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Budget Group Progresses on Planned Ryder TRS Acquisition

23 April 1998

Budget Group Receives Early Termination of Hart-Scott-Rodino Waiting Period For Planned Ryder TRS Acquisition

            DAYTONA BEACH, Fla., April 23 -- Budget Group, Inc.
announced today that the Federal Trade Commission has granted early
termination of the 30-day waiting period under the Hart-Scott-Rodino Act in
connection with Budget Group's pending merger agreement with Questor Partners
Fund to purchase Ryder TRS, Inc.  Budget Group, Inc., through subsidiary
companies and their franchisees, operates Budget Car and Truck Rental, the
third largest worldwide car and truck rental system.  Ryder TRS is the
nation's second-largest consumer truck rental company.
    The transaction already has Ryder TRS shareholder approval and the
approval of the Budget Group board of directors.  No further board or
shareholder approvals are required.  Closing is expected to occur later in the
second quarter of 1998 following a vote to increase the number of authorized
Class A common shares.
    This press release does not constitute "proxy solicitation material"
within the meaning of Regulation 14A and Schedule 14A of the Securities
Exchange Act of 1934, as amended.  In addition, this press release shall not
constitute an offer to sell or the solicitation of any offer to buy Budget
Class A common stock nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.

SOURCE  Budget Group, Inc.