Avis Budget Group Chairman and Chief Executive Officer Ronald Nelson to Present at the Lehman Brothers Global Services Conference

Live Webcast Available Thursday, June 7 at 9:30 a.m.

PARSIPPANY, N.J., June 5 -- Avis Budget Group, Inc. , a leading provider of vehicle rental services, today announced that Chairman and Chief Executive Officer Ronald L. Nelson is scheduled to present at the Lehman Brothers Global Services Conference on Thursday, June 7, 2007 in New York.

Mr. Nelson's presentation will be webcast live at 9:30 a.m. EDT, Thursday, June 7. To listen to the discussion, visit the Avis Budget Group website at http://www.avisbudgetgroup.com/ and click on the link provided. A webcast replay will be available shortly after the live presentation, and will be archived on the website.

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/.