Company Profile For Avis Europe plc

Avis Europe plc is an international vehicle rental services company. Under the Avis and Budget brands, the Company operates more than 3,900 corporate and licensee locations in Europe, Africa, the Middle East and Asia. During the year ended December 31, 200, the Company had an average fleet of 117,000 vehicles, and completed over eight million rental transactions. The Company has commercial ties with Avis Budget Group, Inc, which owns the global rights to the two brands, as well as the Wizard rental and reservation system. Long-term agreements with Avis Budget Group, Inc, gives the Company the rights to use the Avis and Budget names, brands and operating systems through master licensing agreements until 2036. During the year ended December 31, 200, the Company’s revenues from the Avis branded business represented 96% of overall revenue and the Avis corporate countries accounted for approximately 93% of overall revenue.

BRIEF: For the fiscal year ended 31 December 2008, Avis Europe plc's revenues decreased 1% to EUR1.31B. Net loss from continuing operations totaled EUR11.2M vs. an income of EUR15.4M. Revenues reflects decreased income from Avis Licensees and Budget Licensees division due to lower average rental length across all customer groups. Net loss also reflects a decrease in gross margins due higher cost of sales and a rise in income tax expense.

Avis Europe plc
Avis House
Park Road
Berkshire
Bracknell   ENG   RG12 2EW
P: +441344.426644
F: +441344.485616

5967