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Budget Group Appoints Former BP Amoco Executive As Chief Financial Officer

9 August 2000

Budget Group Appoints Former BP Amoco Executive As Chief Financial Officer

    LISLE, Ill. - Budget Group, Inc. today announced the appointment of William 
S. Johnson, a 16-year executive with BP Amoco (formerly Amoco), as executive 
vice president and chief financial officer.  Johnson, age 43, will oversee all 
the financial and treasury activities of Budget Group, Inc.

    Johnson is a well-respected and seasoned executive who brings an
impressive record of financial management and business leadership to Budget
Group.  He most recently served as president of Amoco Fabrics and Fibers
Company, an $850 million international business unit of BP Amoco with over
7,000 employees, 16 manufacturing sites, and activities in North America,
South America, Europe and Asia.  Johnson led a successful strategic
restructuring effort to refocus this division on its core product areas, which
resulted in significant improvements in net income and cash flow.  He was also
formerly in charge of all of Amoco's polymer products as vice president,
Global Business Management, Amoco Polymers, Inc., a $900 million business
unit, and served in Hong Kong as vice president, Venture Development for Amoco
Chemical Asia Pacific.  In addition, Johnson spent several years as a member
of Amoco's Corporate Finance Group, where he evaluated capital spending and
financing projects worldwide, oversaw financial reporting and analysis, and
secured financing arrangements.

    "Bill is a tremendous addition to Budget Group's experienced management
team and his expertise will be a valued asset as we continue our strategic
plan to improve profitability and focus on our core car and truck rental
businesses," stated Budget Group president and chief operating officer Mark
Sotir.

    Johnson replaces Neal S. Cohen, who has resigned for personal reasons.
While at Budget, Cohen led the successful structuring of financing facilities
to support the Company's peak fleet as well as directed the implementation of
a number of finance best practices.

    Budget Group Chairman and CEO Sandy Miller added, "We anticipate a
seamless transition of responsibilities with this change in leadership.  We
recognize Neal's contributions to the Company and wish him well in his future
endeavors."

    Budget Group, Inc. owns Budget Rent a Car Corporation and Ryder TRS, Inc.
Budget is the world's third largest car and truck rental system and Ryder TRS
is the nation's second largest consumer truck rental company.