FOR IMMEDIATE RELEASE

Contacts:

Leslie Hunziker

Hertz Investor Relations

(201) 307-2337

lhunziker@hertz.com

Richard Broome

Hertz Media Relations

(201) 307-2486

rbroome@hertz.com

HERTZ ANNOUNCES PRICING OF EUR 400 MILLION

SENIOR SECURED NOTES

PARK RIDGE, NJ, June 25, 2010 —Hertz Global Holdings, Inc. (the “Company”) (NYSE: HTZ) announced today that its subsidiary Hertz Holdings Netherlands B.V., a private company with limited liability incorporated under the laws of The Netherlands, priced EUR 400 million in aggregate principal amount of 8.5% Senior Secured Notes due 2015 (the “Notes”).  The Notes are to be sold only to qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to investors outside the United States pursuant to Regulation S under the Securities Act.

The Notes will be rated B1 by Moodys and B by S&P and will be guaranteed on a senior unsecured basis by The Hertz Corporation (“THC”), a wholly-owned subsidiary of the Company, and certain United States subsidiaries of THC and on a senior secured basis by certain non-United States subsidiaries of THC. The net proceeds of the offering, together with amounts to be drawn under a European revolving credit facility which was entered into on June 24, 2010 and which we anticipate will be available upon the closing of the Note offering, will be used to refinance our outstanding International Fleet Debt Facilities and Belgian Fleet Financing Facility, and any excess will be used for general purposes.  The offering is expected to close on June 30, 2010, subject to customary closing conditions.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The Notes have not been and will not be registered under the Securities Act or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecasts” or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in

these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the outcome of the offering (including whether such can be completed or completed on terms acceptable to the Company) could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative. Among other items, such factors could include the effect of the debt markets on the offering and the ability of the Company to satisfy the closing conditions to the offering. In light of these risks, uncertainties and assumptions, the Company cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

ABOUT THE COMPANY

Hertz is the largest worldwide airport general use car rental brand operating from more than 8,200 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company’s Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the Advantage car rental brand at 26 airports in the U.S., global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, and new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 325 branches in the United States, Canada, China, France and Spain.