ANC Rental Corp. Names Travis Tanner Executive Vice President and Doug Laux Chief Financial Officer and Senior Vice President

    FORT LAUDERDALE, Fla.--Oct. 17, 2002--ANC Rental Corporation today announced two new appointments to senior management, naming Travis Tanner as Executive Vice President and Doug Laux as Senior Vice President and Chief Financial Officer.
    Tanner will be responsible for Worldwide Sales, Marketing, Operations, Business Systems Development, Brand Integrity, Information Technology, and Reservations and Revenue Management. Since joining ANC in April 2002 as Senior Vice President of Sales and Marketing, he has been responsible for several of the company's key initiatives: The new partnership between Alamo Rent A Car and the Walt Disney Corporation, the launching of Alamo's new ad campaign, the securing of key corporate accounts, and the execution of new branding strategies for Alamo and National.
    A native of Gulfport, Mississippi, 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 six years at the helm, 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, Tanner held three positions simultaneously at Walt Disney Attractions: President of Walt Disney Travel Company, Executive VP of Resorts and Senior VP of Sales.
    "As we anticipated when he joined us, in April 2002, Travis brings years of experience, and a great understanding of the car rental industry and of travel in general. He has driven several major initiatives in his short time here and with his expanded responsibilities as Executive Vice President, he'll accomplish even more. We are very fortunate to have him on our team," said Bill Plamondon, President and CEO of ANC.
    Doug Laux replaces Wayne Moore as ANC's Chief Financial Officer and Senior Vice President. He has been an independent consultant for ANC since December 2001, focused primarily on the company's foreign operations and on helping to develop the company's 2002 Business Plan.
    Laux comes to ANC with considerable experience in managing the finances of businesses operating in Chapter 11. Prior posts include taking on the role of CFO at Worldwide Xceed Group, Inc., Drinks.com, Inc. and CFO, COO and Director of Platinum Entertainment, Inc. Doug Laux is a CPA and former partner of Ernst & Young where he was associated for twenty years.
    "Given his previous experience and his knowledge of our company, Doug is the perfect one for this job," said Plamondon. "Now that he's helped us through the tough times, he knows what we're looking to achieve long-term."
    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. ANC, the parent company of Alamo Rent-a-Car and National Car Rental, has more than 3,000 locations in 69 countries. Its more than 17,000 global associates serve customers worldwide with an average daily fleet of more than 275,000 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 SEC filings.