Avis Budget Group Named as a Top Supplier for Sears Holdings Corporation

PARSIPPANY, N.J., July 9 -- Avis Budget Group, Inc., parent of Avis Rent A Car, LLC and Budget Rent A Car System, Inc., today announced that it has been selected by Sears Holdings Corporation to receive top honors at Sears Holdings' 2006 "Partners in Progress" awards. The prestigious award is presented annually to a small group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings' more than 41,000 suppliers earn the coveted award each year.

"Partners in Progress was started more than 20 years ago and is a testament to the importance we place on having strong supplier relationships," said Aylwin B. Lewis, chief executive officer and president of Sears Holdings Corporation. "The Sears Holdings culture is one that places a high priority on teamwork and a focus on customers. The Partners in Progress program allows our company to recognize those suppliers who have gone above and beyond to support Sears Holdings' in our efforts to better serve our customers and grow profitably by working together."

"We are committed to providing customers with quality vehicles and exemplary service," said Ronald L. Nelson, chairman and chief executive officer of Avis Budget Group. "From technology innovations and the famous 'We Try Harder' service at Avis, to the reliability and value for which Budget is renowned, we offer a broad range of products and services that meet the vehicle rental needs of any traveler. We are proud to receive the Sears Partner in Progress award and look forward to expanding our relationship."

The Partners in Progress program recognizes suppliers for product or service quality, innovation, diversity and overall market performance. The winners were selected from nominations submitted by Sears' associates who purchase goods and services for the company in 2006.

Avis Budget Group has more than 1,200 neighborhood car rental locations in the United States. More than 130 of these are located within the Sears Auto Center.

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 operator 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 on Avis Budget Group, visit http://www.avisbudgetgroup.com/.