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<SEC-DOCUMENT>0001157523-10-002255.txt : 20100423
<SEC-HEADER>0001157523-10-002255.hdr.sgml : 20100423
<ACCEPTANCE-DATETIME>20100423082116
ACCESSION NUMBER:		0001157523-10-002255
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100423
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100423
DATE AS OF CHANGE:		20100423

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VIAD CORP
		CENTRAL INDEX KEY:			0000884219
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				361169950
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11015
		FILM NUMBER:		10765840

	BUSINESS ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4545
		BUSINESS PHONE:		(602) 207-4000

	MAIL ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4545

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAL CORP /DE/
		DATE OF NAME CHANGE:	19930823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW DIAL CORP
		DATE OF NAME CHANGE:	19921106
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6261390.htm
<DESCRIPTION>VIAD CORP 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><br><font style="font-size: 11pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><b>Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of 1934</b></font><br><br><br><font style="font-size: 11pt; font-family: Times New Roman"><b>April
      23, 2010</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt">Date
      of Report (Date of earliest event reported)</font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman"><b>VIAD
      CORP</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><br>
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt"><b>Delaware</b></font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 34%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>001-11015</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 33%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>36-1169950</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 34%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; width: 50%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1850 North Central Avenue, Suite 800, Phoenix, Arizona</b>
          </p>
        </td>
        <td style="width: 20%">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; width: 30%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>85004-4545</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 50%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 20%">

        </td>
        <td valign="bottom" style="text-align: center; width: 30%; padding-left: 0.0px">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: </font><font style="font-size: 10pt">(602)
      207-4000</font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Check
      the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02&#160;&#160;&#160;&#160;RESULTS OF OPERATIONS AND FINANCIAL CONDITION</b><br>
    </p>
    <p style="text-align: justify">
      On April 23, 2010, Viad Corp (the &#8220;Company&#8221;) issued a press release
      announcing its unaudited financial results for the first quarter of
      2010. A copy of the Company&#8217;s press release is furnished herewith as
      Exhibit 99 and is incorporated by reference herein.
    </p>
    <p style="text-align: justify">
      The information in Item 2.02 of this current report on Form 8-K is being
      furnished and shall not be deemed &#8220;filed&#8221; for the purposes of Section 18
      of the Securities Exchange Act of 1934, as amended, or otherwise subject
      to the liabilities of that Section. The information in Item 2.02 of this
      current report shall not be incorporated by reference into any
      registration statement or other document pursuant to the Securities Act
      of 1933, as amended.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS</b><br>
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>(d) Exhibits<br>
    </p>
    <p>

    </p>
    <p style="text-indent: 60.0px; font-family: Times New Roman; font-size: 10pt">
      99 &#8211; Press Release dated April 23, 2010.<br>
    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>VIAD CORP</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">
          &#160;
        </td>
        <td style="width: 45%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 45%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; width: 50%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            April 23, 2010
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; width: 4%; padding-left: 0.0px">
          By:
        </td>
        <td style="border-bottom: solid black 1.0pt; width: 1%">
          &#160;
        </td>
        <td valign="top" style="text-align: left; border-bottom: solid black 1.0pt; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ G. Michael Latta
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            G. Michael Latta
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President &#8211; Controller
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Chief Accounting Officer and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Authorized Signer)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a6261390ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Viad Corp
      Announces First Quarter Results</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Net
      Loss per Share of $0.15</b></font></i><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font></b>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Loss
      Before Other Items per Share of $0.02</b></font></i>
    </p>
    <p>
      PHOENIX--(BUSINESS WIRE)--April 23, 2010--Viad Corp (NYSE: VVI) today
      announced its first quarter 2010 net loss of $3.0 million, or $0.15 per
      diluted share. Viad&#8217;s loss before other items was $461,000, or $0.02 per
      diluted share, which excludes restructuring charges and the resolution
      of tax matters. This compares to the company&#8217;s prior guidance of a loss
      before other items per share of $0.20 to $0.05 and 2009 first quarter
      income before other items of $0.15 per share.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Revenues of $224.4 million</b> were down $16.6 million from 2009
        (6.9%), reflecting base same-show declines of 10 percent and negative
        show rotation of approximately $8 million, partially offset by
        favorable currency translation of approximately $7 million.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Segment operating income was $199,000 </b>as compared to $6.7
        million in 2009, reflecting lower revenues.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Free cash flow was an inflow of $1.9 million</b> versus an outflow
        of $27.5 million in 2009, reflecting changes in working capital and
        lower capital expenditures.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Cash and cash equivalents were $131.0 million </b>at March 31, 2010.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Debt was $11.6 million</b>, with a <b>debt-to-capital ratio of 2.9%</b>
        at March 31, 2010.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Restructuring charges were $2.1 million </b>pre-tax related to
        continued reorganization activities within the Marketing &amp; Events
        Group.
