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Republic Industries Ends Discussions With Van Tuyl Automotive Group

9 October 1998

Republic Industries Terminates Discussions With Van Tuyl Automotive Group

    FORT LAUDERDALE, Fla., Oct. 8 -- Republic Industries, Inc.
announced today that it had been in discussions with the Van Tuyl
Automotive Group regarding a possible transaction. Due to market conditions,
however, these discussions have been terminated.
    Republic Industries, Inc. operates subsidiaries in the automotive
retailing, automotive rental and solid waste industries. The Company owns the
nation's largest group of franchised automotive dealerships and operates the
AutoNation USA used vehicle megastore chain. Republic also owns and operates
National Car Rental Systems, Inc., Alamo Rent-A-Car, and CarTemps USA.