Category: Press Release

LONDON, Dec. 11, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, has launched an ElectriCity initiative in Milan to provide Nissan LEAF electric vehicles for rent by the hour or day. The Nissan LEAFs can be rented from Hertz Milano Centrale railway station location (Via Cappellini 10), and are bookable online at www.hertz.it.

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IKEA, which hosted the official launch at its Milan – San Giuliano store, has agreed with Hertz to offer a specially discounted rental price for member customers of the IKEA Family. The electric vehicles also have free access to Milan’s ZTL congestion zone (C area), with free parking in pay and display parking spaces marked by blue stripes. The ElectriCity Milan launch follows the success of Hertz’s electric vehicle offerings in other major cities including Rome, Paris, London, New York City and Washington D.C.

Michel Taride, President of Hertz International, said: "Hertz offers electric vehicles in more cities than any other rental company and we are committed to offering eco-friendly mobility solutions for business or holiday journeys. We believe that renting cars such as the Nissan LEAF to city dwellers and visitors can help increase the use of this new technology."

Massimiliano Archiapatti, General Manager of Hertz Italy, added: "Thanks to our partnership with IKEA Family, our joint customers can rent the Nissan LEAFs with a 20% discount and use them to easily shop at the Milan stores in San Giuliano, Carugate and Corsico. They can also re-charge the Nissan LEAF for free at IKEA’s electric vehicle charging stations."

Stefano Brown, Sustainability Manager, Retail, IKEA Group said: "IKEA wants to take a leading role towards a low carbon society by significantly reducing CO2 emissions and adopting new technologies for renewable energy and mobility solutions. Today more than half of the energy used for IKEA buildings is renewable. With this cooperation with Hertz we confirm our commitment to help encourage a new type of mobility by making it available for our IKEA Family customers at a special price."

Bernard Loire, Manager of Nissan Italy, stated: "We’re proud to be involved in this innovative electric mobility project along with Hertz and IKEA, who – like us – have always been committed to developing sustainable solutions that combine nature, people and vehicles."

Alberto Sabatino, Corporate Sales Manager of Nissan Italy, added: "With ElectriCity, Hertz and IKEA customers can experience the innovative driving experience of Nissan’s LEAF. Thanks to its electrical range, customers will be able to drive the Nissan LEAF from Milan to IKEA stores within the Milan urban area."

Nissan LEAF is a highly popular all-electric vehicle and features a 4 star Euro NCAP rating. It comes with a compact electric engine, with 80 kW power and 280 NM torque, powered by a 24 kWh lithium ion laminated battery which guarantees efficiency, great performance and range. While travelling downhill or braking, the special brake system converts the Nissan LEAF’s kinetic energy into electric energy, helping to recharge the battery. A dashboard display indicates the efficiency of the driving. A complete recharge is enough for a distance of 175 km. In addition, with the ECO option drivers can reduce the electric energy consumption, increasing the driving range per recharge.

As the world’s largest airport general-use car-rental brand, Hertz is introducing multiple groups of consumers – urban drivers, university students, travellers and corporations – to all-electric and plug-in hybrid vehicles. As a result, the company is forming partnerships with automakers, charging-station providers, municipalities, non-governmental organizations, corporations and other stakeholders to make EVs easily accessible to consumers.

Hertz plans to increase its global EV presence by deploying vehicles in other countries in the coming months. Hertz Global EV will continue to leverage the company’s rental and car sharing locations as bases for vehicles and charging stations, and tap into its technology – including sophisticated fleet management tools and consumer-facing GPS systems, including Hertz NeverLost in the U.S. – to help form an EV grid.

About Hertz
Hertz operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries.

Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2012/13 U.S. Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com.

Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

About NISSAN
Nissan Motor Co., Ltd., the second largest Japanese car manufacturer by sales, is headquartered in Yokohama (Japan) and is a Renault-Nissan Alliance partner. With over 248.000 employees worldwide, Nissan sold more than 4.8 million vehicles in 2011 generating revenue of 9.4 trillion yen (118.95 billion US dollars). Committed to developing innovative vehicles, Nissan offers a range of 64 models through the Nissan and Infiniti brands. A zero-emissions pioneer, they reached an historical landmark with the introduction of the Nissan LEAF, the first fully electric vehicle for mass market sale at a reasonable price, winning numerous awards, such as Car of the Year 2011 in Europe, Car of the Year 2011-2012 in Japan and World Car of the Year 2011.

