Vanguard Car Rental Launches Strategic Alliance With Europcar to Provide Global Car Rental Solution

TULSA, Okla., March 1 -- Vanguard Car Rental Holdings LLC ("Vanguard"), operating under the National Car Rental and Alamo Rent A Car brands, today completed its previously announced sale of its subsidiary, Vanguard Car Rental EMEA Holdings Ltd., which operates in Europe, the Middle East and Africa (EMEA) to Europcar Groupe S.A. ("Europcar"). Vanguard has also entered into an alliance with Europcar to provide a global car rental solution to corporate and leisure customers.

About Vanguard Car Rental Holdings LLC

As operator of the National Car Rental and Alamo Rent A Car brands, Vanguard Car Rental Holdings LLC, through its corporate and licensee locations and its global alliance with Europcar S.A., comprises one of the leading car rental companies in the world, providing a network spanning nearly 6,000 locations in 150 countries, including the United States, Canada, Mexico, Europe, the Caribbean, Latin America, Asia, the Pacific Rim, Africa, the Middle East and Australia.

About Europcar

The French investment company Eurazeo has a majority holding in Europcar, via Europcar Groupe. Europcar is the European leader in passenger car and light utility vehicle rentals. Its network comprises more than 3,000 locations in over 150 countries. With a fleet of over 200,000 vehicles and almost 7 million rental contracts signed in 2005, Europcar provides its services to its clients (business and private) throughout Europe, Africa, the Middle East, Latin America and the Asia-Pacific region. In 2005, Europcar achieved revenues of 1.28 billion euros. In the first half of 2006, revenues increased by 14.6% compared to the first half of 2005. Europcar has a workforce of 5,600 employees.