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Hilton Increases Dividend

Press Release: Hilton Hotels Corporation
July 22, 2005
BEVERLY HILLS, CA -- The Board of Directors of Hilton Hotels Corporation (NYSE:HLT) voted yesterday to increase the company's quarterly common stock dividend from $.02 per share to $.04 per share (an increase of approximately $7.6 million per quarter). Accordingly, Hilton yesterday declared a dividend of $.04 per share, payable in cash on September 16, 2005, to stockholders of record at the close of business on September 2, 2005.

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Contact: 
     Hilton Hotels Corporation
     Marc Grossman/Kathy Shepard
     310-205-4030/310-205-7676
     http://www.hiltonworldwide.com


Source: Hilton Hotels Corporation