For more information on Nissan electric vehicles visit http://www.nissan-zeroemission.com

Further information is available on www.newsroom.nissan-europe.com/it/

CONTACT (Hertz US): Paula Rivera (201) 307-2824 privera@hertz.com

CONTACT (Hertz International): Zoe White +44 1895 553 887 zoewhite@hertz.com

CONTACT (Nissan Italy) Fulvio Ferrari +39 06 90808430 f.ferrari@nissan.it

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Dec. 10, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz Holdings") announced today the sale of an aggregate of 50,000,000 shares of common stock by investment funds associated with Clayton, Dubilier & Rice, LLC, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan, as the sole underwriter in the registered public offering of those shares. The shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings, in accordance with their current ownership interests. Following the offering, these investment funds will continue to beneficially own an aggregate of approximately 110 million shares, or approximately 26% in the aggregate, of Hertz Holdings’ outstanding common stock, calculated on an undiluted basis. The total number of outstanding shares of Hertz Holdings’ common stock will not change as a result of the offering. Hertz Holdings will not receive any proceeds from the offering.

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The last reported sale price of Hertz Holdings’ common stock on December 10, 2012 was $16.21 per share. J.P. Morgan proposes to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by it and subject to its right to reject any order in whole or in part.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free (866) 803-9204.

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 HERTZ HOLDINGS

Hertz Holdings, through its subsidiary The Hertz Corporation ("Hertz," or the "Company"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company‑operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 111 major airports in Europe where we have company‑operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This communication contains "forward-looking statements." Examples of forward-looking statements include information concerning Hertz Holdings’ liquidity and its possible or assumed future results of operations, including descriptions of its business strategy. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that Hertz Holdings has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that Hertz Holdings believes are appropriate in these circumstances. You should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions. Many factors could affect our actual financial results and could cause actual results to differ materially from those expressed in the forward-looking statements.

Among other items, such factors could include: our ability to integrate the car rental operations of Dollar Thrifty Automotive Group, Inc. ("Dollar Thrifty") and the ability to realize operational efficiencies from the acquisition of Dollar Thrifty; the operational and profitability impact of divestitures that we were required to undertake to secure regulatory approval for the acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt, our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Hertz Holdings therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to Hertz Holdings or persons acting on Hertz Holdings’ behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Hertz Holdings undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J., Nov. 30, 2012 /PRNewswire/ —

Event:	Hertz Global Holdings, Inc.’s (NYSE:HTZ) Chairman and Chief Executive Officer Mark Frissora to speak at the 2012 Bank of America Merrill Lynch Leveraged Finance Conference in Florida.
Time/Date:	9:30 am (ET) on Tuesday December 4, 2012
Internet Access:	Hertz’s presentation will be broadcast live through an audio webcast available from the Investor Relations section of Hertz’s website, www.hertz.com/investorrelations. Presentation slides will be available for download at the site and the webcast will be available for replay until December 18, 2012.

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About Hertz
Hertz Global Holdings is the top-level holding company for the consolidated Hertz business that operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. In addition, the Company has sales and marketing centers in 60 countries which promote the Company’s business both within and outside such country. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada, Europe, and Australia. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 340 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 29, 2012 /PRNewswire/ — In a continued focus on technology, the Hertz Corporation (NYSE: HTZ) announced today it has re-launched the Company’s car rental and car sharing websites, to enable all Hertz.com and HertzOnDemand.com users to have a consistent brand and rich user experience regardless of whether they access a site through their personal computer, mobile phone or tablet. As customers increasingly visit Hertz websites while traveling or on-the-go, the importance of a streamlined experience that is responsive to the type of device being used has grown. Hertz is excited to be the first in the rental car and travel industries to implement responsive design technology.

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"Hertz is far ahead of the competition in our quest to provide the most streamlined experience for the variety of devices customers use to rent vehicles," commented Hertz Chairman and Chief Executive Officer, Mark P. Frissora. "We’ve proactively implemented responsive design technology to create a user-friendly experience no matter how customers access Hertz, whether on a PC, touch-screen mobile device, or tablet. In addition, the new technology makes it easy for customers to interact with Hertz while significantly improving our ability to replicate optimal processes, content presentation and design for new booking platforms."

