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Budget Group, Inc. Announces Pricing of Tender Offer

1 July 1998

Budget Group, Inc. Announces Pricing of Tender Offer for Ryder TRS Bond

    DAYTONA BEACH, Fla., July 1 -- Budget Group, Inc.
announced that it has determined the purchase price for the pending tender
offer and consent solicitation for the outstanding 10% Senior Subordinated
Notes Due 2006 (the "Fixed Rate Notes") of Ryder TRS, Inc. to be $1,159.81 per
U.S. $1,000 principal amount of the Fixed Rate Notes, including a consent
payment of U.S. $20 per U.S. $1,000 principal amount of the Fixed Rate Notes,
based on a payment date of July 8, 1998 (plus accrued and unpaid interest).
The purchase price is equal to the present value on the payment date based on
a yield of 6.067%, which is equal to the sum of the yield on the 6.125% U.S.
Treasury Note due December 31, 2001, as of 2:00 p.m. New York City Time on
June 30,1998, of 5.567%, plus 50 basis points.  The consent payment will be
payable only to those holders that validly tendered and consented prior to
5:00 p.m. New York City Time on June 18, 1998.
    Although the offer to purchase will remain open until 5:00 p.m. New York
City Time on July 2, 1998, Budget has already received tenders and consents
from registered holders representing 100% of the outstanding principal amount
of the fixed rate notes.
    Any questions concerning the tender offer and consent solicitation should
be directed to Credit Suisse First Boston Corporation, the Dealer Manager,
MacKenzie Partners, Inc., the Information Agent, or The Bank of New York, the
depository, at the telephone numbers set forth below:

    Credit Suisse     MacKenzie Partners, Inc.     The Bank of New York
    First Boston
    212-325-2547      212-929-5500                 212-815-2742
    800-221-1037      800-332-2885

    This news release is neither an offer to purchase nor a solicitation of an
offer to sell securities.  The tender offer is only made pursuant to the
offering documents.
    Budget Group, Inc., through subsidiary companies and their franchisees,
operates Budget Car and Truck Rental, the third largest worldwide car and
truck rental system.  In addition, the company owns Premier Car Rental, which
serves the insurance replacement market.  Budget Group also owns Budget Car
Sales, one of the largest independent retailers of late model vehicles in the
United States, and Cruise America, the largest recreational vehicle rental and
sales company in North America.  The company also operates airport parking
facilities at certain locations and, through Van Pool Services, leases vans
for van pooling operations.
    Ryder TRS rents trucks to both individual consumers and businesses.  Ryder
TRS is the second largest provider of truck rentals and related moving
supplies and services to consumers and light commercial users in the United
States, with a fleet of approximately 29,000 trucks as of December 31, 1997.