Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Dollar Thrifty Automotive Group, Inc.

BENSALEM, Pa.--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Dollar Thrifty Automotive Group, Inc. (“Dollar Thrifty�?? or the “Company�??) related to the Company’s agreement to be acquired by Hertz Global Holdings, Inc. (“Hertz�??). The proposed cash-and-stock transaction values Dollar Thrifty stock at approximately $41.00 per share.

Under the terms of the definitive agreement entered into by the parties, the $41.00 per share purchase price comprises 80% cash consideration and 20% stock consideration. The cash portion will be paid in two components: (i) a $200 million special cash dividend representing approximately $6.88 per share to be paid by Dollar Thrifty immediately prior to the transaction closing, and (ii) $25.92 per share to be paid by Hertz at the closing. The stock portion will be paid at a fixed exchange ratio of 0.6366 per share, based on the $12.88 per-share closing price of Hertz common stock on April 23, 2010. Upon completion of the transaction, Dollar Thrifty stockholders will own approximately 5.5% of the combined company on a diluted basis, and Dollar Thrifty will become a wholly owned subsidiary of Hertz. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Dollar Thrifty’s board of directors.

If you own shares of Dollar Thrifty, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.