Category: Press Release

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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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

PARK RIDGE, N.J. and NEW YORK, Nov. 12, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) and CLEAR, a company which uses fingerprint and iris verification to speed travelers through airport security, announced today a partnership agreement aimed at making travel fast and efficient for busy travelers. As part of the agreement, Hertz customers will be awarded a complimentary 60-day CLEAR membership trial and the opportunity to join CLEAR at a reduced rate.

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"At Hertz, we’re committed to making car rental fast and easy," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Partnering with CLEAR extends our commitment into the airports, enabling our customers to experience an expedited security clearance process. Our services, coupled together, will allow customers to travel with a certainty of speed that customers appreciate when traveling."

Once a CLEAR member, Hertz customers will have unlimited access to CLEAR’s growing airport network. In addition, CLEAR members will receive access to discounts on a variety of Hertz rentals, including but not limited to international, weekend and promotional rates.

"We are excited to partner with Hertz to offer CLEAR members and Hertz customers benefits that help ensure stress-free travel from door to door," said Effie Epstein, Director of Business Development and Strategy for CLEAR. "Both CLEAR and Hertz are obsessed with transforming the travel experience and together we can bring even more speed and personal customer service to travelers across the country."

Currently operational in San Francisco, Dallas-Fort Worth, Orlando and Denver, CLEAR’s at-airport kiosks allow passengers to verify their identity using biometrics (fingerprint or iris) at security checkpoints. With automated identity verification and personal customer service, CLEAR members speed through airport security in an average of five minutes or less, effectively transforming the travel experience. CLEAR is working closely with airports across the country to bring its expedited traveler service to business and leisure travelers everywhere.

Operating one of the youngest and most diverse fleets in the industry, Hertz is committed to identifying and adopting the most technologically advanced products and services available. Incorporating innovative products such as CLEAR, allows for the fastest, easiest and most valued rental experience for every Hertz customer. Similar initiatives include Hertz ‘Carfirmations’, a mobile SMS text and email service that confirms a Gold 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; 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 available today (an option that also includes an emailed receipt). 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, which allow customers to rent a car, with or without a reservation through a live, face-to-face video kiosk. Finally, with the largest fleet of make and model reservable cars in the industry, Hertz pioneered vehicle-specific reservation capabilities via its collections series.

About CLEAR
CLEAR uses biometric technology to identify members and speed them through airport security averaging 5 minutes or less, effectively eliminating lines and transforming travel. Members save time and stress with dedicated lanes that allow them to be identified in just seconds using their unique fingerprint or iris. CLEAR’s secure technology platform delivers certainty of speed and the highest level of service to members at the airport, while also enhancing airport security.

CLEAR operates at San Francisco, Denver, Dallas-Fort Worth and Orlando international airports and will soon be opening at Westchester County Airport in New York. CLEAR has a growing base of over 225,000 members nationwide and is currently expanding to bring its time-saving, secure biometric technology to airports around the country. Enrollment is fast and easy and can be done at any of CLEAR’s enrollment centers (http://clearme.com/enrollment-centers). For more information on how CLEAR is changing the way people travel, visit http://www.clearme.com.

About The Hertz Corporation
Hertz, the largest worldwide airport general use car rental brand, operates 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. 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 Choice, 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.

www.hertz.com
www.hertzequip.com

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 12, 2012 /PRNewswire/ —

Event:	Hertz Global Holdings, Inc.’s (NYSE:HTZ) Chairman and Chief Executive Officer Mark Frissora to speak at the 2012 Barclays Global Automotive Conference in New York City
Time/Date:	9:05 am (EST) on Tuesday, November 13, 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 November 27, 2012.

About Hertz
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.

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.

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SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 8, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) and Liberty Tire Recycling today launched the first nationwide tire recycling program in the U.S. car rental industry. Liberty Tire Recycling is the largest tire recycling company in North America and converts used tires into rubber feedstock and other materials that can be used for a wide variety of eco-friendly products and services. Hertz will leverage Liberty’s nationwide service to collect its used tires, more than 160,000 annually, which will be transformed into a range of products for playgrounds, public parks, highways and other applications.

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"Hertz leads in sustainability throughout our operations, products and services. Today, we take the next step forward and launch the first zero landfill waste tire program in the industry," said Mark Frissora, Chairman and CEO of Hertz. "Through our partnership with Liberty Tire Recycling, we are implementing the first national tire recycling program and again set the pace for our sector."

Liberty provides recycled rubber feedstock which produces a range of products including:

• Landscaping & Home Garden: Liberty converts tires into unique rubber mulch that is non-allergenic and harmless to plants, pets and children. Rubber mulch resists washing away during heavy rains, and will not sustain mold, fungus growth or insect infestation. Plus, consumers save money because colorfast rubber mulch lasts much longer than wood mulch.
• Flooring & Playground Markets: Kid-friendly mats and playground safety surfacing made from recycled tire rubber keep little falls fun and flexible, not hard and hurtful.
• Faster Trains Speeds on Greener Rails: The finely powdered crumb rubber is the key ingredient in new composite crossties, the greenest solution for railroad tracks. Composite ties replace toxic preservative-filled hardwood ties with a solution that lasts longer and allows for heavier loads, faster train speeds and more safety.
• Rubberized Asphalt: Highways modified with recycled tire rubber are now being constructed that ride quieter, last longer, and use significantly less paving material than traditional asphalt. Up to 8,000 tires are used in each lane mile of pavement. Because some applications of rubber asphalt are thinner than traditional conventional asphalt methods, less paving material is used.

