Avis Budget Group Plans to Announce Fourth Quarter and Full-Year 2006 Results on February 20

Conference Call to Discuss Results Planned for February 21, 2007

PARSIPPANY, N.J., Feb. 13 -- Avis Budget Group, Inc. announced today that it plans to report its fourth quarter and full-year 2006 results after the market close on February 20, 2007 and host a conference call to discuss such results on February 21, 2007 at 9:00 a.m. Eastern time.

Investor Conference Call

Investors may access the February 21st call live at http://www.avisbudgetgroup.com/ or by dialing (210) 234-0063 and providing the access code "Avis Budget." A web replay will be available at http://www.avisbudgetgroup.com/ following the call. A telephone replay will be available from 2:00 p.m. (ET) on February 21, 2007 until 8:00 p.m. on February 28, 2007 at (203) 369-3133, access code: "Avis Budget."

About Avis Budget Group, Inc.

Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. and has more than 30,000 employees. For more information about Avis Budget Group, visit http://www.avisbudgetgroup.com/.