Cendant Steps Up Efforts to Locate and Support Employees of Fairfield Timeshare and Avis and Budget Rental Car Units

- 85 Still Unaccounted For; Company Offering its Displaced Associates Help With Housing, Pay, and Alternative Employment -

NEW YORK, Sept. 8 -- Cendant Corporation announced that it is still attempting to make contact with 85 of its Fairfield Resorts, Avis and Budget colleagues who lived and worked in the areas devastated by Hurricane Katrina. The Company continues to encourage co-workers, friends, relatives or anyone else with information concerning the whereabouts of these associates (see list below) to contact Cendant through a special toll-free hotline (866-827-2347).

"I am very pleased to report that we've made significant progress over the past week and have located nearly 460 of our employees who were in the affected areas," said Henry R. Silverman, Cendant Corporation chairman and chief executive officer. "Fortunately, we've been able to move these employees and their families into hotels, resorts and other temporary housing. Additionally, we've taken steps to ensure that all displaced employees are paid in a timely manner, and we're helping them find alternative employment within our company, thus bringing some degree of normalcy and financial stability back into their lives."

Efforts to locate employees have included a dedicated advertising and publicity campaign in the affected and surrounding areas; the distribution of informational flyers at Red Cross shelters; the placement of a large banner outside the Reliant Astrodome in Houston that promotes the Cendant employee hotline phone number (photo is available upon request); networking through fellow displaced employees; the cross-referencing of employee names with lists of evacuees; posting notices on Web sites established to help people reconnect; and the dispatch of Company managers to shelters.

About Cendant Corporation

Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately 85,000 employees, New York City-based Cendant provides these services to business and consumers in over 100 countries. More information about Cendant, its subsidiaries and brands may be obtained by visiting the Company's Web site at http://www.cendant.com/

 Cendant Employees in the Region Affected by Hurricane Katrina Who Remain
       Unaccounted For as of Thursday, September 8, 2005 at 10 a.m.

                         Cendant Car Rental Group
                             Avis and Budget

   Gerard Adams             Christopher Henry        Robert Phillips
   Joseph Anderson          Deaundra Hilton          Sergie Ponomarov
   Mary Bell                John Hoppe Jr.           Joseph Rainey Jr.
   Leon Bradford            Irving Johnson           James Randle
   Kevin Butler             Ambrose Johnson Jr.      Tai Raymond
   Rodney Cartwright        Kendall Jones            Elaine Redmon
   Christopher Chaney       Herman Kobrock           Nathan Roussel
   Morris Clark             Jerome Learson           Richard Sheridan
   Vincent Danna            Ronald Lee               Dwight Smith
   Glenn Dickerson          Corey Leonard            Joseph Stewart
   Rigoberto Dimas          Stephen Matthews Jr.     Hawk Tom
   William Dooley           Mary Nappe-Dyer          Esteban Villegas
   Lawrence Dupree          Herman Nicholson         Lucien Vontoure
   Christy Gerard           Jodi Nordhausen          John Wallace
   Donald Gray              Richard Osborne          George Whitlow
   Victor Gurley            Donna Parker             James Wings
   Derrick Harris           Brandon Pettis

                      Cendant Timeshare Resort Group
                            Fairfield Resorts

   Sandra Adolf            Shannon Fernandez       Kathryn O'Conner
   James Anthony           Lynette Gough           Lori Preston
   Gerald Arieux Jr.       Shon Henderson          Norman Rogers
   Patricia Breeding       Branden Jones           Judith Schnadelbach
   Vinetra Brocks          Schanta Jones           Ronald Schwary Jr.
   Charlene Brown          Charlotte Keenan        Earline Smith
   Angela Brumfield        Leon Lee                Frederich Sprinkle
   Debra Crane             Solomon Lewis           Jana Thompson
   Debra Cunningham        Michael Miller Jr.      Michael Tucker
   Jon Davis               Glenn Montgomery        Lapeteria Watson
   Dominique Domio         Dayna Ned               Donald Williams Jr.
   George Dunbar II                                Joseph Young

   Media Contacts:
   Elliot Bloom, Cendant
   212-413-1832

   John Barrows, Cendant Car Rental Group
   973-496-7865

   Kathy Hernandez, Cendant Timeshare Resort Group
   407-248-3599

NOTE TO EDITORS: If you are interested in receiving the photograph mentioned above or a four-color map of the affected region that depicts the migration of Cendant's employees to evacuation areas, please contact Breanne Volk at 973-496-8829.