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Avis Group Remains Comfortable with Earnings Projections

1 September 2000

Avis Group Remains Comfortable with Earnings Projections

    GARDEN CITY, N.Y., Sept. 1 Avis Group Holdings, Inc.
announced today that it remains comfortable with its earnings
projections for the third and fourth quarters of 2000, as well as the strength
of its long-term business in light of recent announcements by industry
competitors.
    "All of our businesses continue to be consistently strong and we remain
confident with the financial projections we have provided the investment
community for the remainder of this calendar year and into 2001," said A.
Barry Rand, Chairman and Chief Executive Officer of Avis Group Holdings, Inc.
"All of our most current data strongly support this position."
    Kevin Sheehan, President of Corporate and Business Affairs, stated, "We
began the year with a First Call consensus estimate of $2.80 and based on the
strengths of each of our businesses, we have upgraded our 2000 and 2001
estimates to $3.13 and $3.98, respectively.  Our confidence level is further
strengthened with the closing of the BNP Paribas business as well as the
strength of our fuel card businesses.