(Press Release)

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BROOMFIELD, Colo. – May 7, 2013 – Vail Resorts, Inc. (NYSE: MTN) today announced an epic partnership with the one of the most famous ski regions in the world, Arlberg, Austria, home to legendary mountain resorts of St. Anton, Lech-Zürs, St. Christoph andStuben. The Epic Pass now features five free consecutive days of skiing and riding in Arlberg, bringing the total access to 15 world-class mountains in three countries and further enhancing the already exceptional value of the world’s greatest ski pass. At only $689, the Epic Pass is the best value on a lift pass in the industry. Epic Pass holders have the opportunity to extend their winter from the U.S. to Europe—for the second consecutive year—and experience both Verbier, Switzerland, and now Arlberg, Austria, in addition to Vail, Beaver Creek, Breckenridge, Keystone, Arapahoe Basin and Eldora in Colorado, and Heavenly, Northstar and Kirkwood in Lake Tahoe. Boasting an average annual snowfall of 23 feet, the Arlberg area is legendary among skiers and riders from around the globe as the cradle of skiing, revered for the world-class experience and innovation in the sport that it affords while maintaining its traditional, Alpine character.

“We are pleased and proud to announce our partnership with Arlberg as Epic Pass holders can now ski the best resorts in the world in three countries on one pass. Vail Resorts continues to look for opportunities to enhance the incredible value of the Epic Pass that our guests already receive and enjoy. In March, we announced that we increased the number of free days of access to Verbier, Switzerland, from three to five for the 2013-2014 season and we added, Eldora, a local Colorado ski area to the Epic Pass,” said Kirsten Lynch, executive vice president and chief marketing officer of Vail Resorts. “Epic Pass holders already enjoy an incredible experience with unlimited, unrestricted access to Vail Resorts’ seven world-class resorts in the United States, including Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar and Kirkwood, as well as Arapahoe Basin and now Eldora, but the addition of world-class skiing in both Austria and Switzerland makes the Epic Pass even more compelling for our guests looking to take a ski vacation to Europe.”

Boasting 174 miles of marked ski runs, 112 miles of open free riding terrain, 94 gondolas and lifts, and approximately 23 feet of annual snowfall, The Arlberg is arguably Austria’s most popular mountain resort group. Modern and vibrant, St. Anton am Arlberg also maintains its traditional Tyrolean charm. The Arlberg ski area will be open from Dec. 6, 2013 – Apr. 27, 2014.

“Arlberg and Vail Resorts are arguably the world’s premier ski resorts, offering exceptional experiences on the mountain and an unparalleled level of customer service,” said Hermann Fercher, chief executive officer of Lech-Zürs. “We are looking forward to a successful partnership and welcome Epic Pass holders to Austria next winter”, chief executive officer of St. Anton am Arlberg, Martin Ebster, went on to say.

Skiers and riders can lock in the lowest guaranteed prices for only $49 down on next season by purchasing their passes before May 27, 2013. The following is a guide to help skiers and snowboarders choose the best season pass options for them, based on how much they plan to ski and ride. All passes are available for purchase at www.epicpass.com.

Take Multiple Ski Vacations in the United States and Europe Throughout the Winter Season for a Great Value
The Epic Pass™: Ski as much as you want, whenever you want at $689 for adults and $359 for children (ages 5-12). The Epic Pass provides unlimited skiing or riding at nine resorts including Vail, Beaver Creek, Breckenridge, Keystone, Arapahoe Basin and now Eldora in Colorado and Heavenly, Northstar and Kirkwood in Lake Tahoe. New this year, the Epic Pass also comes with five free days of skiing or riding at the renowned Verbier Resort in Switzerland and an additional five free days of skiing and riding in Arlberg, Austria. No restrictions. At this spring rate, the Epic Pass pays for itself in just over five days.

The Epic Local Pass™: Perfect for people who can navigate a few more restrictions on their winter vacation. The Epic Local Pass at $529 for adults and $269 for children (ages 5-12) offers unlimited and unrestricted skiing at Breckenridge, Keystone and Arapahoe Basin with limited restrictions at Heavenly, Northstar and Kirkwood. The Epic Local Pass also includes 10 days at Vail and Beaver Creek with holiday restrictions. At this spring rate, the Epic Local Pass pays for itself in just over four days.

Ski or Snowboard Any Day of the Season for a Great Value
Vail Resorts also offers options for guests who don’t plan to ski or ride more than seven days next winter:

New this year, The Epic 4-Day™: Perfect for people who only plan to take one ski vacation. The Epic 4-Day at $349 for adults and $199 for children (ages 5-12) offers four unrestricted lift tickets for skiing and riding at Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar, Kirkwood and Arapahoe Basin. At the spring rate, the Epic 4-Day pays for itself in less than three days.

Epic 7-Day™: Perfect for people who don’t plan to ski more than seven days. The Epic 7-Day gives skiers and snowboarders a total of seven unrestricted days of skiing at Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar and Kirkwood, plus Arapahoe Basin, anytime during the season at $529 for adults and $269 for children (ages 5-12). At this spring rate, the Epic 7-Day pays for itself in just over four days.

Pay $49 Down Now and Lock in the Lowest Price Available

Vail Resorts is making it as easy as possible for guests to lock in the lowest guaranteed pass prices with a $49 down payment now and the remaining balance due in mid-September 2013. The lowest guaranteed 2013-2014 season pass prices with the option to put $49 down are only available through May 27, 2013.

Season Pass Insurance Option: Protect Your Pass Investment in the Event of Unexpected Circumstances
Vail Resorts encourages guests to purchase pass insurance. All of the Company’s season pass products are non-refundable and non-transferrable; however, pass insurance covers pass holders in the event of unexpected circumstances including sickness, injury and job loss. Pass insurance is $20 for adults and $10 for children (ages 5-12). Coverage applies for all season passes and the Epic 7-Day and Epic 4-Day valid for the 2013-2014 ski season.

Prices on Vail Resorts season passes are guaranteed for a limited time only, so act now. For more information or to purchase your pass, visit www.epicpass.com.