Switching Hertz’s online experience to responsive design technology enables Hertz’s in-house ecommerce team to build and make changes once for multiple devices and platforms. Every device will have the same Hertz functionality while the content will be presented in an environment best suited for the end-users device. The responsive design technology enables Hertz to streamline its mobile strategies and build a foundation to bridge the gap between the desktop and mobile experience. Hertz is also breaking through when it comes to innovation, implementing this overhaul in just three months — typically, this type of project is projected to take at least six months.

"Implementing responsive design technology is a part of Hertz’s commitment to be the fastest, easiest and most valued car rental company in the world, and a leader in innovation," commented Hertz Chief Innovation Officer, Joe Eckroth. "We are committed to innovation that streamlines our customers’ experience as well as our business practices."

Hertz offers its customers the most technologically innovative products and services available that results in the fastest, easiest and most valued rental experience to keep customers "Traveling at the Speed of Hertz." This includes Hertz ‘Carfirmations’, a mobile SMS text and email service that confirms a Hertz Gold Plus Rewards member’s reservation and advises them of their car and location prior to arrival at the Hertz facility; ‘Gold Choice’, which gives Gold members the power to keep the car they reserved or simply choose a different car from the Gold Choice area; and Counter By-Pass and e-Return, which allows customers to bypass counter lines and go directly to their cars and then return their vehicles with the fastest car rental drop-off that includes an email receipt within hours. These are all free services for Hertz Gold Plus Rewards members, which is free to join. In addition, Hertz continues to expand the presence of its ExpressRent Interactive Kiosks that let customers rent a car, with or without a reservation, through a live, face-to-face video kiosk. Finally, Hertz pioneered vehicle-specific reservation capabilities via its Collection series and has the largest fleet of make and model ‘reservable’ cars in the industry.

For more information, visit www.Hertz.com and/or follow Hertz at www.Facebook.com/Hertz and www.Twitter.com/Hertz. Click here to visit the Hertz YouTube page and view the Hertz ExpressRent Kiosk.

About The Hertz Corporation

Hertz operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,400 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine’s readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat’s 2012/13 U.S. Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

SOURCE The Hertz Corporation

LONDON, Nov. 21, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) and Wind Mobile have launched a Mobile Wi-Fi service in Italy for Hertz car rental customers. The move follows the success of Hertz’s Mobile Wi-Fi offerings in the UK, Spain and the Canary Islands, Australia and New Zealand.

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A pocket sized device, Hertz Mobile Wi-Fi enables customers to enjoy fully secure 24/7 internet connectivity anywhere in Italy. Thanks to the mobile network provided by Wind, Hertz customers can browse at high speed (up to 21 Mbps) with unlimited data traffic for downloading and uploading. Customers can connect up to eight devices at the same time, such as smartphones, tablets, notebooks, and mini game consoles.

They can also considerably reduce the cost of calls and texts thanks to some popular and free mobile apps available on Google Play and Apple stores, as well as get all the benefits of an "always on" internet connection during their holiday or business trip. Hertz Mobile Wi-Fi is easily rechargeable in the car by USB and also through a mobile charger provided at the time of rental.

The Hertz Mobile Wi-Fi service is currently available from the Hertz locations in Rome Fiumicino, Milan Malpensa, Bergamo Airport, Pisa Airport and Catania Airport. In the next few months, the device will also be available for rental in other Italian locations and airports. For the first 7 days, the unit rental is 8 euros a day (plus VAT and airport taxes), for a maximum charge of 56 euros (plus VAT and airport taxes).

Further information about Mobile Wi-Fi in Italy can be obtained from www.hertz.it.

About Hertz

Hertz is the world’s largest general use car rental company, operating from over 8,650 corporate locations in 150 countries worldwide. Hertz is in its 93rd year of delivering quality car rental solutions to leisure and corporate customers. Product and service innovations such as Hertz #1 Club Gold, Worldwide Online Check-in, specially designed NeverLost® satellite navigation systems, and unique cars offered through the company’s Prestige, Family, Fun/Adrenaline and Green Collections, set Hertz apart from the competition. For more information please go to www.hertz.it

Hertz Press Contacts
Alexis Darby Ketchum Pleon T: +44 (0) 20 7611 3764 E: alexis.darby@ketchumpleon.com	Luke Campbell Ketchum Pleon T: +44 (0) 207 611 3735 E: luke.campbell@ketchumpleon.com

About Wind

Wind is one of the few European telephone service providers offering integrated mobile, landline and Internet services. In Italy, it’s the third largest mobile network operator with 21.2 million customers (data updated on 30th June 2012) and the largest alternative operator in the landline market, with 3.19 million customers using its telephone service and 2.24 million using its broadband services.

