Financial News Releases

AVIS BUDGET GROUP PLANS TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2007 RESULTS ON FEBRUARY 13

Conference Call to Discuss Results Planned for February 14, 2008

PARSIPPANY, N.J. 02-11-2008 —

Avis Budget Group, Inc. (NYSE: CAR) announced today that it plans to report its fourth quarter and full year 2007 results after the market close on February 13, 2008 and host a conference call to discuss such results on February 14, 2008 at 9:00 a.m. Eastern time.

Investor Conference Call
Investors may access the February 14th call live at www.avisbudgetgroup.com or by dialing (210) 234-0038 and providing the access code “Avis Budget.”  A web replay will be available at www.avisbudgetgroup.com following the call.  A telephone replay will be available from 2:00 p.m. (ET) on February 14, 2008 until 8:00 p.m. on February 21, 2008 at (402) 220-9826, access code: “Avis Budget.”

About Avis Budget Group, Inc.
Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the company is the leading general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics.  Avis Budget Group is headquartered in Parsippany, N.J. and has more than 30,000 employees.   For more information about Avis Budget Group, visit www.avisbudgetgroup.com.

Media Contact:    
John Barrows     
(973) 496-7865    

Investor Contact:
David Crowther
(973) 496-7277