Travis Tanner Named SVP Sales & Marketing, ANC Rental Corporation

    FORT LAUDERDALE, Fla.--April 18, 2002--ANC Rental Corporation, the owner of Alamo Rent A Car and National Car Rental, announced today that Travis Tanner will join ANC as Senior Vice President, Sales & Marketing.
    "The appointment of Travis confirms our strong belief that we will successfully manage through our current situation and that our future is bright," said Lawrence Ramaekers, CEO, President and COO of ANC. "We expect to emerge from bankruptcy as a $3 billion corporation. Travis has the skills and experience to help us lead that kind of company."
    A native of Gulfport, Mississippi, Mr. Tanner launched his career at Republic Airlines (now Northwest Airlines) in 1972. After 12 years he left that company for the first of two stints with Carlson Travel Group. He rose to CEO of Carlson, which he merged with Wagonlit Travel to form the first truly global travel company. After 6 years at the helm, Mr. Tanner left Carlson Wagonlit to form his own company, Grand Expeditions, Inc. Today GEI is one of the premier upscale tour operators in North America. Between stints at Carlson Travel, Mr. Tanner simultaneously held three positions at Walt Disney Attractions: President of Walt Disney Travel Company, Executive VP of Resorts and Senior VP of Sales.
    "This is a tremendous opportunity for me to join a group of very bright people, who have a consistent vision of success," said Tanner. "I look forward to helping build ANC into the leading car rental company in the world."
    ANC Rental Corporation, headquartered in Fort Lauderdale, is one of the world's largest car rental companies with annual revenue of approximately $3.2 billion in 2001. Parent company of Alamo and National, the corporation operates in over 3,000 locations in 69 countries. Its more than 17,000 associates serve customers worldwide with an average daily fleet of approximately 271,000 automobiles.

    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.