Zipcar Announces Relocation of Corporate Headquarters

            Zipcar Announces Relocation of Corporate Headquarters

Leading Mobility Provider Plans Move to Boston's Innovation District

PR Newswire

CAMBRIDGE, Mass., Dec. 5, 2012

CAMBRIDGE, Mass., Dec.5, 2012 /PRNewswire/ --The world's leading car sharing
network is officially on the move. Zipcar, Inc. (Nasdaq: ZIP) today announced
final plans for the relocation of its corporate headquarters from Cambridge,
Massachusetts, to Boston's Innovation District. The move is currently planned
to take place in the second quarter of 2013.

The new office, located at 35 Thomson Place in the Fort Point district of
South Boston, will encompass all six floors of the 46,000 square foot
building. In keeping with Zipcar's core values, the new office will be
designed for energy efficiency and sustainability, will embrace a high
performance workspace strategy with an open floor plan to help promote
collaboration and will have Zipcar car sharing spaces outside. The new
location is a short walk to a nearby Silver Line stop and in close proximity
to a newly installed Hubway bike sharing station.

The move comes as a result of conversations years ago between Zipcar Chairman
and CEO Scott Griffith and Boston Mayor Thomas M. Menino. At that time, the
two discussed a shared vision for the transformation of the Seaport district
into a hub for technology-oriented companies.

"It has been a pleasure working with Mayor Menino, and I'm thrilled to call
Boston's vibrant Innovation District the home of Zipcar's world headquarters
starting in 2013," said Griffith. "The six floor building we'll exclusively
call home will provide a great environment for our team of passionate and
talented employees. Efficiency and sustainability are primary themes both in
the design of our office space as well as the building's prime location."

Mayor Menino said: "I would like to congratulate the Zipcar team on their new
office space in the Innovation District. I am happy to be the first one to
officially welcome Zipcar to Boston. I am very pleased to see Zipcar joining
the movement of tech companies into the area, and am confident Zipcar's
presence will help the Innovation District continue to grow as a thriving
center of commerce here in Boston."

Margulies Perruzzi Architects, one of Boston's top architectural and interior
design firms, has been selected to provide interior architecture and corporate
design services, while Cresa Boston, the country's largest tenant-only real
estate advisory firm, is providing brokerage and project management services
for the new office.

John Hueber,president of Crosspoint Associates Inc., owner since 2007 of the
10-building Fort Point complex where Zipcar will reside, said, "It's been a
privilege to help facilitate the marriage of a great company like Zipcar with
the creative and forward-thinking work environment of the Innovation District.
Thanks to Mayor Menino's futuristic vision for this area, Zipcar and other
innovative companies are lining up to be a part of the Greater Boston business
scene in the area."

Zipcar has been headquartered in Cambridge since the company was founded in
2000. More than 200 employees will move to Zipcar's new Boston corporate
headquarters next year. In addition to its world headquarters in Boston,
Zipcar has a European headquarters located in Wimbledon, UK.

About Zipcar
Zipcar is the world's leading car sharing network with more than 767,000
members and over 10,000 vehicles in urban areas and college campuses
throughout the United States, Canada, the United Kingdom, Spain and Austria.
Zipcar offers more than 30 makes and models of self-service vehicles by the
hour or day to residents and businesses looking for an alternative to the high
costs and hassles of owning a car. More information is available at
www.zipcar.com.

Photos and b-roll footage are available for media purposes at
www.zipcar.mediaroom.com.

ZIP-G

SOURCE Zipcar, Inc.

Website: http://www.zipcar.com
Contact: Colleen McCormick, +1-617-336-4342, cmccormick@zipcar.com
 
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