##### Table of Contents



Exhibit 1
  No. 5134420
   The Companies Act 2006
 Company Limited by Shares
  INTERCONTINENTAL HOTELS GROUP
    PLC
  ARTICLES OF
    ASSOCIATION
        (44-20)
 (44-20)




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Contents
   
 Article No.

Page No.Preliminary


1-2



1-6Ordinary and Redeemable Shares


3-4



6-7Variation of Rights


5-6



8Shares


12-16



10-12Evidence of Title to Securities


17



12Share Certificates


18-22



12-13Calls on Shares


23-28



13-14Forfeiture and Lien


29-36



15-16Transfer of Shares


37-43



16-19Transmission of Shares


44-46



19-20Untraced Shareholders


47-48



20-21General Meetings


49-50



21Notice of General Meetings


51-52



21-22Overflow of General Meetings


53-55



22Proceedings at General Meetings


56-66



23-25Votes of Members


67-72



25-28Proxies


73-78



28-30Corporations Acting by Representatives


79



30Directors


80-88



30-32Appointment and Retirement of Directors


89-97



32-34Alternate Directors


98-101



34-35Meetings and Proceedings of Directors


102-111



35-42Borrowing Powers


112-113



42General Powers of Directors


114-118A



42-44President


119



44Departmental, Division or Local Directors


120



44Secretary


121



44The Seal


122-124



44-45Record Date


125



45Authentication of Documents


126



45 i




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Article No.

Page No.Reserves


127



45-46Dividends


128-140



46-48Capitalisation of Profits and Shares


141-142



49-50Minutes


143



50-51Accounts


144-145



51Auditors


146-147



51-52Communications with Members


148-155



52-54Winding up


156-157



54Directors liabilities


158-158B



55-57Overriding Provisions


159



57-60   ii




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The Companies Act 2006
  COMPANY LIMITED BY
    SHARES
  Articles of Association
  Adopted by
    Special Resolution passed on 15 June 2005
  Further
    amended by Special Resolutions passed on 1 June 2007
    and 30 May 2008 with effect from 1 October 2008 and
    29 May 2009 with effect from 1 October 2009
  of
  INTERCONTINENTAL
    HOTELS GROUP
    PLC1
  (the
    Company)
   Preliminary
      Auditors
  Company Communications Provisions
  in writing
  London Stock Exchange
  month
  Office
  Operator
      1
 1




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Operator-instruction
  paid
  participating security
  Register
  Regulations
  relevant system
  Seal
  Securities Seal
  Statutes
  these Articles
  Transfer Office
  United Kingdom
  UK Listing Authority
  year
  address and/or
  Companies Acts
  hard copy form electronic form electronic
    means
  debenture debenture holder
  Director
  Group
  moneys borrowed
 2




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paid-up
               3




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officer
  recognised clearing house recognised investment exchange
  Secretary
  share capital and consolidated
    reserves
     4




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and/or
          relevant
    balance sheet
        shareholders meeting General Meeting Annual
    General Meeting
  paid-up share shareholder
   5




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Ordinary
    and Redeemable Shares
  3
    Ordinary
    Shares    3.1
    Income    3.2
    Capital    3.3
    Voting
    at General Meetings   6




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4
    Redeemable
    Shares    Variation
    of Rights
  5
    Manner of
    variation of rights    mutatis mutandis
    6
    Matters
    not constituting variation of rights  pari passu
  7
    Article
    deleted by Special Resolution passed on 29 May 2009 with
    effect from 1 October 2009  8
    Article
    deleted by Special Resolution passed on 29 May 2009 with
    effect from 1 October 2009 7




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9
    Proceeds
    of consolidation and subdivision  and/or
  10
    Article
    deleted by Special Resolution passed on 29 May 2009 with
    effect from 1 October 2009  11
    Reduction
    of capital  Scheme
  Shares
  12
    Shares
    and special rights    13
    Directors
    power to allot securities and to sell treasury shares   8




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Allotment Period
  rights issue
  Section 80 Amount
 9




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Section 89 Amount
    14
    Commission
    on issue of shares    15
    Renunciation
    of allotment          16
    Trust
    etc. interests not recognised   10




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Evidence
    of Title to Securities
    Share
    Certificates
  18
    Issue of
    share certificate  and/or
  19
    Joint
    holder    20
    Timing of
    issue of share certificate    21
    Balance
    certificate   11