For more information www.windgroup.it

Wind Press Contacts
Marcella Voza Wind Group T: +39 06 83113700 E: marcella.voza@mail.wind.it

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 20, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) announced today that it has successfully completed its previously announced acquisition of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). As a result of the transaction, Dollar Thrifty has become a wholly owned subsidiary of Hertz.

Hertz Chairman and Chief Executive Officer, Mark P. Frissora said: "In the 94-year history of Hertz, our employees and business partners have never been this excited. Over the past six years, we have competed successfully with only one global premium brand in place while our competitors have had multiple brands to work against us. Starting today, we now have two additional, popular brands to compete across multiple market segments, with plans to offer them to our many partners and customers. That’s why we are pleased to announce that the transaction is complete, and we look forward to working expeditiously with Dollar Thrifty to integrate the strengths of our two great companies."

Hertz completed a tender offer in which it purchased approximately 99.6% of the shares of Dollar Thrifty common stock then outstanding at $87.50 per share in cash.

Hertz subsequently acquired the remaining shares of Dollar Thrifty common stock by means of a short-form merger in which such shares were converted into the right to receive the same $87.50 per share in cash that will be paid in the tender offer. In order to accomplish the short-form merger, Hertz exercised its "top-up" option to purchase additional shares of Dollar Thrifty common stock directly from Dollar Thrifty. Dollar Thrifty’s common stock will no longer be listed on the New York Stock Exchange.

On November 20, 2012, Hertz posted to its website a summary of the divestiture agreement that Hertz entered into with the Federal Trade Commission in connection with the acquisition of Dollar Thrifty, a list of related frequently asked questions and PowerPoint slides.

Hertz Contact information:

Investors
Leslie Hunziker
Staff Vice President – Investor Relations
Tel: 201-307-2337
E-mail: lhunziker@hertz.com

Media
Richard Broome
Senior Vice President – Corporate Affairs & Communications
Tel: 201-307-2486
E-mail: rbroome@hertz.com

Steven Lipin / Jayne Rosefield
Brunswick Group
Tel: 212-333-3810

About Hertz Global Holdings, Inc.

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 340 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

About Dollar Thrifty Automotive Group, Inc.

Through its Dollar Rent A Car and Thrifty Car Rental brands, the Company has been serving value-conscious leisure and business travelers since 1950. The Company maintains a strong presence in domestic leisure travel in virtually all of the top U.S. and Canadian airport markets, and also derives a significant portion of its revenue from international travelers to the U.S. under contracts with various international tour operators. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,800 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries. For additional information, visit www.dtag.com or the brand sites at www.dollar.com and www.thrifty.com.

Cautionary Note Concerning Forward-Looking Statements

This communication contains "forward-looking statements". Examples of forward-looking statements include information concerning Hertz’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that Hertz has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that Hertz believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: the risk that expected synergies, operational efficiencies and cost savings from a Dollar Thrifty acquisition may not be fully realized or realized within the expected time frame; the risk that unexpected costs will be incurred in connection with the proposed Dollar Thrifty transaction; the retention of certain key employees of Dollar Thrifty may be difficult; the operational and profitability impact of divestitures required to be undertaken to secure regulatory approval for an acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings and Dollar Thrifty’s filings with the Securities and Exchange Commission, including our and Dollar Thrifty’s most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Hertz therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to Hertz or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Hertz undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J., Nov. 16, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) announced today that its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) for $87.50 per share expired at 5:00 p.m., New York City time, as scheduled, and was not extended.

(Logo: http://photos.prnewswire.com/prnh/20121005/NY87355LOGO )

The depositary for the tender offer has advised Hertz that, as of the expiration of the tender offer, approximately 27,956,234 shares of Dollar Thrifty common stock had been validly tendered and not validly withdrawn pursuant to the offer (which includes shares subject to guaranteed delivery procedures), representing approximately 99.6% of the total outstanding shares of Dollar Thrifty common stock.

