Cendant Provides Additional Information Related to Vehicle Rental Business

NEW YORK, July 28  /PRNewswire-FirstCall/ -- Cendant Corporation (NYSE:CD) today announced that it has posted to the "Investor Center" of its Web site at http://www.cendant.com/ additional supplemental information related to Avis Budget Car Rental, LLC and its subsidiaries, the companies that comprise Cendant's vehicle rental business.  The information includes estimated financial information of Avis Budget Car Rental and its subsidiaries for the full year 2006.

Forward-Looking Statements

The information referred to in the press release to be posted to Cendant's Web site contains forward-looking statements. Important information regarding such forward-looking statements is included in such information.  Please review such information for important risks, uncertainties and other factors which may cause Avis Budget Car Rental's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including the information concerning Avis Budget Car Rental's future financial performance. The estimates presented in the information provided on Cendant's Web site are based on management estimates, currently available information and assumptions which management believes to be reasonable. Forward-looking statements are inherently subject to significant economic competitive and other uncertainties and contingencies, many of which are beyond the control of management. We caution that these statements may not be indicative of future performance and we can provide no assurance that such expectations will be achieved. Actual results may differ materially from those expressed or implied in the forward-looking statements.

About Cendant Corporation

Cendant is primarily a provider of travel and residential real estate services. With approximately 85,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries. More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting Cendant's Web site at http://www.cendant.com/. 

DATASOURCE: Cendant Corporation



CONTACT:  Media - Elliot Bloom of Cendant, [phone]; or John

Barrows of Avis Budget Car Rental, [phone]; or Investor  - Sam

Levenson, [phone], or Henry A. Diamond, [phone], both of

Cendant; or David Crowther of Avis Budget Car Rental, [phone]



Web site:  http://www.cendant.com/

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