United Rentals Announces Final Results of Tender Offer

GREENWICH, Conn.--(Business Wire)--
United Rentals, Inc. (NYSE: URI) announced today the final results
of its previously announced "modified Dutch Auction" tender offer to
purchase up to 27,160,000 shares of its common stock, which expired at
5:00 p.m., New York City time, on Wednesday, July 16, 2008.

In accordance with the terms and conditions of the tender offer,
the company has accepted for purchase 27,160,000 shares, representing
approximately 31.4% of its outstanding common stock, at a price of
$22.00 per share, for a total cost of approximately $597.5 million
(excluding fees and expenses relating to the tender offer).

Based on the final tabulation by American Stock Transfer & Trust
Company, the depositary for the tender offer, a total of 71,979,730
shares were validly tendered (including by guaranteed delivery
procedures) and not withdrawn at a price of $22.00 per share. Because
more than 27,160,000 shares of common stock were validly tendered and
not withdrawn, the tender offer was oversubscribed. As a result, the
depositary has informed the company that, after giving effect to the
priority for "odd lots", the final proration factor for the tender
offer is 37.66%. Also, as a result of this oversubscription, the
company will not be purchasing any shares issuable upon the
conditional exercise of options or warrants tendered pursuant to the
tender offer.

The company will promptly deposit with the depositary funds
sufficient to pay for the shares accepted for purchase in the tender
offer and will promptly cause to be returned all shares tendered and
not accepted for purchase. After giving effect to the purchase of the
shares, the company expects to have outstanding approximately 59.3
million shares of common stock.

Questions and requests for information about the tender offer
should be directed to the information agent for the offer, D.F. King &
Co., Inc., at (800) 269-6427 or (212) 269-5550 (for banks and
brokers).

About United Rentals

United Rentals, Inc. is the largest equipment rental company in
the world, with an integrated network of over 670 rental locations in
48 states, 10 Canadian provinces and Mexico. The company's
approximately 10,400 employees serve construction and industrial
customers, utilities, municipalities, homeowners and others. The
company offers for rent over 2,900 classes of rental equipment with a
total original cost of $4.2 billion. United Rentals is a member of the
Standard & Poor's MidCap 400 Index and the Russell 2000 Index(R) and
is headquartered in Greenwich, Conn. Additional information about
United Rentals is available at www.unitedrentals.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking
statements. These statements can generally be identified by words such
as "believes," "expects," "plans," "intends," "projects," "forecasts,"
"may," "will," "should," "on track" or "anticipates," or the negative
thereof or comparable terminology, or by discussions of vision,
strategy or outlook. Our businesses and operations are subject to a
variety of risks and uncertainties, many of which are beyond our
control, and, consequently, actual results may differ materially from
those projected by any forward-looking statements. Factors that could
cause actual results to differ from those projected include, but are
not limited to, the following: (1) weaker or unfavorable economic or
industry conditions can reduce demand and prices for our products and
services, (2) non-residential construction spending, or governmental
funding for infrastructure and other construction projects, may not
reach expected levels, (3) we may not always have access to capital
that our businesses or growth plans may require, (4) any companies we
acquire could have undiscovered liabilities, may strain our management
capabilities or may be difficult to integrate, (5) rates we can charge
and time utilization we can achieve may be less than anticipated, (6)
costs we incur may be more than anticipated, including by having
expected savings not be realized in the amounts or time frames we have
planned, (7) competition in our industry for talented employees is
intense, which can affect our employee costs and retention rates, (8)
we have significant debt leverage, which leverage requires us to use a
substantial portion of our cash flow for debt service and will
constrain our flexibility in responding to unanticipated or adverse
business conditions, (9) we are subject to an ongoing inquiry by the
SEC, and there can be no assurance as to its outcome, or any other
potential consequences thereof for us, (10) we are subject to
purported class action lawsuits and derivative actions filed in light
of the SEC inquiry and additional purported class action lawsuits
relating to the terminated merger transaction with Cerberus
affiliates, and there can be no assurance as to their outcome or any
other potential consequences thereof for us, and (11) we may incur
additional significant costs and expenses (including indemnification
obligations) in connection with the SEC inquiry, the purported class
action lawsuits and derivative actions referenced above, the U.S.
Attorney's Office inquiry, or other litigation, regulatory or
investigatory matters, related to the foregoing or otherwise. For a
fuller description of these and other possible uncertainties, please
refer to our Annual Report on Form 10-K for the year ended December
31, 2007, as well as to our subsequent filings with the SEC. Our
forward-looking statements contained herein speak only as of the date
hereof, and we make no commitment to update or publicly release any
revisions to forward-looking statements in order to reflect new
information or subsequent events, circumstances or changes in
expectations.

Hyde Park Financial Communications
Fred Bratman, 203-618-7318
Cell: 917-847-4507
fbratman@hydeparkfin.com

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