As previously announced, Hertz has reached an agreement to sell its Advantage business to Adreca Holdings Corp. ("Adreca"), a subsidiary of Macquarie Capital which is operated by Franchise Services of North America Inc. In its settlement agreement with the Federal Trade Commission ("FTC"), Hertz has also agreed to use its commercially reasonable efforts to ensure a new car rental company is given the right to operate on-airport at 26 airports across the country. In about half of these locations Hertz has already reached an agreement with Adreca that it will try and get the Advantage brand the right to operate on-airport. Hertz has also agreed with the FTC that it will negotiate exclusively with Adreca for the next 30 days to try and reach an agreement on the remaining locations. Hertz is not selling any brands (other than Advantage), or the rights to operate any brands, so it will continue to have the right to operate the Hertz, Dollar and Thrifty brands at all of the locations.

Hertz is exploring several different alternatives for procuring on-airport concessions for Advantage or another car rental company at these airports. Where possible, Hertz will seek to accomplish this in a manner that allows it to continue operating all three of its brands (Hertz, Dollar and Thrifty) on-airport. Alternatively, in certain situations either Dollar or Thrifty (never Hertz), and in a few cases both Dollar and Thrifty, may have to operate off-airport for at least some period of time. In these instances, Hertz will continue to provide Dollar and Thrifty customers with superior service and a great rental experience, and hopes to eventually be able to move the brands back on airport in the future. Given that in all instances the company will have at least one brand, and in the vast majority at least two brands, on-airport, as well as off-airport locations at certain airports, the company anticipates minimal impact on its employees and customers as a result of these changes.

On November 19, 2012, Hertz intends to exercise its "top-up" option to purchase additional shares of Dollar Thrifty common stock directly from Dollar Thrifty and to complete the acquisition of Dollar Thrifty through a short-form merger without a vote or meeting of Dollar Thrifty’s stockholders. Each of the remaining shares of Dollar Thrifty common stock will be converted into the right to receive the same $87.50 per share in cash that will be paid in the tender offer. Upon completion of the merger, Dollar Thrifty will become a wholly owned subsidiary of Hertz. Dollar Thrifty’s common stock will be suspended for trading on the New York Stock Exchange before the market opens on November 20, 2012 and will subsequently be delisted.

Hertz Contact information:

Investors
Leslie Hunziker
Staff Vice President – Investor Relations
Tel: 201-307-2337
E-mail: lhunziker@hertz.com

Media
Richard Broome
Senior Vice President – Corporate Affairs & Communications
Tel: 201-307-2486
E-mail: rbroome@hertz.com

Steven Lipin / Jayne Rosefield
Brunswick Group
Tel: 212-333-3810

About Hertz Global Holdings, Inc.

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 340 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

About Dollar Thrifty Automotive Group, Inc.

Through its Dollar Rent A Car and Thrifty Car Rental brands, the Company has been serving value-conscious leisure and business travelers since 1950. The Company maintains a strong presence in domestic leisure travel in virtually all of the top U.S. and Canadian airport markets, and also derives a significant portion of its revenue from international travelers to the U.S. under contracts with various international tour operators. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,800 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries. For additional information, visit www.dtag.com or the brand sites at www.dollar.com and www.thrifty.com.

Cautionary Note Concerning Forward-Looking Statements

This communication contains "forward-looking statements". Examples of forward-looking statements include information concerning Hertz’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that Hertz has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that Hertz believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: our ability to consummate an acquisition of Dollar Thrifty; the risk that expected synergies, operational efficiencies and cost savings from a Dollar Thrifty acquisition may not be fully realized or realized within the expected time frame; the risk that unexpected costs will be incurred in connection with the proposed Dollar Thrifty transaction; the retention of certain key employees of Dollar Thrifty may be difficult; the operational and profitability impact of divestitures required to be undertaken to secure regulatory approval for an acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings and Dollar Thrifty’s filings with the Securities and Exchange Commission, including our and Dollar Thrifty’s most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Hertz therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to Hertz or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Hertz undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J., Nov. 15, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) today announced the expansion of its car sharing program, Hertz On Demand, in San Antonio with the introduction of a Nissan Leaf electric vehicle and the addition of seven parking locations throughout downtown San Antonio.

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"We’ve enjoyed a successful partnership with the City of San Antonio, seeing membership and usage continue to grow each month, and we’re pleased to expand Hertz On Demand to make it even more convenient and accessible to residents, visitors and workers throughout the city," commented Mark P. Frissora, Chairman and Chief Executive Officer of Hertz. "Hertz is bringing the future of mobility to city residents with the addition of the Nissan Leaf Electric Vehicle while expanding our overall fleet to more than 20 vehicles and tripling the number of car sharing locations, allowing members to easily select the car they want and go."