      </li>
    </ul>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Paul B. Dykstra, chairman, president and chief executive officer, said,
      &#8220;Our results for the 2010 first quarter reflect solid execution against
      our key initiatives to drive productivity and cost structure
      improvements, while maintaining focus on winning market share and
      delivering an excellent customer experience. Although the weak economy
      continues to negatively impact the industries we serve, the declines are
      slowing and we&#8217;re seeing signs of improvement in certain exhibition
      industry sectors and select events. With the improving macro-economic
      environment and the actions we have taken, our business is positioned
      for improved results in 2010 and beyond.&#8221;
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="bottom" colspan="16" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>First Quarter 2010 Business Unit Highlights</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <i>($ in millions)</i>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>Q1 2010</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>Q1 2009</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="6" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          <b>Change</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Revenues:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Marketing &amp; Events Group
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          216.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          236.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (19.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -8.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Travel &amp; Recreation Group
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          7.4
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          4.9
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2.5
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          51.7
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          Total
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          224.4
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          240.9
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (16.6
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -6.9
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Segment operating income (loss):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Marketing &amp; Events Group
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          9.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -71.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Travel &amp; Recreation Group
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2.4
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2.4
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.6
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          Total
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.2
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          6.7
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -97.0
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Segment operating margins:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Marketing &amp; Events Group
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          3.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: right; padding-left: 0.0px">
          (260) bps
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Travel &amp; Recreation Group
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -32.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -49.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: right; padding-left: 0.0px">
          **
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: right; padding-left: 0.0px">
          (270) bps
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="16" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <br>
            <i>** Change is greater than +/- 100 percent for dollar amounts or
            1,000 basis points for margin percentages.</i><br><br>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Note: Calculated amounts presented above (including totals and
            percentages) were calculated using dollars in thousands.</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i><b>Viad&#8217;s Marketing &amp; Events Group</b></i>
    </p>
    <p>
      The expected declines in Marketing &amp; Events Group revenues and operating
      income reflect base same-show revenue declines of 10 percent and
      negative show rotation of approximately $8 million. Foreign exchange
      rate variances resulted in a favorable impact on revenues and operating
      income of approximately $6.1 million and $300,000, respectively, as
      compared to the 2009 first quarter. Excluding exchange rate variances,
      revenues were down $25.2 million, or 10.7 percent, with a $6.8 million
      decline in operating results.
    </p>
    <p>
      Dykstra said, &#8220;Base same-show declines persisted into the first quarter,
      but they were well under the 22.5 percent decline in 2009. In response
      to revenue pressures, our Marketing &amp; Events Group remains focused on
      executing against the key initiatives we commenced during 2009. Our
      ongoing Lean initiatives are delivering sustainable productivity
      improvements and customer service enhancements, and we continue to drive
      down overhead costs through the rationalization of facilities and other
      consolidation activities.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>Viad&#8217;s Travel &amp; Recreation Group</b></i>
    </p>
    <p>
      Travel &amp; Recreation Group revenues and operating results during this
      segment&#8217;s seasonally slow first quarter were better than the company&#8217;s
      prior guidance, driven primarily by stronger than expected
      transportation business during the 2010 Winter Olympic and Paralympic
      Games in Vancouver. Foreign exchange rate variances resulted in both
      higher revenues (approximately $1.2 million) and a larger operating loss
      (approximately $160,000) as compared to the 2009 first quarter.
      Excluding exchange rate variances, revenues were up $1.4 million with a
      $174,000 improvement in operating results.
    </p>
    <p>
      <b>2010 Outlook</b>
    </p>
    <p>
      Guidance provided by Viad is subject to change as a variety of factors
      can affect actual results. Those factors are identified in the safe
      harbor language at the end of this press release.
    </p>
    <p>
      Dykstra said, &#8220;The exhibition industry tends to lag the broader economy
      and visibility over future revenues remains difficult. Although we
      anticipate continued pressures on trade show and retail marketing
      spending, we also expect improved profitability in 2010 as a result of
      our aggressive and ongoing efforts to reduce costs and drive efficiency
      gains. Our results during the first quarter got the year off to a solid
      start and we are on track to realize our targeted overhead cost savings
      of $10 million versus 2009.
