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Budget Group Announces Pricing of $400 Million of Senior Notes

9 April 1999

Budget Group Announces Pricing of $400 Million of Senior Notes

    DAYTONA BEACH, Fla., April 8 -- Budget Group, Inc.
announced today the issuance of $400 million of Senior Notes due 2006.  The
notes were priced to yield 9.125%.  The net proceeds will be used to repay
outstanding indebtedness under maturing medium-term notes used to finance
fleet and will not result in increased total indebtedness.  Additionally, this
is the first step in changing the mix of debt from secured to unsecured as the
company moves toward achieving an investment grade rating.  The securities
have not been registered under the Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements.
    Statements made in this press release that are not historical in nature
may include 'forward-looking statements' within the meaning of the federal
securities laws.  It is important to note that these statements involve a
number of risks, uncertainties and other factors that could cause Budget
Group, Inc.'s actual results to differ materially from those projected in such
forward-looking statements.  Additional information concerning such matters is
contained in the Company's Annual Report on Form 10-K for the year ended
December 31, 1998, and other documents subsequently filed by the Company with
the SEC, all of which are available from the SEC.
    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.