Since the program’s launch in San Antonio in March 2012, the program has exceeded the expectations for both the City and Hertz. The addition of the Nissan Leaf makes San Antonio the second city in Texas to have an electric vehicle as part of its car share program.

The Hertz On Demand pay-as-you-go service, with no annual fees, provides members with 24/7 access to vehicles strategically located throughout the city’s downtown area. Hertz On Demand offers members a range of cars – from an electric vehicle to compacts, sedans and SUVs – available both in parking lots and on on-street parking spots. Hertz On Demand provides an economical, convenient and socially conscious alternative to car ownership. It has approximately 150,000 members, is available in six countries and on approximately 50 university campuses.

San Antonio-area residents, City employees and tourists can sign up online, reserve cars which can be picked up from one of Hertz On Demand’s several conveniently located hubs, and experience the enhanced member benefits offered by Hertz On Demand, including:

• Free membership. Hertz On Demand has no enrollment fee or annual membership fee, and offers low hourly or daily rates starting as low as $6.50/hour for the Chevy Sonic or Toyota Yaris.
• New rental fleet options include the Dodge Avenger, Toyota Yaris, Ford Escape, Chevy Sonic, Toyota RAV4, Jeep Liberty and Nissan Rogue. A Nissan LEAF is currently available at the City Hall as part of the Hertz Global EV program.
• 180 miles a day, gas and insurance included in rates.
• Daily rates on Hertz rental car for longer trips; Ability to rent a car for up to 30 days.
• Unparalleled member service including 24/7 live, in-car assistance from a team of Hertz Member Care experts.
• No late fees. Hertz On Demand members will not receive punitive charges/late fees for the late return of a vehicle.

San Antonio Hertz On Demand Car Sharing Locations:

• 200 block of Market St. (across from Henry B. Gonzalez Convention Center)
• West Houston St. / N. Laredo St.(near the Alameda Theater)
• 121 Soledad St. (on-street parking)
• Blue Star Complex (108 Blue Star)
• 200 block of Avenue A
• City Hall Annex Parking Lot – Dolorosa St.
• Convent Street/N. St. Mary’s (on-street parking)
• Labor St./Refugio St. (on-street parking)
• Richmond Avenue/Augusta St. (on-street parking)
• Villita St./St. Mary’s St. (on-street parking)
• 100 block of Jack White (on-street parking)
• 1013 S. Flores
• Weston Centre (412 Soledad)
• 100 block of Jack White Way

About Hertz On Demand

Hertz On Demand, Hertz’s global car sharing club, has more than 850 vehicles, 150,000 members and more than 250 locations worldwide, including corporate offices and universities. Hertz On Demand offers a variety of vehicles available for online reservation at competitive rates. All cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and 180 free miles per day.

About Hertz

Hertz, the largest worldwide airport general use car rental brand, operates from approximately 8,800 locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame, was named by the magazine’s readers’ as the Best Car Rental Agency, and was voted the Best Overall Car Rental Company in Zagat’s 2012/13 U.S. Car Rental Survey. Products such as Hertz Gold Choice, NeverLost(r), and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz. Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz On Demand car sharing, and owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

For more information, visit www.HertzOnDemand.com or www.hertz.com. For more information about San Antonio’s car share program, visit www.sanantonio.gov.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 15, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has reached an agreement with the U.S. Federal Trade Commission (FTC) allowing Hertz to complete its acquisition of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). Under the terms of the proposed consent order that was approved by the FTC for public comment, Hertz is required to divest its Advantage business, selected airport concessions and certain other assets following the closing of the acquisition.

"We have reached a compelling agreement with the FTC and are pleased to finally move forward as one company," said Hertz Chairman and Chief Executive Officer, Mark P. Frissora. "We have always believed that a combination with Dollar Thrifty is the best strategic option for both companies, and we look forward to becoming a stronger global competitive player in the industry. We are confident that the employees, customers and shareholders of both companies will benefit from the value this combination will create."

The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options through its strong premium and value brands. Hertz will provide Dollar Thrifty with the resources to expand its value leisure focused brands in key car rental markets around the world, while Dollar Thrifty will provide Hertz instant scale with two new, well-established brands with airport concession infrastructure in the mid-tier value segment.