    </p>
    <p>
      &#8220;Going forward, we will remain focused on delivering the best results
      possible by capitalizing on the market opportunities that exist,
      continuing to drive down costs, and delivering high-quality customer
      service. Viad is fortunate to have industry-leading brands and
      capabilities, talented and dedicated employees and a strong balance
      sheet. These assets, along with continued investment in our businesses,
      give us advantages relative to many of our competitors.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>2010 Full Year Guidance</b>
    </p>
    <p>
      <i><b>Marketing &amp; Events Group (Global Experience Specialists and
      affiliates)</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Total revenues</b> are expected to remain relatively flat to 2009
        revenues, with positive show rotation and new business wins offsetting
        same-show declines.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Same-show revenues </b>are expected to decline by approximately 10
        percent, driven by continued year-on-year decreases in exhibitor
        spending on trade show activity.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Show rotation</b> is expected to positively impact full year
        revenues by $20 million to $25 million.

        <ul>
          <li style="margin-bottom: 10.0px">
            <i>First quarter</i> show rotation negatively impacted revenues by
            roughly $8 million.
          </li>
          <li style="margin-bottom: 10.0px">
            <i>Second quarter</i> show rotation is not expected to have a
            meaningful impact on revenues.
          </li>
          <li style="margin-bottom: 10.0px">
            <i>Third quarter</i> show rotation is expected to positively
            impact revenues by roughly $35 million.
          </li>
          <li style="margin-bottom: 10.0px">
            <i>Fourth quarter</i> show rotation is expected to negatively
            impact revenues by roughly $5 million.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Brand marketer and retail client spending</b> on experiential
        marketing services (including exhibits, events, mobile marketing
        tours, permanent installations and retail environments) is expected to
        remain under pressure, reflecting constrained marketing budgets due to
        continued weak consumer spending.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Variable cost savings </b>from Lean initiatives are expected to
        approximate $10 million. Viad expects this savings to offset general
        market pressures on margins.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Overhead cost savings</b> relating to the reorganization activities
        are expected to be partially offset by accruals for performance-based
        incentives during 2010 (performance-based incentives were
        insignificant in 2009) and 2009 savings from contingency-related
        furloughs that are not expected to repeat in 2010, for a net savings
        of approximately $10 million versus 2009.
      </li>
    </ul>
    <p>
      <i><b>Travel &amp; Recreation Group</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Park visitation</b> is expected to improve in Glacier National Park
        as a result of its Centennial Anniversary; however, visitation to
        Banff and Jasper National Parks is expected to decrease slightly due
        to lingering recessionary pressures on global tourism.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Room occupancy</b> is expected to increase by a low single-digit
        rate at Glacier Park&#8217;s properties (due to the Park&#8217;s Centennial
        Anniversary) and hold relatively constant at Brewster&#8217;s Mount Royal
        Hotel as compared to 2009. Revenue per available room is expected to
        increase slightly.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Passenger volumes</b> at Brewster&#8217;s attractions are expected to
        decline at a single-digit rate from 2009. Planned price increases are
        expected to partially offset the volume declines.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Transportation revenue</b> is expected to increase slightly as a
        result of motorcoach revenue related to the Vancouver Olympic Games,
        partially offset by general market weakness.
      </li>
    </ul>
    <p>
      <i><b>Corporate &amp; Other</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Corporate activities</b> expense is expected to increase by
        approximately $1 million from 2009, reflecting the reversal of
        long-term performance-based incentives in 2009.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Exchange rates</b> for the remainder of 2010 are assumed to
        approximate $0.97 U.S. dollars per Canadian dollar and $1.53 U.S.
        dollars per British pound. Currency translation is expected to have a
        slight positive impact on income per share.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Net interest expense </b>is expected to be approximately $0.02 per
        share higher than 2009.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Restructuring charges</b> (not included in guidance) were $0.06 per
        share in the first quarter. Additional charges may arise as the
        company continues to reduce its cost structure.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>The effective tax rate</b> on income before other items is assumed
        to be 39 percent, as compared to the 2009 effective tax rate on income
        before other items of 42.3 percent.
      </li>
    </ul>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>2010 Second Quarter Guidance</b>
    </p>
    <p>
      For the second quarter, Viad&#8217;s per share results before other items are
      expected to be in the range of a loss of $0.05 per share to income of
      $0.10 per share, as compared to second quarter 2009 income before other
      items of $0.28 per share. Revenue is expected to be in the range of $195
      million to $210 million as compared to $213.6 million in the 2009 second
      quarter. Segment operating income is expected to be in the range of
      $500,000 to $5.5 million as compared to income of $9.8 million in 2009.
      The declines from 2009 are expected to be driven primarily by reduced
      spending by existing brand marketer clients and continued same-show
      declines, as well as higher expense related to performance-based
      incentives and corporate costs.
