DRII Diamond Resorts International, Inc.

Diamond Resorts International, Inc. announced today the closing of its previously announced initial public offering of an aggregate of 17,825,000 shares of common stock at the initial public offering price of $14.00 per share. In the offering, the company sold 16,100,000 shares of common stock, and a selling stockholder sold 1,725,000 shares of common stock, which includes 2,100,000 shares issued and sold by the company and 225,000 shares sold by the selling stockholder as a result of the full exercise by the underwriters of their over-allotment option. The net proceeds to the company were $210,185,500 before deducting offering expenses payable by the company. The shares began trading on the New York Stock Exchange under the symbol “DRII” on July 19, 2013.

Credit Suisse, BofA Merrill Lynch, J.P. Morgan and Guggenheim Securities acted as joint book-running managers, and Cantor Fitzgerald & Co. acted as co-manager.

The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Diamond Resorts International®

Diamond Resorts International® is a global leader in the hospitality and vacation ownership industry, with an ownership base of more than 490,000 owner-families and a worldwide network of 296 vacation destinations located in 32 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa.

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