This partnership adds to Hertz’s award-winning commitment to sustainability, which is demonstrated by a wide variety of its practices and services. Hertz offers a collection of alternative fuel and high MPG vehicles – from electric vehicles (EVs) to clean diesel – in its Green Traveler Collection lineup. Additionally, Hertz’s car sharing service, Hertz On Demand, offers exciting EV options, including the Nissan LEAF, Chevy Volt and Mitsubishi iMiev. Recently, Hertz also expanded its electric car rental program through a pilot initiative with Plugless Power, which allows EVs to charge without being plugged into an outlet.

Operating one of the youngest and most diverse fleets in the industry, Hertz is committed to offering its customers the most technologically innovative products and services available, resulting in the fastest, easiest and most valued rental experience. This includes Hertz ‘Carfirmations,’ a mobile SMS text and email service that confirms a Gold 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 allow 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 collections series and has the largest fleet of make and model reservable cars in the industry.

For more information, visit www.Hertz.com or follow Hertz on Facebook or Twitter. To learn more about Hertz’s sustainability efforts, visit www.hertzlivingjourney.com.

About The Hertz Corporation

Hertz, the largest worldwide airport general use car rental brand, operates from approximately 8,650 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was named 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 Choice, 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.

To make car rental reservations or for more information, customers can call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com.

SOURCE The Hertz Corporation

LONDON, Nov. 5, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, has introduced a portable Wi-Fi service in Australia in a first for the country’s car rental industry. Hertz has introduced pocket-sized 3G units for rent to enable customers to connect to the internet from anywhere in Australia for a fraction of the cost of mobile roaming or hotel internet charges.

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The launch builds on the success of the company’s mobile Wi-Fi program in New Zealand, UK, Spain and the Canary Islands.

The portable WiFi units can be rented from Hertz’s airport locations in Melbourne, Sydney, Brisbane, Perth, Adelaide, Darwin and Cairns. The rechargeable Wi-Fi units offer secure, high speed internet coverage for up to five hours and a generous daily data limit of 150 megabytes, enabling business and leisure travellers, both domestic and international, to stay connected throughout their journey in Australia. Units come with a USB cable for easy recharging.

For business travellers, the mobile Wi-Fi units enable email connections and ongoing contact with the office, customers or family at home, as well as enabling simultaneous connection of up to five devices including laptop computers, smart phones and tablets. The Wi-Fi units make it easy for leisure travelers to stay in touch with friends and family, providing the ability to upload photos or videos or to converse via Skype, while also allowing multiple users to connect at the same time.

Priced at just AUD$12.00 per day plus tax, the new units can reduce global roaming data charges by up to 90 per cent, while cutting by up to half the daily charges which apply for internet access in hotel rooms. Telephone calling costs can be reduced significantly by using Skype through the mobile Wi-Fi connection, while social media or online news can be accessed easily without large data charges.

Hertz has partnered with technology company IDataRoam International Limited to provide the mobile Wi-Fi service, which is already being used successfully in New Zealand. Hertz customers can easily purchase additional data volume online from IDataRoam at www.idataroam.com if required.

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.com

About IDataRoam International Limited

IDataRoam International Limited was founded by three young New Zealand entrepreneurs and is funded by interests associated with Stephen Tindall’s KIWI investment fund. IDataRoam provides data roaming solutions both in New Zealand and globally. Visit www.idataroam.com.

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

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

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Nov. 5, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has extended the expiration date of 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. The tender offer is now 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 (the "SEC"). The tender offer was previously scheduled to expire at 5:00 p.m., New York City time, on November 5, 2012.

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Except for the extension of the tender offer expiration date, all other terms and conditions of the tender offer remain unchanged. The depositary for the tender offer has advised Hertz that, as of the close of business on November 2, 2012, approximately 8,939,401 shares of Dollar Thrifty common stock have been tendered into and not withdrawn from the tender offer (which includes shares subject to guaranteed delivery procedures).

As previously announced on October 18, 2012, Hertz agreed to extend the term of its timing agreement with the Federal Trade Commission until 11:59 p.m. on November 16, 2012. The tender offer is now scheduled to expire on the same date as the timing agreement.

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 today also announced that its wholly-owned subsidiary, HDTFS, Inc. (the "Escrow Issuer") has extended the escrow arrangements for its $700,000,000 aggregate principal amount of 5.875% Senior Notes due 2020 (the "2020 Notes") and $500,000,000 aggregate principal amount of 6.250% Senior Notes due 2022 (the "2022 Notes" and, together with the 2020 Notes, the "Notes"). Proceeds from the offering of the Notes (plus an amount equal to the interest that would accrue on the Notes from the date of issuance to, but excluding, November 24, 2012) were deposited into an escrow account to be held until the date on which certain escrow conditions are satisfied, including the substantially concurrent (1) consummation of the tender offer and (2) assumption of the Escrow Issuer’s obligations under each series of Notes by The Hertz Corporation, a wholly-owned subsidiary of Hertz. The Escrow Issuer has extended the outside date of the escrow arrangements to November 30, 2012 and is permitted to further extend the outside date up to February 26, 2013. In connection with the extension, the Escrow Issuer has deposited additional funds into the escrow account in an amount equal to the interest that would accrue on the Notes from November 24, 2012 to, but excluding, December 10, 2012, the redemption date associated with the new outside date of November 30, 2012.

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 8,760 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 330 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 obtain regulatory approval for and 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.