    </p>
    <p>
      Implicit within this guidance are the following group revenue and
      operating income expectations.
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>($ in millions)</i>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="9" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Group Revenue</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="10" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Group</b><br>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Operating Income (Loss)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>Low End</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>High End</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>Low End</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>High End</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Marketing &amp; Events Group
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          175.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          to
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          190.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (1.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          to
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          3.0
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Travel &amp; Recreation Group
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          18.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          to
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          22.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          to
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          3.0
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Conference Call and Web Cast</b>
    </p>
    <p>
      Viad Corp will hold a conference call with investors and analysts for a
      review of first quarter 2010 results on Friday, April 23, 2010 at 9 a.m.
      (ET). To join the live conference, call (800) 857-5472, passcode &#8220;Viad,&#8221;
      or access the webcast through Viad&#8217;s Web site at <u>www.viad.com</u>.
      A replay will be available for a limited time at (800) 839-8270 (no
      passcode required) or visit the Viad Web site and link to a replay of
      the webcast.
    </p>
    <p>
      Viad is an S&amp;P SmallCap 600 company. Viad operates through its Marketing
      &amp; Events Group, comprised of Global Experience Specialists (formerly GES
      Exposition Services, Exhibitgroup/Giltspur and Becker Group) and
      affiliates, and its Travel &amp; Recreation Group, comprised of Brewster and
      Glacier Park, Inc. For more information, visit the company's Web site at <u>www.viad.com</u>.
    </p>
    <p>
      <i><b>Forward-Looking Statements</b></i>
    </p>
    <p>
      <i>As provided by the safe harbor provision under the &#8220;Private
      Securities Litigation Reform Act of 1995,&#8221; Viad cautions readers that,
      in addition to historical information contained herein, this press
      release includes certain information, assumptions and discussions that
      may constitute forward-looking statements. These forward-looking
      statements are not historical facts, but reflect current estimates,
      projections, expectations, or trends concerning future growth, operating
      cash flows, availability of short-term borrowings, consumer demand, new
      business, investment policies, productivity improvements, ongoing cost
      reduction efforts, efficiency, competitiveness, legal expenses, tax
      rates and other tax matters, foreign exchange rates, and the realization
      of restructuring cost savings. Actual results could differ materially
      from those discussed in the forward-looking statements. Viad&#8217;s
      businesses can be affected by a host of risks and uncertainties. Among
      other things, natural disasters, gains and losses of customers, consumer
      demand patterns, labor relations, purchasing decisions related to
      customer demand for exhibition and event services, existing and new
      competition, industry alliances, consolidation and growth patterns
      within the industries in which Viad competes, acquisitions, adverse
      developments in liabilities associated with discontinued operations and
      any deterioration in the economy, may individually or in combination
      impact future results. In addition to factors mentioned elsewhere,
      economic, competitive, governmental, technological, capital marketplace
      and other factors, including further terrorist activities or war, a
      pandemic health crisis and international conditions, could affect the
      forward-looking statements in this press release. Additional information
      concerning business and other risk factors that could cause actual
      results to materially differ from those in the forward-looking
      statements can be found in Viad&#8217;s annual and quarterly reports filed
      with the Securities and Exchange Commission.</i>
    </p>
    <p>
      <i>Information about Viad Corp obtained from sources other than the
      company may be out-of-date or incorrect. Please rely only on company
      press releases, SEC filings and other information provided by the
      company,<b> </b>keeping in mind that forward-looking statements speak
      only as of the date made. Viad undertakes no obligation to update any
      forward-looking statements, including prior forward-looking statements,
      to reflect events or circumstances arising after the date as of which
      the forward-looking statements were made.</i>
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="bottom" colspan="16" style="text-align: center; padding-left: 0.0px">
          <b>VIAD CORP AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="16" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>TABLE ONE - QUARTERLY RESULTS</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="16" style="text-align: center; padding-left: 0.0px">
          <b>(UNAUDITED)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="14" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          Three months ended March 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          (000 omitted, except per share data)
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2009
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $ Change
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            % Change
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <b>Revenues</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>224,353</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>240,949</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(16,596</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>-6.9</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <b>Segment operating income</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>199</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>6,667</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(6,468</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>-97.0</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Corporate activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (644
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (1,503
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          859
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          57.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Restructuring charges (Note A)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2,053
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2,732
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          679
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          24.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Net interest expense
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (397
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (159
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (238
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2,895
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2,273
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (5,168
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Income tax expense (Note B)
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (208
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (901
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          693
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          76.9
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net income (loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (3,103
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,372
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (4,475
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Net loss attributable to noncontrolling interest
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          121
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          131
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (10
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -7.6
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <b>Net income (loss) attributable to Viad</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(2,982</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>1,503</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(4,485</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Diluted income (loss) per common share:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Net income (loss) attributable to Viad common shareholders</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.15</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>0.07</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.22</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Basic income (loss) per common share:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Net income (loss) attributable to Viad common shareholders</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.15</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>0.07</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.22</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Common shares treated as outstanding for income per share
            calculations:
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Weighted-average outstanding shares
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          20,051
