Rent With Budget and Receive 'Easy Money'

New Budget Promotion Rewards Renters With a $15 Prepaid MasterCard(R) Gift Card

PARSIPPANY, N.J., March 30 -- It's a great time to rent with Budget! Budget Rent A Car System, Inc. today announced the launch of "Easy Money." Now through May 15, 2005, customers who complete a qualifying weekly rental of five paid days or more and pay for the rental with a MasterCard(R) Card, will receive a $15 Prepaid MasterCard Gift Card.

The Prepaid MasterCard Gift Card can be used for purchases at millions of MasterCard merchant acceptance locations worldwide. To earn the gift card reward, customers must also register for the promotion online at http://www.budget.com/easymoney.

"At Budget, customers enjoy low rates, quality vehicles and friendly service," said Scott Deaver, executive vice president of marketing for Cendant Car Rental Group, parent of Budget. "We're proud to bring these customers another valuable reason to rent with us."

Only one Prepaid MasterCard Gift Card will be issued per customer over the term of the promotion. For complete terms and conditions of this promotion, visit http://www.budget.com/easymoney.

About Budget

Budget Rent A Car System, Inc. is the owner and franchiser of one of the world's best-known car rental brands with nearly 1,900 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand. The company is part of Cendant Car Rental Group, a wholly owned subsidiary of Cendant Corporation , a diversified global provider of business and consumer services primarily within the travel and real estate sectors. For further information visit http://www.budget.com/ or http://www.cendant.com/media.

About MasterCard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment card brands including MasterCard(R), Maestro(R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless(R) advertising campaign is now seen in 96 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to http://www.mastercardinternational.com/ or refer to our filings with the U.S. Securities and Exchange Commission.

Web sites: http://www.budget.com
http://www.budget.com/easymoney
http://www.mastercardinternational.com
http://www.cendant.com/media