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22
    Replacement
    of share certificates          Calls on
    Shares
  23
    Power to
    make calls    24
    Liability
    for calls    25
    Interest
    on overdue amounts   12




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26
    Other
    sums due on shares    27
    Power to
    differentiate between holders    28
    Payment
    of calls in advance  pro tanto
  Forfeiture
    and Lien
  29
    Notice on
    failure to pay a call      30
    Forfeiture
    for non-compliance   13




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31
    Disposal
    of forfeited share    32
    Holder to
    remain liable despite forfeiture    33
    Lien on
    partly-paid shares    34
    Sale of
    shares subject to lien    35
    Proceeds
    of sale of shares subject to lien   14




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36
    Evidence
    of forfeiture    Transfer
    of Shares
  37
    Form of
    transfer      38
    Article
    deleted by Special Resolution passed on 29 May 2009 with
    effect from 1 October 2009  39
    Right to
    refuse registration         15




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40
    Instruments
    of transfer    41
    No fee on
    registration    42
    Destruction
    of documents       16




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43
    Further
    provisions on shares in uncertificated form           17




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Transmission
    of Shares
  44
    Persons
    entitled on death    45
    Election
    by persons entitled by transmission    46
    Rights of
    persons entitled by transmission    Untraced
    Shareholders
  47
    Untraced
    shareholders     18




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48
    Executor
    and proceeds    General
    Meetings
  49
    Annual
    General Meetings    50
    Convening
    of General Meetings    Notice of
    General Meetings
  51
    Notice of
    General Meetings     19




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52
    Contents
    of notice of General Meetings                Overflow
    of General Meetings
  Principal Place
 20




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Proceedings
    at General Meetings
  56
    Chairman    57
    Quorum    58
    Lack of
    quorum   21




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59
    Adjournment  sine
    die sine
    die sine die
  60
    Notice of
    adjourned meeting    61
    Amendments
    to resolutions    62
    Polls            63
    Demand
    for poll   22




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64
    Voting on
    a poll    65
    Chairmans
    casting vote    66
    Timing of
    poll    Votes of
    Members
  67
    Votes
    attaching to shares        68
    Votes of
    joint holders   23




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69
    Voting
    by guardian    70
    Restrictions on voting if holding unpaid shares    71
    Restrictions
    on voting in particular circumstances          direction notice
     24




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25




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sub-paragraph
    72
    Validity
    and result of vote            Proxies
  73
    Appointment
    of proxies      73A Multiple
    proxies
    74
    Form of
    proxy     26




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75
    Deposit
    of form of proxy              and/or and/or
   27




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76 Differing
    proxy appointments
    77
    Rights of
    proxy      78
    Termination
    of proxys authority           28




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Corporations
    Acting by Representatives
    Directors
  80
    Number of
    Directors  and/or
  81
    Share
    qualification    82
    Directors
    fees    83
    Other
    remuneration of Directors    84
    Directors
    expenses   29




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85
    Directors
    pensions and other benefits  ex-Director
  86
    Article
    deleted by Special Resolution passed on 30 May 2007 with
    effect from 1 October 2008  87
    Appointment
    of executive Directors        88
    Powers of
    executive Directors    Appointment
    and Retirement of Directors
  89
    Election
    or appointment of additional director   30




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90
    Vacation
    of office              co-Directors ipso
    facto
  91
    Retirement
    by rotation at Annual General Meetings      92
    Re-election
    of retiring Director     31




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93
    Election
    of two or more Directors    94
    Nomination
    of Directors for election        95
    Power to
    remove a Director   32




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96
    Article
    deleted by Special Resolution passed on 30 May
    2008  97
    Article
    deleted by Special Resolution passed on 1 June
    2007  Alternate
    Directors
      mutatis
    mutandis
  mutatis mutandis
 33




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Meetings
    and Proceedings of Directors
  102
    Governing
    of meetings of Directors    Communication
    103
    Quorum   34




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104
    Casting
    vote    105
    Authorisation
    of Directors interests  2
      Interested
    Directors
          105A
    Directors
    Permitted Interests        2
 35




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Relevant
    Company
           36




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106
    Restrictions
    on quorum and voting                sub-underwriting
         37




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106A
    Confidential
    information           38




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107
    Directors
    interests  general        and/or
    and/or
    108
    Number of
    Directors below minimum    109
    Chairman  and/or and/or
  and/or and/or
 39




