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Budget Group Announces Stock Repurchase Approval

23 November 1998

Budget Group Announces Stock Repurchase Approval

    DAYTONA BEACH, Fla., Nov. 23 -- Budget Group, Inc.
today announced that its Board of Directors has authorized the repurchase of
up to 1.5 million shares of the Company's common stock.
    Sandy Miller, Chairman and CEO, said purchases will be made on the open
market from time to time when the Company deems it appropriate.  "This
authorization to repurchase shares is an expression of our confidence in
Budget Group's long-term strategic plan and underscores our belief that the
shares are undervalued."
    Budget Group, Inc. is a global network of vehicle rental and sales
companies operating in three principal segments: Car Rental, Truck Rental and
Car Sales.  In Car Rental, Budget Group, through subsidiary companies and
their franchisees, operates Budget Rent a Car Corporation, the world's third
largest car and truck rental system, and Premier Car Rental, the nation's
third largest company serving the insurance replacement market.  The company
also operates Van Pool Services, the U.S. leader in commuter van pooling
services, and Budget Airport Parking, a system of airport parking units
located adjacent to Budget Rent a Car facilities in select locations.  In
Truck Rental, Budget Group operates Ryder TRS, the nation's second largest
consumer truck rental company; Budget Truck Rental, the third largest consumer
truck rental company; and Cruise America, the largest recreational vehicle
rental and sales company in North America.  In Car Sales, Budget Group
operates Budget Car Sales, one of the leading independent retailers of late
model vehicles in the U.S. with both new and used car dealerships.