Hertz Global Holdings, Inc. Withdraws Exchange Offer To Acquire Dollar Thrifty Automotive Group, Inc.

Hertz Global Holdings, Inc. announced that it is withdrawing its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (Dollar Thrifty). Hertz decided to withdraw its exchange offer at this time in light of Dollar Thrifty's plan to commence its announced share repurchase program and current market conditions. Hertz continues to believe that a merger with Dollar Thrifty is in the interests of both companies. Hertz remains engaged with the FTC to secure antitrust clearance for the proposed transaction.