Avis Budget Group to Operate the Budget Car Rental Brand in Portugal Directly

Avis Budget Group to Operate the Budget Car Rental Brand in Portugal Directly

PARSIPPANY, N.J., Feb. 28, 2014 (GLOBE NEWSWIRE) -- Avis Budget Group,
Inc.(Nasdaq:CAR) announced today that it will operate the Budget Car Rental
brand in Portugal directly, effective immediately. Prior to this announcement,
Avis Budget Group's corporate-operated locations in Portugal had been limited
to the Avis Car Rental brand, while the Budget brand had been operated by a
licensee.

"Expanding Budget's presence across Europe and enhancing our customer
experience are two of our key strategic growth initiatives, and investing in
Portugal, an important international destination that is experiencing growth
in both business and leisure travel, is consistent with these goals," said
Ronald L. Nelson, Avis Budget Group Chairman and Chief Executive Officer.
"Budget has a solid and stable presence in Portugal and is well-positioned for
further growth and prosperity."

Budget Portugal, comprising 34 rental locations including four major airports,
offers quality cars and service at all major tourist and business centers
across Portugal, including locations in the Faro, Lisbon, Porto and Madeira
airports. Major business centers served by Budget include Aveiro, Braga,
Bragança, Coimbra, Faro, Setúbal and Vila Real. Budget Portugal has also
operated in Madeira Island, the popular tourist destination.

"This investment will enable us to better utilize our fleet and capture a
larger share of this growing car rental market," said Larry D. De Shon, Avis
Budget Group's president, Europe, Middle East and Africa. "In addition, by
seizing the opportunity now to increase our presence in this market, we will
be able to leverage our licensee's established presence and further enhance
Budget brand loyalty and our profitable revenue growth."

Budget customers in Europe are served primarily through corporate-operated
locations as well as through locations operated by independently-owned
licensees.

About Avis Budget Group

Avis Budget Group, Inc. is a leading global provider of vehicle rental
services, both through its Avis and Budget brands, which have more than 10,000
rental locations in approximately 175 countries around the world, and through
its Zipcar brand, which is the world's leading car sharing network, with more
than 860,000 members.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.More
information is available at www.avisbudgetgroup.com.

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

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