contact Member Services for full details. All Disney Vacation Club Resort and Member Getaways accommodations are subject to availability. All Disney Vacation Club Members appearing in any advertisement or testimonial have agreed in advance to appear.

Purchasers should not rely on the continued existence of, and access to, certain amenities at Aulani, a Disney Resort & Spa, Ko Olina, Hawai`i such as Laniwai, a Disney Spa; Aunty's Beach House; restaurants; and recreational facilities that are not part of Membership. Certain offerings require a fee.

The Treehouse Villas are the fourth phase of Disney's Saratoga Springs Resort. Purchasers have the same reservation and use rights in the Treehouse Villa accommodations as other owners at Disney's Saratoga Springs Resort and will be competing equally for Treehouse Villa reservations with other Disney's Saratoga Springs Resort owners.

The Top of the World Lounge and observation area at Bay Lake Tower at Disney's Contemporary Resort are not part of the timeshare plan. Limited access is based upon availability and may be terminated without notice.

Purchasers should not rely on the continued existence of, and access to, existing Disney's Animal Kingdom Lodge amenities, such as savannas, restaurants, and recreational facilities that are not part of Membership.

Use of and availability of The Spa at Disney's Saratoga Springs Resort, located adjacent to Disney's Saratoga Springs Resort, a leasehold condominium, is incidental and not part of this offering other than as an incidental benefit. Please refer to the spa acknowledgement statement describing the availability of the spa for further details.

Disney Vacation Development, Inc. offers financing for qualified buyers in most jurisdictions. Ten percent (10%) down payment required. For example, for a financed purchase at Aulani of 160 vacation points at $21,600 with a down payment of ten percent (10%) and a loan term of 120 months at 16.25% APR, the monthly loan payments would be approximately $329. Rates, terms, and payments may vary depending on credit history and length of term of loan. Mortgage application is required and approval is not guaranteed. Restrictions apply. Financing by Disney Vacation Development, Inc. is subject to change or withdrawal without notice.

Disney Vacation Development, Inc.
1390 Celebration Boulevard
Celebration, FL 34747

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