Hertz Announces Sale Of 50,000,000 Shares Of Common Stock By Selling Stockholders

     Hertz Announces Sale Of 50,000,000 Shares Of Common Stock By Selling

PR Newswire

PARK RIDGE, N.J., Dec. 10, 2012

PARK RIDGE, N.J., Dec. 10, 2012 /PRNewswire/ -- Hertz Global Holdings,Inc.
(NYSE: HTZ) ("Hertz Holdings") announced today the sale of an aggregate of
50,000,000 shares of common stock by investment funds associated with Clayton,
Dubilier& Rice, LLC, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan,
as the sole underwriter in the registered public offering of those shares. The
shares are being sold on a pro rata basis by these investment funds, which are
existing stockholders of Hertz Holdings, in accordance with their current
ownership interests. Following the offering, these investment funds will
continue to beneficially own an aggregate of approximately 110 million shares,
or approximately 26% in the aggregate, of Hertz Holdings' outstanding common
stock, calculated on an undiluted basis. The total number of outstanding
shares of Hertz Holdings' common stock will not change as a result of the
offering. Hertz Holdings will not receive any proceeds from the offering.

(Logo: http://photos.prnewswire.com/prnh/20110810/NY50373LOGO )

The last reported sale price of Hertz Holdings' common stock on December 10,
2012 was $16.21 per share.J.P. Morgan proposes to offer the shares of common
stock from time to time for sale in one or more transactions on the New York
Stock Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated prices, subject to
receipt and acceptance by it and subject to its right to reject any order in
whole or in part.

The issuer has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and
other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents
for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively,
the issuer, the underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling
toll-free(866) 803-9204.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.


Hertz Holdings, through its subsidiary The Hertz Corporation ("Hertz," or the
"Company"), operates its car rental business through the Hertz, Dollar and
Thrifty brands from approximately 10,400 corporate, licensee and franchisee
locations in North America, Europe, Latin America, Asia, Australia, Africa,
the Middle East and New Zealand. Hertz is the largest worldwide airport
general use car rental brand, operating from approximately 8,800 corporate and
licensee locations in approximately 150 countries. Our Dollar and Thrifty
brands have approximately 1,580 corporate and franchisee locations in
approximately 80 countries. Our Hertz brand name is one of the most recognized
in the world, signifying leadership in quality rental services and products.
We are one of the only car rental companies that has an extensive network of
company‑operated rental locations both in the United States and in all major
European markets. We believe that we maintain the leading airport car rental
brand market share, by overall reported revenues, in the United States and at
111 major airports in Europe where we have company‑operated locations and
where data regarding car rental concessionaire activity is available. We
believe that we also maintain the second largest market share, by revenues, in
the off-airport car rental market in the United States. In our equipment
rental business segment, we rent equipment through approximately 340 branches
in the United States, Canada, France, Spain, China and Saudi Arabia, as well
as through our international licensees. We and our predecessors have been in
the car rental business since 1918 and in the equipment rental business since
1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is
a leader in providing fleet leasing and management services. 


This communication contains "forward-looking statements." Examples of
forward-looking statements include information concerning Hertz Holdings'
liquidity and its possible or assumed future results of operations, including
descriptions of its business strategy. These forward-lookingstatements often
include words such as "believe," "expect," "project," "anticipate," "intend,"
"plan," "estimate," "seek," "will," "may," "would," "should," "could,"
"forecasts" or similar expressions. These statements are based on certain
assumptions that Hertz Holdings has made in light of its experience in the
industry as well as its perceptions of historical trends, current conditions,
expected future developments and other factors that Hertz Holdings believes
are appropriate in these circumstances. You should understand that these
statements are not guarantees of performance or results. They involve risks,
uncertainties and assumptions. Many factors could affect our actual financial
results and could cause actual results to differ materially from those
expressed in the forward-looking statements.

Among other items, such factors could include: our ability to integrate the
car rental operations of Dollar Thrifty Automotive Group, Inc. ("Dollar
Thrifty") and the ability to realize operational efficiencies from the
acquisition of Dollar Thrifty; the operational and profitability impact of
divestitures that we were required to undertake to secure regulatory approval
for the acquisition of Dollar Thrifty; levels of travel demand, particularly
with respect to airline passenger traffic inthe United Statesand in global
markets; significant changes in the competitive environment, including as a
result of industry consolidation, and the effect of competition in our
markets, including on our pricing policies or use of incentives; occurrences
that disrupt rental activity during our peak periods; our ability to achieve
cost savings and efficiencies and realize opportunities to increase
productivity and profitability; an increase in our fleet costs as a result of
an increase in the cost of new vehicles and/or a decrease in the price at
which we dispose of used vehicles either in the used vehicle market or under
repurchase or guaranteed depreciation programs; our ability to accurately
estimate future levels of rental activity and adjust the size of our fleet
accordingly; our ability to maintain sufficient liquidity and the availability
to us of additional or continued sources of financing for our revenue earning
equipment and to refinance our existing indebtedness; safety recalls by the
manufacturers of our vehicles and equipment; a major disruption in our
communication or centralized information networks; financial instability of
the manufacturers of our vehicles and equipment; any impact on us from the
actions of our licensees, franchisees, dealers and independent contractors;
our ability to maintain profitability during adverse economic cycles and
unfavorable external events (including war, terrorist acts, natural disasters
and epidemic disease); shortages of fuel and increases or volatility in fuel
costs; our ability to successfully integrate acquisitions and complete
dispositions; our ability to maintain favorable brand recognition; costs and
risks associated with litigation; risks related to our indebtedness, including
our substantial amount of debt, our ability to incur substantially more debt
and increases in interest rates or in our borrowing margins; our ability to
meet the financial and other covenants contained in our senior credit
facilities, our outstanding unsecured senior notes and certain asset-backed
and asset-based arrangements; changes in accounting principles, or their
application or interpretation, and our ability to make accurate estimates and
the assumptions underlying the estimates, which could have an effect on
earnings; changes in the existing, or the adoption of new laws, regulations,
policies or other activities of governments, agencies and similar
organizations where such actions may affect our operations, the cost thereof
or applicable tax rates; changes to our senior management team; the effect of
tangible and intangible asset impairment charges; the impact of our derivative
instruments, which can be affected by fluctuations in interest rates and
commodity prices; and our exposure to fluctuations in foreign exchange
rates.Additional information concerning these and other factors can be found
in our filings with theSecurities and Exchange Commission, including our most
recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K.

Hertz Holdings therefore cautions you against relying on these forward-looking
statements. All forward-looking statements attributable to Hertz Holdings or
persons acting on Hertz Holdings' behalf are expressly qualified in their
entirety by the foregoing cautionary statements. All such statements speak
only as of the date made, and Hertz Holdings undertakes no obligation to
update or revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.

SOURCE Hertz Global Holdings, Inc.

Contact: Leslie Hunziker, Hertz Investor Relations, +1-201-307-2337,
lhunziker@hertz.com, or Richard Broome, Hertz Media Relations,
+1-201-538-9212, rbroome@hertz.com
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