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110
    Directors
    written resolutions            111
    Appointment
    and constitution of committees  sub-delegate sub-committees sub-committee sub-committee, sub-committee. sub-committee sub-committee sub-committee.
  sub-committee mutatis
    mutandis
  sub-committee, sub-committee, sub-committee
 40




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Borrowing
    Powers
  112
    Borrowing
    powers    113
    Borrowing
    restrictions      General
    Powers of Directors
  114
    General
    powers    114A
    Name   41




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115
    Local
    boards  sub-delegate,
  116
    Appointment
    of attorney  sub-delegate
  117
    Register
    of members in territories    118
    Signature
    on cheques etc.    118A
    Provision
    for employees on cessation of business   42




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President
    Departmental,
    Divisional or Local Directors
    Secretary
  and/or
  The
    Seal
     43




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Record
    Date
  record
    date inter se
  Authentication
    of Documents
    Reserves
   44




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Dividends
  128
    Final
    dividends    129
    Fixed and
    interim dividends  pari
    passu
  130
    Ranking
    of shares for dividends    131
    No
    dividend except out of profits    132
    Treatment
    of dividend   45




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133
    No
    interest on dividends    134
    Retention
    of dividends          135
    Waiver of
    dividends    136
    Unclaimed
    dividends    137
    Distribution
    in specie  paid-up
 46




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138
    Manner of
    payment of dividends        139
    Joint
    holders    140
    Record
    date for dividends  inter
    se
 47




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Capitalisation
    of Profits and Shares
    142
    Scrip
    dividends         48




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elected Ordinary Shares
  pari passu
  mutatis
    mutandis
  and/or and/or
      Minutes
   49




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Accounts
  144
    Accounting
    records    145
    Copies of
    accounts for members      Auditors
  146
    Validity
    of Auditors acts    147
    Auditors
    rights to attend General Meetings   50




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Communications
    with Members
  148
    Service
    of notices etc.        and/or
  and/or
        149
    Joint
    holders   51




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150
    Deceased
    and bankrupt members              151
    Overseas
    members    152
    Suspension
    of postal services   52




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153
    Statutory
    provisions as to notices  Articles 148-155
  154
    Signature
    or authentication of documents sent by electronic
    means    155
    Article
    deleted by Special Resolution passed on 1 June
    2007  Winding
    up
  156
    Directors
    powers to petition    157
    Distribution
    of assets in specie  in specie
 53




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Directors
    liabilities
  158
    Indemnity    and/or and/or
      and/or and/or and/or
        Associated
    Company
  158A
    Insurance       54




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and/or and/or and/or
  Relevant Company
          158B
    Defence
    expenditure                 55




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Associated
    Company
  Overriding
    Provisions
  159
    Overriding
    provisions      Disqualified Person
  Relevant Shares
  Required Disposal
        and/or
   56




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Disposal Notice
     57




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58




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Index
  Article No.

Page No.Accounts

144-145

51Auditors

146-147

51-52Authentication of Documents

126

45Borrowing Powers

112-113

42Capitalisation of Profits and Shares

141-142

49-50Communications with Members

148-155

52-54Corporations Acting by Representatives

79

30Directors

80-88

30-32Alternate

98-101

34-35Appointment and Retirement of

89-97

32-34Departmental, Divisional or Local

120

44General Powers of

114-118A

42-44Meetings and Proceedings of

102-111

35-42Dividends

128-140

46-48Evidence of Title to Securities

17

12Forfeiture and Lien

29-36

15-16General Meetings

49-50

21Notice of

51-52

21-22Overflow of

53-55

22Proceedings at

56-66

23-25Directors liabilities

158-158B

55-57Minutes

143

50-51Ordinary and Redeemable Shares

3-4

6-7Overriding Provisions

159

57-60Preliminary

1-2

1-6President

119

44Proceeds of consolidation and subdivision

9

9Proxies

73-78

28-30Record Date

125

45Reduction of Capital

11

10Reserves

127

45-46 59




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Article No.

Page No.The Seal

122-124

44-45Secretary

121

44Share Certificates

18-22

12-13Shares

12-16

10-12Calls on

23-28

13-14Transfer of

37-43

16-19Transmission of

44-46

19-20Untraced Shareholders

47-48

20-21Variation of Rights

5-6

8Votes of Members

67-72

25-28Winding Up

156-157

54  60