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The Hertz Corporation Announces Exchange Offers for 8.875% Senior Notes Due 2014, 10.5% Senior Subordinated Notes Due 2016 and 7.875% Senior Notes Due 2014

Dec 6, 2006

PARK RIDGE, NJ -- (MARKET WIRE) -- 12/06/2006 -- The Hertz Corporation today announced that it commenced exchange offers pursuant to which it is offering to exchange $1,800,000,000 in aggregate principal amount of its 8.875% Senior Notes due 2014 (the "new senior dollar notes"), $600,000,000 in aggregate principal amount of its 10.5% Senior Subordinated Notes due 2016 (the "new senior subordinated notes") and EUR 225,000,000 in aggregate principal amount of its 7.875% Senior Notes due 2014 (the "new senior euro notes"), which have been registered under the Securities Act of 1933, as amended (the new senior dollar notes, new senior subordinated notes and the new senior euro notes are referred to collectively as the "new notes"), for equal principal amounts of its outstanding 8.875% Senior Notes due 2014 (the "old senior dollar notes"), its outstanding 10.5% Senior Subordinated Notes due 2016 (the "old senior subordinated notes") and its outstanding 7.875% Senior Notes due 2014 (the "old senior euro notes"), which were issued on December 21, 2005 in a transaction exempt from registration under the Securities Act (the old senior dollar notes, old senior subordinated notes and the old senior euro notes are referred to collectively as the "old notes"). As of December 6, 2006, there were $1,800,000,000, $600,000,000 and EUR 225,000,000 aggregate principal amount of old senior dollar notes, old senior subordinated notes and old senior euro notes, respectively, outstanding. The terms of the new notes will be substantially identical to those of the old notes, except that the transfer restrictions and registration rights relating to the old notes will not apply to the new notes. The terms and conditions of the exchange offers are set forth in The Hertz Corporation's prospectus dated December 6, 2006 and, with respect to the old senior dollar notes and the old senior subordinated notes, the related letter of transmittal.

The Hertz Corporation will accept for exchange any and all old notes validly tendered and not validly withdrawn on or before 5:00 p.m., New York City time, on January 5, 2007, which is the expiration date of the exchange offers, unless the exchange offers are extended by The Hertz Corporation.

This press release does not constitute an offer to exchange The Hertz Corporation's new notes for its old notes or the solicitation of an offer to exchange. The exchange offers are only being made pursuant to a prospectus and, with respect to the old senior dollar notes and the old senior subordinated notes, letter of transmittal that have been filed with the Securities and Exchange Commission as part of The Hertz Corporation's Registration Statement on Form S-4. The Registration Statement was declared effective by the Securities and Exchange Commission on December 6, 2006.

Copies of the prospectus and other documents relating to the exchange offers may be obtained from the Exchange Agents by the following means:

By Telephone for old senior notes and old senior subordinated notes:
Wells Fargo Bank, National Association
(800) 344-5128;
or (612) 667-9764
Attn: Bondholder Communications

For old senior euro notes:
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Tel: + 44 (0) 207 547 5000
Email: xchange.offer@db.com

Hertz, the world's largest general use car rental brand, operates from approximately 7,600 locations in 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe as well as the only car rental company with corporate and licensee locations in cities and airports in Africa, Asia, Australia, Latin America and North America. Product and service initiatives such as Hertz #1 Club Gold, NeverLost customized, onboard navigation system, SIRIUS Satellite Radio, and unique cars and SUVs offered through the company's Prestige, Fun and Green Collections, set Hertz apart from the competition.

CONTACT:
Richard Broome
201-307-2486
Email Contact