Avis Budget Group Forms Alliance With Carbonfund.org

PARSIPPANY, NJ, Jul 22 (MARKET WIRE) --
Avis Budget Group, parent company of Avis Rent A Car and Budget Rent A
Car, today announced an alliance with Carbonfund.org, one of the leading
international non-profit organizations providing carbon offset solutions
to individuals and businesses. This alliance will enable Avis Budget
Group to offer its corporate and retail customers a variety of carbon
offset options to enable them to minimize the environmental impact of
their daily, weekly or monthly vehicle rentals.

"At Avis Budget Group, we are very concerned with how our business affects
the environment," said Ronald L. Nelson, chairman and chief executive
officer, Avis Budget Group. "Teaming up with Carbonfund.org will help us
advance our efforts to reduce the environmental impact of our fleet."

Customers of Avis and Budget will be able to make donations to
Carbonfund.org online via avis.com and budget.com to offset the emissions
from their rental car use as a separate transaction from their vehicle
rental. The donations go towards the ongoing purchase of carbon offset
credits, which fund a variety of environmental projects aimed at reducing
the emission of greenhouse gases.

The alliance with Carbonfund.org adds to the many environmental
initiatives of Avis Budget Group, which is already partnering with its
corporate customers to assist them with their individual carbon reduction
targets. The Company is also creating a formal environmental management
system (EMS), which is being designed to measure and manage environmental
aspects of the Company's operations in accordance with International
Organization for Standardization (ISO) 14001 guidelines. The EMS will
cover air, water and land quality issues, landfill contributions,
resource depletion and conservation, solid/liquid waste, odor/noise
emissions and other environmental aspects.

"We are very pleased to work with a company such as Avis Budget Group,
which is extremely conscious of its environmental impact," said
Carbonfund.org Executive Director Eric Carlson. "Together we will be able
to make a positive impact on the future of the environment and set a
standard for offsetting emissions for rental cars."

Avis Budget Group also offers its customers a variety of vehicle choices
for reducing environmental impact. Out of a fleet of more than 375,000
vehicles, 63 percent of the fleet is U.S. Environmental Protection Agency
SmartWay Certified and one-fourth of the fleet is rated at 32 miles per
gallon or better. The fleet also includes gas/electric hybrid vehicles for
rent in compact, full-size and small SUV car classes.

In addition to its fleet and field operations practices, Avis and Budget
offer services such as eToll electronic toll collection and where2(R) GPS
navigation systems that can help reduce environmental impact from rental
car use. Avis Budget Group offers customers eToll services in more cities
than any other company, which allows travelers to skip cash payment lines.
Studies found that paying tolls electronically reduces hydrocarbons and
carbon monoxide emissions and also reduces emissions of nitrogen oxides.
where2 GPS navigation systems provide real-time traffic alerts which help
drivers avoid getting lost as well as traffic jams and road construction,
reducing unnecessary driving time and thus reducing emissions.

About Carbonfund.org

Carbonfund.org is the country's leading carbon reduction and offset
organization, making it easy and affordable for individuals, businesses
and organizations to reduce their climate impact. Carbon offsets enable
individuals and businesses to reduce carbon dioxide emissions they are
responsible for in their everyday lives by supporting high-quality
verified renewable energy, energy efficiency and reforestation projects.
Carbonfund.org works with over 900 corporate and non-profit partners
including Discovery, Allstate, Volkswagen, Dell, Orbitz, Environmental
Defense, and Lancome. Website: www.carbonfund.org.

About Avis Budget Group

Avis Budget Group, Inc. (NYSE: CAR) is a leading provider of vehicle
rental services, with operations in more than 70 countries. Through its
Avis and Budget brands, the Company is the largest general-use vehicle
rental company in each of North America, Australia, New Zealand and
certain other regions based on published airport statistics. Avis Budget
Group is headquartered in Parsippany, N.J. and has more than 30,000
employees. For more information about Avis Budget Group, visit
www.avisbudgetgroup.com.

Contact:
Lauren Nodzak
(973) 496-5214
Email Contact

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