Avis Budget Group Plans to Announce First Quarter 2008 Results on May 6

Conference Call to Discuss Results Planned for May 7, 2008

PARSIPPANY, N.J., April 30 -- Avis Budget Group, Inc. announced today that it plans to report its first quarter 2008 results after the market close on May 6, 2008 and host a conference call to discuss such results on May 7, 2008 at 9:00 a.m. Eastern time.

Investor Conference Call

Investors may access the May 7th call live at www.avisbudgetgroup.com or by dialing (210) 234-0038 and providing the access code "Avis Budget." A web replay will be available at www.avisbudgetgroup.com following the call. A telephone replay will be available from 2:00 p.m. (ET) on May 7, 2008 until 8:00 p.m. on May 14, 2008 at (203) 369-3846, access code: "Avis Budget."

About Avis Budget Group, Inc.

Avis Budget Group 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 leading 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 AVIS.