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Budget Group Proposes to Issue $350 Million of Senior Notes

23 March 1999

Budget Group Proposes to Issue $350 Million of Senior Notes

    DAYTONA BEACH, Fla., March 22 -- Budget Group, Inc.
announced today that it proposes to issue $350 million of senior
notes due 2006 pursuant to Rule 144A of the Securities Act of 1933.
    Budget Group expects that the proposed private offering will be
consummated by April 9, 1999.  Budget Group will use the net proceeds of the
proposed offering to reduce asset-backed indebtedness.  The notes issued
pursuant to the offering will have registration rights but will not be
initially registered under the Securities Act of 1933 and may not be offered
or sold in the United States absent registration or an applicable exemption
from registration requirements.
    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the notes in
any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any state or jurisdiction.
    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 VPSI, 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.