ANC Rental Corporation Announces Delisting From The Nasdaq Stock Market

    FORT LAUDERDALE, Fla.--Nov. 26, 2001--ANC Rental Corporation announced today that it was notified by the Nasdaq listing qualifications staff that the company's securities would be delisted from the Nasdaq Stock Market as of the opening of business today, November 26, 2001, for failure to comply with the Nasdaq continued listing requirements. ANC has decided not to appeal the delisting. ANC announced on November 13, 2001 that it had filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in Wilmington, Delaware.
    ANC Rental Corporation, headquartered in Fort Lauderdale, is one of the world's largest car rental companies with annual revenue of approximately $3.5 billion in 2000. ANC Rental Corporation, the parent company of Alamo and National, has more than 3,000 locations in 69 countries and employs approximately 17,000 associates worldwide.

    Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause the actual results to differ materially from management's projection, forecasts, estimates and expectations is contained in the Company's Form 10-K and other SEC filings.