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Budget Group Receives Waiver and Amendment to Working Capital Facility

15 November 2000

Budget Group Receives Waiver and Amendment to Working Capital Facility

    LISLE, Ill., Nov. 15 Budget Group, Inc.,
announced today that its bank group has provided the Company with a waiver and
amendment to its working capital facility.  The waiver period extends through
January 31, 2001.  The amendment requires the company to provide additional
collateral, modifies certain investment restrictions and limits usage of the
facility.  This working capital facility is used primarily to provide credit
enhancement for the company's fleet borrowings.  There is no outstanding
balance on this facility.
    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.  For more
information, visit the Company's Web site at http://www.budget.com .
    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 may involve a
number of risks, uncertainties and other factors that could cause Budget
Group, Inc.'s actual results to differ materially from such forward-looking
statements.  Additional information is contained in the Company's Annual
Report on Form 10-K for the year ended December 31, 1999, Form 10-Q for the
third quarter ended September 30, 2000, and other documents filed by the
Company with the SEC, all of which are available from the SEC.