The Hertz Corporation Announces Expected Price Determination Date in Tender Offers for Certain Series of Outstanding Notes

PARK RIDGE, N.J., Dec. 13, 2005 -- The Hertz Corporation ("Hertz") announced on October 17, 2005 that it had commenced tender offers (the "Offers") to purchase for cash any and all of its securities described as "Fixed Spread Notes" in the Offers to Purchase and Consent Solicitation, dated October 17, 2005, as amended by the Supplement, dated October 21, 2005 (as so amended, the "Statement") and consent solicitations (the "Solicitations") for certain proposed amendments to the indentures pursuant to which the Fixed Spread Notes were issued.

Hertz announced today that it currently expects the "Price Determination Date" with respect to the Fixed Spread Notes to occur at 2:00 p.m., New York City time, on Wednesday, December 14, 2005.

The Offers are being conducted in connection with the pending sale of Hertz by Ford Holdings LLC to CCMG Holdings, Inc. or to a wholly-owned subsidiary thereof (the "Sale Transaction"). The obligation of Hertz to accept for purchase, and to pay the applicable consideration set forth in the Statement, for Fixed Spread Notes validly tendered pursuant to the Offers is conditioned upon the consummation of the Sale Transaction, which is itself subject to certain conditions described in the Statement. Hertz intends to further extend the expiration date of the Offers, if necessary, so that the date on which it initially accepts Fixed Spread Notes for payment pursuant to the terms of the Offers coincides with the closing of the Sale Transaction. In the event that the expiration date with respect to the Offers for the Fixed Spread Notes is extended from the previously scheduled expiration date, a new Price Determination Date will be established, as described in the Statement.

Subject to applicable securities law, Hertz reserves the right to waive any and all conditions to any or all of the Offers and Solicitations or extend, terminate or otherwise amend the Offers and/or Solicitations. In connection with the Sale Transaction, Hertz and/or its subsidiary Hertz Finance Centre plc are offering to purchase the outstanding EUR200,000,000 Floating Rate Notes due July 2007 of Hertz Finance Centre plc pursuant to a concurrent tender offer. Hertz is also offering to purchase the notes described as "Fixed Price Notes" in the Statement pursuant to concurrent tender offers.

Citigroup Corporate and Investment Banking, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Lehman Brothers Inc. are serving as dealer managers and solicitation agents for the Offers and Solicitations; Global Bondholder Services Corporation is serving as information agent and depositary and Deutsche Bank Luxembourg S.A. is serving as Luxembourg tender agent. Questions may be directed to Citigroup Corporate and Investment Banking at (800) 558-3745; Deutsche Bank Securities Inc. at (866) 627-0391; Goldman, Sachs & Co. at (800) 828-3182; J.P. Morgan Securities Inc. at (866) 834-6666; and Lehman Brothers Inc. at (800) 438-3242. Requests for documents may be directed to Global Bondholder Services Corporation at (866) 387-1500 or in writing at 65 Broadway - Suite 704, New York, NY 10006, Attention: Corporate Actions.

About The Hertz Corporation

The Hertz Corporation operates the largest general use car rental business in the world and one of the largest industrial, construction and material handling equipment rental businesses in North America, based on revenues.

Forward-Looking Statements

This news release contains "forward-looking statements." These statements include those that refer to Hertz's expectations about the Sale Transaction. Although Hertz believes its expectations are based on reasonable assumptions, it cannot assure the expectations reflected herein will be achieved. The risks, uncertainties, and assumptions include the possibility that Hertz will be unable to fully realize the benefits anticipated from the Sale Transaction; the possibility that the Sale Transaction may not close including as a result of failure of Hertz to obtain the necessary regulatory approvals and other risks that are described from time to time in the Securities and Exchange Commission (SEC) reports of The Hertz Corporation. Other factors and risks affecting Hertz are contained in Hertz's Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2004, and Current Reports on Form 8-K, dated June 15, 2005 and October 17, 2005, filed with the SEC and available on the SEC's website at http://www.sec.gov/. Hertz undertakes no obligation to subsequently update or revise the forward-looking statements made in this news release to reflect events or circumstances after the date of this news release.

This news release is neither an offer to purchase nor a solicitation of an offer to sell the Fixed Spread Notes in any state or other jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities law of any such state or other jurisdiction. The Offers and Solicitations are only made pursuant to Statement and the related Consent and Letter of Transmittal.

The Offers do not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. In any jurisdiction in which the Offers are required to be made by a licensed broker or dealer and in which the dealer managers, or any affiliates thereof, are so licensed, such Offers shall be deemed to have been made by such dealer managers, or such affiliates, on behalf of The Hertz Corporation.

The Offers are not being made in the Republic of Italy. The Offers and the Statement relating thereto have not been submitted to the clearance procedure of the Commissione Nazionale per le Societa e la Borsa (CONSOB) pursuant to Italian laws and regulations. Holders of Fixed Spread Notes are hereby notified that, to the extent such Holders of Fixed Spread Notes are Italian residents and/or persons located in the Republic of Italy, the Offers are not available to them and they may not submit for tender Fixed Spread Notes in the Offers. Any acceptance received from such persons shall be ineffective and void, and neither the Offers made by the Statement nor any other offering material relating to the Offers or the Fixed Spread Notes may be distributed or made available in the Republic of Italy. In order to ascertain whether a person is located in the Republic of Italy, the applicable laws and regulations governing tender offers in the Republic of Italy shall apply.

The Offers are not being made to, and tenders of Fixed Spread Notes will not be accepted from, or on behalf of, holders of Fixed Spread Notes in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. There are restrictions on the availability of the Offers in the United Kingdom, France and Belgium as more fully set out in the Statement.

Contacts: Global Bondholder Services Corporation, Banks and Brokers Call: (212) 430-3774 or Call Toll Free: (866) 387-1500.