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Avis Rent A Car, Inc. Announces Stock Repurchase

1 September 1998

Avis Rent A Car, Inc. Announces Stock Repurchase

    GARDEN CITY, N.Y., Sept. 1 -- The Board of Directors of Avis
Rent A Car, Inc. today authorized the repurchase of up to
1,500,000 shares of Avis common stock.
    "At its current price, our stock is an outstanding value and therefore we
have initiated a repurchase program.  The repurchase is a strong vote of
confidence in the future of Avis Rent A Car, Inc. and a means of enhancing
shareholder value," said R. Craig Hoenshell, Chairman and Chief Executive
Officer of Avis Rent A Car, Inc.
    Currently, there are 35,925,000 issued and outstanding shares of Avis Rent
A Car, Inc. common stock.  The repurchase of the stock will be made in the
open market.
    Avis Rent A Car, Inc., with locations in the United States, Canada,
Australia, New Zealand, Argentina, Puerto Rico and the U.S. Virgin islands, is
one of the leading car rental companies in the world.  Annually, the Company
completes approximately 15 million rental transactions with a fleet averaging
approximately 200,000 vehicles, generating over $2.3 billion in total revenue.
    Except for the historical information contained herein, the matters set
forth in this press release are forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995.  These forward-looking statements are subject to risks and
uncertainties and may cause actual results to differ materially.  These
forward-looking statements speak only as of the date hereof.  Avis disclaims
any intent or obligation to update these forward-looking statements.