Laura P. Hamilton Vice President, Investor Relations (203) 965-5114 CUC INTERNATIONAL INC. ANNOUNCES THREE-FOR-TWO STOCK SPLIT Stamford, CT -- September 26, 1996 -- CUC International Inc. (NYSE: CU) announced today that its Board of Directors has declared a three-for-two stock split, in the nature of a stock dividend, payable to stockholders of record on October 7, 1996. The distribution of this stock dividend is expected to be made on approximately October 21, 1996. Walter A. Forbes, chairman and chief executive officer of CUC International, commented, "The stock split reflects the continued strong growth of the company. This is CUC's seventh stock split in the past eleven years. We are extremely proud of our track record of providing high returns to our shareholders." "We believe that CUC will continue to experience solid growth," Mr. Forbes continued. "CUC has grown from providing consumer services to 100,000 members in 1983, the year we went public, to servicing more than 62.5 million members today. We remain excited about the company's international, domestic, and interactive growth opportunities." CUC International Inc. (NYSE:CU) is a leading technology- driven, membership services company that provides more than 62.5 million consumers with access to a variety of services, including home shopping, travel, insurance, auto, dining, home improvement, lifestyle clubs, checking account enhancements and discount coupon programs. # # #