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Budget Group Signs Five-Year Outsourcing Agreement with CSC

23 March 1999

Budget Group Signs Five-Year Outsourcing Agreement with CSC

    DAYTONA BEACH, Fla., March 22 -- Budget Group, Inc.
today announced the signing of a five-year global technology
agreement with Computer Sciences Corporation .
    The five-year agreement, valued at approximately $200 million, calls for
CSC to combine its outsourcing and business transformation skills to help
streamline and consolidate Budget Group's Information Technology (I/T)
operations.
    As part of the agreement, CSC will run and manage the I/T operations of
Budget Group's Budget Rent a Car, Budget International and Budget Car Sales
subsidiaries. These I/T operations include data centers, networks, user
support, applications and maintenance. In addition, about 100 Budget Group
subsidiary employees -- more than 95% of the people offered jobs -- have
agreed to join CSC in Budget locations spanning Chicago, Indianapolis,
Orlando, Dallas, France and the U.K.
    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.
    Computer Sciences Corporation helps clients in industry and
government use information technology to achieve strategic and operational
objectives.  The company develops individual business solutions that are
delivered by CSC's 49,000 employees in more than 700 offices worldwide in
areas such as management and information technology consulting, systems
consulting and integration, operations support and information services
outsourcing.  CSC had revenues of $7.4 billion for the twelve months ended
January 1, 1999.  Its headquarters are in El Segundo, California.  For more
information, visit the company's web site at http://www.csc.com.