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          19,893
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          158
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.8
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Weighted-average outstanding and potentially dilutive shares
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          20,051
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          20,139
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (88
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -0.4
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          ** Change is greater than +/- 100 percent.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          (A)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Restructuring Charges &#8212; In the first quarters of 2010 and 2009,
            Viad recorded restructuring charges of $2.1 million ($1.2 million
            after-tax) and $2.7 million ($1.7 million after-tax),
            respectively. The charges related to reorganization activities in
            the Marketing &amp; Events Group, primarily comprised of the
            elimination of certain positions as well as facility
            consolidations.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          (B)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Income Taxes &#8212; Income taxes for the first quarter of 2010 include
            the resolution of tax matters of $1.3 million resulting from a tax
            adjustment due to recently enacted health care legislation.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="bottom" colspan="17" style="text-align: center; padding-left: 0.0px">
          <b>VIAD CORP AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="17" style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>TABLE TWO - INCOME BEFORE OTHER ITEMS,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="17" style="text-align: center; padding-left: 0.0px">
          <b>ADJUSTED EBITDA AND FREE CASH FLOW</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="17" style="text-align: center; padding-left: 0.0px">
          <b>(UNAUDITED)</b>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="14" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Three months ended March 31,
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          (000 omitted)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2010
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2009
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $ Change
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            % Change
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (loss) before other items (Note A):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Net income (loss) attributable to Viad
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2,982
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (4,485
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Restructuring charges, net of tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,242
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (457
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -26.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Resolution of tax matters (Note B)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,279
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,279
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <b>Income (loss) before other items</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(461</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>3,202</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(3,663</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          (per diluted share)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (loss) before other items:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Net income (loss) attributable to Viad
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (0.15
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.07
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (0.22
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Restructuring charges, net of tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.08
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (0.02
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -25.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Resolution of tax matters
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.07
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.07
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <b>Income (loss) before other items</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.02</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>0.15</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(0.17</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="14" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          Three months ended March 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          (000 omitted)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2009
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $ Change
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          % Change
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adjusted EBITDA (Note A):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Net income (loss) attributable to Viad
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (2,982
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          1,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (4,485
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          420
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          73
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -17.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          208
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          901
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (693
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          76.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          6,804
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          6,365
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          439
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          -6.9
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          <b>Adjusted EBITDA</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>4,523</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>9,189</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(4,666</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>-50.8</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="14" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          Three months ended March 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          (000 omitted)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2009
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="3" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $ Change
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          % Change
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Free Cash Flow (Outflow) (Note A):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Net cash provided by (used in) operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          7,748
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (16,039
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          23,787
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; padding-left: 0.0px">
          **
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Less:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 20.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Capital expenditures
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (5,030
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (10,604
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          5,574
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          52.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dividends paid
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (822
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          (824
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          2
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          0.2
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 20.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Free cash flow (outflow)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>1,896</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>(27,467</b>
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap">
          <b>29,363</b>
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="text-align: center; border-bottom: double black 2.25pt; padding-left: 0.0px">
          <b>**</b>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          ** Change is greater than +/- 100 percent.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          (A)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" rowspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Income before other items, Adjusted EBITDA and Free Cash Flow are
            supplemental to results presented under accounting principles
            generally accepted in the United States of America (&#8220;GAAP&#8221;) and
            may not be comparable to similarly titled measures presented by
            other companies. These non-GAAP measures are used by management to
            facilitate period-to-period comparisons and analysis of Viad&#8217;s
            operating performance and liquidity. Management believes these
            non-GAAP measures are useful to investors in trending, analyzing
            and benchmarking the performance and value of Viad&#8217;s business.
            These non-GAAP measures should be considered in addition to, but
            not as a substitute for, other similar measures reported in
            accordance with GAAP.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
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          (B)
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          Results from a tax adjustment due to recently enacted health care
          legislation.
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    </p>
    <p>
      CONTACT:<br><b>Viad Corp</b><br>Carrie Long, <i>Investor Relations</i><br>602-207-2681<br><u>clong@viad.com</u>
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