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News Releases

Media Contact

News Releases

Hertz Board Committee Retains Outside Advisors

Oct 17, 2000

The Hertz Corporation announced that the Special Committee of its Board of Directors has retained Lazard and Wachtell, Lipton, Rosen & Katz as financial advisor and special counsel, respectively, to assist the Special Committee as it evaluates Ford Motor Company's previously announced proposal to acquire, through a merger, all outstanding shares of Hertz Class A common stock that are not currently owned by Ford at a cash price of $30 per share. Ford currently owns 81.5% of Hertz Class A common stock.

Hertz is the world's largest car rental company and a leading industrial and construction equipment rental business. Headquartered in Park Ridge, N.J., Hertz operates from approximately 6,500 locations in over 140 countries.

SOURCE: Hertz Corporation

Contact: Richard Broome, Media Relations, 201-307-2486, or Lauren S.
Babus, Investor Relations, 201-307-2337, both of Hertz Corporation

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