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Avis Canada Announces Price Increase

15 October 1999

Avis Canada Announces Price Increase

    GARDEN CITY, N.Y., Oct. 15 -- Avis Canada announced an increase in car 
rental rates of $3.00 per day and $20.00 per week, effective October 18, 1999. 
The rate increase applies to all rentals other than those covered by corporate
agreements or other special arrangements.
    The announcements by Avis Canada follows recent price increases that have
occurred in the car rental industry throughout North America.  William
Boxberger, Vice President and General Manager of Avis Canada, cited increased
vehicle costs and operating expenses along with the need for major capital
investments in recent years as the basis for the price increase.
Mr. Boxberger said, "There have been no real price increases in Canada's rent
a car industry in years; our pricing remains among the lowest in the world.
We believe that the rest of the industry will follow this pricing direction as
they have been affected by the same cost pressures that we have.  As always,
we remain committed to providing outstanding service to our customers at
competitive rates."
    Avis Canada is a wholly owned subsidiary of Avis Rent A Car System, Inc.

    Avis is one of the world's leading providers of comprehensive automotive
transportation and vehicle management solutions, with strengths in car rental,
vehicle leasing, and vehicle management services.  Avis is the second largest
general-use car rental business in the world, with locations in the United
States, Canada, Australia, New Zealand and the Latin American Caribbean
region.  Avis operates the vehicle management and fuel car businesses through
three separate units:  PHH North America, PHH Europe and Wright Express.  The
services of these units consist of a broad range of vehicle related, fee-based
services.  The Company manages a fleet of approximately 1 million vehicles and
has over 3.6 million fuel and maintenance cards outstanding.  Annually, on a
pro-forma basis, the Company generates approximately $4.0 billion in total
revenue.
    For additional information and news, please log onto the Avis Web Site
(http://www.avis.com) or call Company News on Call (1-800-758-5804, access
code #078975).