As previously announced, Hertz has reached an agreement to sell certain assets, to Adreca Holdings Corp. ("Adreca"), a subsidiary of Macquarie Capital which is operated by Franchise Services of North America Inc., an experienced operator of car rental brands, including U-Save Car & Truck Rental®, Rent-a-Wreck of Canada, Practicar and Xpress Rent A Car. Hertz has also agreed to use its commercially reasonable efforts to ensure that Adreca at 13 locations and either Adreca or another third party at an additional 13 locations, has the right to an on-airport operation. Hertz hopes to be able to continue operating both the Dollar and Thrifty brands on airport at a number of these airports.

Approval of the proposed consent order effectively completes the review of the transaction by the FTC. The closing of the previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty for $87.50 per share is also subject to customary terms and conditions, including the acquisition by Hertz of a majority of the outstanding shares of Dollar Thrifty common stock on a fully diluted basis. The tender offer is scheduled to expire at 5:00 p.m., New York City time, on November 16, 2012, unless further extended in accordance with the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC).

The tender offer statement and related materials have been filed with the SEC. Dollar Thrifty stockholders who need additional copies of the tender offer statement and related materials or who have questions regarding the offer should contact Innisfree M&A Incorporated, the Information Agent for the offer, toll-free at (877) 456-3507.

Hertz Contact information:

Investors
Leslie Hunziker
Staff Vice President – Investor Relations
Tel: 201-307-2337
E-mail: lhunziker@hertz.com

Innisfree M&A Incorporated
Jennifer Shotwell / Scott Winter
Tel: 212-750-5833

Media
Richard Broome
Senior Vice President – Corporate Affairs & Communications
Tel: 201-307-2486
E-mail: rbroome@hertz.com

Steven Lipin / Jayne Rosefield
Brunswick Group
Tel: 212-333-3810

About Hertz Global Holdings, Inc.

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 340 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

About Dollar Thrifty Automotive Group, Inc.

Through its Dollar Rent A Car and Thrifty Car Rental brands, the Company has been serving value-conscious leisure and business travelers since 1950. The Company maintains a strong presence in domestic leisure travel in virtually all of the top U.S. and Canadian airport markets, and also derives a significant portion of its revenue from international travelers to the U.S. under contracts with various international tour operators. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,800 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries. For additional information, visit www.dtag.com or the brand sites at www.dollar.com and www.thrifty.com.

Cautionary Note Concerning Forward-Looking Statements

This communication contains "forward-looking statements". Examples of forward-looking statements include information concerning Hertz’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that Hertz has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that Hertz believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: our ability to consummate an acquisition of Dollar Thrifty; the risk that expected synergies, operational efficiencies and cost savings from a Dollar Thrifty acquisition may not be fully realized or realized within the expected time frame; the risk that unexpected costs will be incurred in connection with the proposed Dollar Thrifty transaction; the retention of certain key employees of Dollar Thrifty may be difficult; the operational and profitability impact of divestitures required to be undertaken to secure regulatory approval for an acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings and Dollar Thrifty’s filings with the Securities and Exchange Commission, including our and Dollar Thrifty’s most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Hertz therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to Hertz or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Hertz undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Additional Information

On September 10, 2012, Hertz filed with the United States Securities and Exchange Commission (the "SEC") a tender offer statement on Schedule TO and Dollar Thrifty filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 ("Schedule 14D-9") regarding the tender offer described herein. Investors and security holders of Dollar Thrifty are strongly advised to read the tender offer statement (as updated and amended) filed by Hertz and the Schedule 14D-9 (as updated and amended) filed by Dollar Thrifty with the SEC, because each contains important information that Dollar Thrifty’s stockholders should consider before tendering their shares. The tender offer statement and other documents filed by Hertz with the SEC are available for free at the SEC’s web site (http://www.sec.gov). Copies of Hertz’s filings with the SEC may be obtained at the SEC’s web site (http://www.sec.gov) or by directing a request to Hertz at (201) 307-2100. Copies of Dollar Thrifty’s filings with the SEC are available free of charge on Dollar Thrifty’s website at www.dtag.com or by contacting Dollar Thrifty’s Investor Relations Department at 918-669-2236.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J. and MELBOURNE, Australia, Nov. 14, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) has launched its car sharing club Hertz On Demand in Sydney, making Australia the seventh country in the international program. Members have 24/7 access to a fleet of self-service vehicles placed throughout Sydney, which are bookable online at http://www.hertzondemand.com/sydney. There is no annual membership fee, and rates are lowest in the market, starting from just AU$6.00 per hour, including insurance, fuel, maintenance and cleaning.

