Avis Budget Group Chief Financial Officer to Present at Bank of America Leveraged Finance Conference on Tuesday, December 4

Avis Budget Group Chief Financial Officer to Present at Bank of America
Leveraged Finance Conference on Tuesday, December 4

PARSIPPANY, N.J., Nov. 27, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. 
(Nasdaq:CAR), a leading provider of vehicle rental services, today announced
that David B. Wyshner, Senior Executive Vice President and Chief Financial
Officer, will present at the 2012 Bank of America Merrill Lynch Leveraged
Finance Conference on December 4, 2012 at 1:30 p.m. Eastern time.

A live webcast will be available on the Avis Budget Group website at
ir.avisbudgetgroup.com. A webcast replay will be available shortly after the
live presentation and will be archived on the website.

About Avis Budget Group, Inc.

Avis Budget Group, Inc. is a leading global provider of vehicle rental
services through its Avis and Budget brands, with 10,000 rental locations in
approximately 175 countries around the world. Avis Budget Group operates most
of its car rental offices in North America, Europe and Australia directly, and
operates primarily through licensees in other parts of the world. Avis Budget
Group has approximately 29,000 employees and is headquartered in Parsippany,
N.J. For more information, visit www.avisbudgetgroup.com.

The Avis Budget Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8891

CONTACT: Media Contact:
         John Barrows
         973-496-7865
         PR@avisbudget.com
        
         Investor Contact:
         Neal Goldner
         973-496-5086
         IR@avisbudget.com

Avis Budget Group, Inc. Logo