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Conference Call Invitation Avis Group Holdings, Inc. (NYSE: AVI)

20 July 2000

Conference Call Invitation Avis Group Holdings, Inc. (NYSE: AVI)

               Avis Group Holdings, Inc. cordially invites you
                to participate in a conference call to review
                    Second Quarter, 2000 Financial Results


         Representing Avis Group Holdings, Inc. on the call will be:

                   Mr. A. Barry Rand, Chairman of the Board
                         and Chief Executive Officer

          Mr. Kevin M. Sheehan, President -- Corporate and Business
                     Affairs and Chief Financial Officer


           Date:    Tuesday, July 25, 2000
           Time:         10:00 a.m. EST

                                 Please dial
               800-230-1085 (USA), 612-288-0337 (International)
        10 Minutes prior to the start time and ask to be connected to
                        the Avis Group Holdings, Inc.
                     Second Quarter 2000 Conference Call

         If you have any questions prior to the call, please contact:

                 Greg Faulhaber             Elizabeth Logler
                 Media Relations            Investor Relations
                 516-222-3876               516-222-4795

    A digitized replay of the call will be made available four hours after the
    call on Tuesday, July 25th, after 2:00 p.m. through August 15th, at 11:59
    p.m.  To obtain the audio replay, please call: 1-800-475-6701(USA),
    320-365-3844 (International), and dial in Access Code 526772.