Hertz and ITL Partner in Vietnam on Outbound Car Rentals

Hertz appoints ITL as General Sales Agent in Vietnam to grow outbound car rentals from the fast-growing country

PARK RIDGE, NJ--April 10, 2012:  The Hertz Corporation (NYSE:HTZ), the world's largest general use car rental company, has appointed ITL, a premier logistics, transportation and aviation services provider, as its General Sales Agent (GSA) representative for international and business travelers from Vietnam.

Through this partnership, travelers from Vietnam can benefit from the direct booking through ITL to reserve Hertz cars across more than 8,500 locations worldwide. This includes unique cars and sports utility vehicles offered through Hertz Fun / Adrenaline, Prestige and Green Traveler Collections.

Michel Taride, President Hertz International and Executive Vice President at Hertz Corporation, commented: "Vietnam is a rapidly developing country from a dynamic and emerging market economy in Southeast Asia. We are excited to appoint ITL, one of Vietnam's biggest 500 companies, to expand and extend Hertz's visibility into Vietnam, as well as to tap into the growing affluence and market potential of the Asian traveler."

"We are excited about the partnership with The Hertz Corporation, and the opportunity to offer to the Vietnam market access to Hertz' global car rental services," said Ben Anh, ITL's General Director. "We believe that our car rental services will provide international business and leisure travelers with the safe, convenient and comfortable service that the global traveler has come to expect.

ITL will manage Hertz's outbound sales, marketing and reservation activities in Vietnam, reinforcing Hertz's commitment in Southeast Asia.  ITL is one of the fastest growing local companies, incorporated in 1999 and had grown to be one of Vietnam's top 500 companies since 2007.

Vietnam, one of Next Eleven (N-11), has been rising as a leading agricultural exporter and an attractive foreign investment destination in Southeast Asia. Nearly 13,670 valid foreign direct investment (FDI) projects have operated in Vietnam by mid December with a total registered capital of $198 billion.

About ITL

ITL offers integrated logistics solutions with businesses in air and sea freight forwarding, third-party logistics solutions and distribution, and general sales agency for airlines. ITL is headquartered in Ho Chi Minh City, the financial and economic hub of Vietnam, and has offices in Hanoi, the capital of Vietnam, and Danang, the leading industrial centre in Central Vietnam.

ITL's joint venture partners include Keppel Logistics, CEVA Logistics, Mitsubishi Logistics, and Singapore Post. In 2011, SingPost acquired a 30% stake in ITL Corporation.