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(Photo: http://photos.prnewswire.com/prnh/20121114/NY13247)

Mark P. Frissora, Hertz Chairman and Chief Executive Officer, said: "By utilizing the resources we have as the leading global car rental company – including best-in-class technology – we are bringing the future of car sharing to life for our customers in Sydney. Hertz On Demand is less expensive than other car sharing services while providing unequalled customer service as well as free membership and no annual renewal fees. A progressive international city, Sydney is a natural choice for Hertz On Demand."

Sydney Lord Mayor Clover Moore said she was pleased to see Hertz joining the car share market in Sydney – a clear demonstration that this is a growing market. "Car share has more than tripled in Sydney over the past three years. Each car share parking space in the city replaces the need for 12 other cars. Providing more transport options for residents helps them save money and reduces congestion on our roads. Car share is a smart way of having access to a car when you need it, without the cost of buying, insuring, registering, maintaining and running a car."

Currently Hertz On Demand has 30 spaces in locations around Sydney, which will increase to 100 by 2013. Members can book a Hyundai hatchback from AU$6 an hour or a Nissan X-Trail from just AU$7 per hour (all inclusive rates). Sydney members can also use the Hertz On Demand car share services in Europe and the USA at low, all-inclusive rates.

As well as its car sharing services for urban dwellers, Hertz On Demand can place cars on corporate sites to operate as pooled cars for employees. The corporate program – which is enjoyed by companies such as PwC, London Heathrow, and Marriott Hotels – allows companies to significantly drive down overall fleet costs by improving vehicle utilization and management along with reducing administration and overheads.

Chris Rusden, Regional Vice President and Managing Director of Hertz Australia added: "We are very excited to bring Hertz On Demand to Sydney, a significant step in bringing all of Hertz’ global products and services to the Australian market. Hertz On Demand operates with state-of-the-art technology and is for people who want the use and convenience of a car without the associated ownership costs. It is also ideal solution to replace or complement company fleets in order to drive down overall fleet costs."

Greg Giraud, General Manager, Hertz On Demand Australia, added: "We are thrilled to provide residents of Sydney with a great car share alternative, and the business community with a complete end-to-end fleet replacement solution unique in Australia. Members will also be able to use their Australian membership in London, Paris, New York and other Hertz On Demand locations throughout the world at the click of a mouse."

Vehicles are installed with an RFID reader for SmartCard identification, giving each member keyless-entry to the cars. If during their trip members need help, have questions, or would like to extend the length of their rental, they can contact the Hertz in-house Member Care Center based in Australia via the hands free in-car communication technology. The proprietary end to end car sharing technology has been created by market leading company Eileo, a wholly owned subsidiary of Hertz, allowing Hertz to tailor its technology according to its member’s needs.

Across Australia, more and more drivers are choosing car sharing as the smart, savvy way to get around. In Sydney car sharing has more than tripled over the past three years, resulting in eased traffic congestion, freed up parking and savings to residents of AU$21 million a year. The recent SGS Economics and Planning study, commissioned by the City of Sydney, shows the economic benefits of car share for both citizens and businesses outweigh the costs by a ratio of 19 to one. The full report can be obtained from: http://www.cityofsydney.nsw.gov.au/aboutsydney/parkingandtransport/CarShare.asp

About Hertz On Demand

Hertz On Demand has more than 230,000 members and 1600 vehicles located at over 800 locations worldwide, including cities, corporate offices and universities. Hertz On Demand offers vehicles equipped with keyless entry, and benefits covered by the competitive hourly rate including fuel, insurance, 24/7 roadside assistance, 24-hour in car Member Care Center communication, and, in the US, 180 free miles per 24 hours. For more information, visit www.HertzOnDemand.com.

About Hertz

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,500 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

CONTACT (U.S.): Paula Rivera (201) 307-2824 privera@hertz.com

CONTACT (International): Zoe White +44 1895 553 887 zoewhite@hertz.com

CONTACT (Australia): Anna Denby +61 404 960 707 adenby@windowslive.com

SOURCE The Hertz Corporation