Hertz Announces Sale Of 49,800,405 Shares Of Common Stock By Selling Stockholders

     Hertz Announces Sale Of 49,800,405 Shares Of Common Stock By Selling
                                 Stockholders

PR Newswire

PARK RIDGE, N.J., May 6, 2013

PARK RIDGE, N.J., May 6, 2013 /PRNewswire/ -- Hertz Global Holdings,Inc.
(NYSE: HTZ) ("Hertz Holdings") announced today the sale of an aggregate of
49,800,405 shares of common stock of Hertz Holdings by investment funds
associated with Clayton, Dubilier& Rice, LLC ("CDR"), The Carlyle Group
("Carlyle") and BofA Merrill Lynch ("Merrill Lynch" and, together with CDR and
Carlyle, the "Sponsors") to Goldman, Sachs & Co., as the sole underwriter in
the registered public offering of those shares.

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

The last reported sale price of Hertz Holdings' common stock on May 6, 2013
was $24.96 per share.Goldman, Sachs & Co. proposes to offer for sale the
shares of common stock from time to time 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 announced sale of common stock represents the entire interest of the
Sponsors and their associated investment funds, except for de minimis amounts
held by certain entities associated with the Sponsors previously received as
compensation for service on Hertz Holdings' board of directors or acquired in
the ordinary course of business. Hertz Holdings will not receive any proceeds
from the offering.

Hertz Holdings has filed a registration statement (including a prospectus)
with the Securities and Exchange Commission ("SEC") for the offering to which
this communication relates. Before you invest, you should read the prospectus
in that registration statement and other documents Hertz Holdings has filed
with the SEC for more complete information about Hertz Holdings and this
offering. You may get these documents for free by visiting EDGAR on the SEC
Web site at www.sec.gov. Alternatively, Hertz Holdings, the underwriter or any
dealer participating in the offering will arrange to send you the prospectus
if you request it by calling toll-free1-866-471-2526 or by emailing
prospectus-ny@ny.email.gs.com.

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.

ABOUT HERTZ HOLDINGS

Hertz Holdings, through its subsidiary The Hertz Corporation ("Hertz," the
"Company" or "we"), operates its car rental business through the Hertz, Dollar
and Thrifty brands from approximately 10,460 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 8,960
corporate and licensee locations in approximately 150 countries. Our Dollar
and Thrifty brands have approximately 1,500 corporate and franchisee locations
in 85 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
120 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 overall
reported 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.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

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-looking statements 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 realize operational efficiencies from the acquisition of Dollar
Thrifty; the operational and profitability impact of divestitures that we
agreed to undertake to secure regulatory approval for the acquisition of
Dollar Thrifty; levels of travel demand, particularly with respect to airline
passenger traffic in the United States and in global markets; the impact of
pending and future U.S. governmental action to address budget deficits through
reductions in spending and similar austerity measures, which could materially
adversely affect unemployment rates and consumer spending levels; 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 and mix 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 the SEC, 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 The Hertz Corporation

Website: http://www.hertz.com
Contact: Hertz Contacts: Leslie Hunziker, Hertz Investor Relations, (201)
307-2337, lhunziker@hertz.com, Richard Broome, Hertz Media Relations, (201)
538-9212, rbroome@hertz.com
 
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