Schedule 13G Filing by Tenor Capital Management

Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah have jointly filed a Schedule 13G, reporting beneficial ownership of 5.4% of ITHAX Acquisition Corp III's Class A ordinary shares. The shares are held in units, each consisting of one Class A ordinary share and one-half of a redeemable warrant. Tenor Opportunity Master Fund, Ltd. directly holds the units, with Tenor Capital Management Company, L.P. acting as the investment manager. Robin Shah, as the managing member of the general partner of Tenor Capital, is also included in the filing. The reporting persons collectively hold 1,250,000 shares, with shared voting and dispositive power. They have certified that the securities were not acquired or held for the purpose of influencing the control of the issuer.