Hertz Announces Sale of ~60.05M Shares of Common Stock by Selling Holders

Hertz Global Holdings, Inc.(NYSE: HTZ) ("Hertz Holdings") announced today the sale of an aggregate of60,050,777 shares of common stock of Hertz Holdings by investment fundsassociated with Clayton, Dubilier & Rice, LLC ("CDR"), The Carlyle Group("Carlyle") and BofA Merrill Lynch ("Merrill Lynch" and, together with CDR andCarlyle, the "Sponsors") to Citigroup and Barclays Capital Inc. as theunderwriters in the registered public offering of those shares. The shares arebeing sold on a pro rata basis by these investment funds, which are existingstockholders of Hertz Holdings, in accordance with their current ownershipinterests, except that ML Global Private Equity Fund, L.P. and ML HertzCo-Investor, L.P., two of the investment funds associated with Merrill Lynch,are each selling all of the shares of Hertz Holdings common stock theycurrently hold of record. The last reported sale price of Hertz Holdings' common stock on March 6, 2013was $20.34 per share.  Citigroup and Barclays Capital Inc. propose to offerfor sale the shares of common stock that are not repurchased by Hertz Holdingsfrom time to time in one or more transactions on the New York Stock Exchange,in the over-the-counter market, through negotiated transactions or otherwiseat market prices prevailing at the time of sale, at prices related toprevailing market prices or at negotiated prices, subject to receipt andacceptance by them and subject to their right to reject any order in whole orin part.Subject to completion of the offering, Hertz Holdings will repurchase from theunderwriters 23,200,000 of the 60,050,777 shares of common stock being sold bythe selling stockholders. Hertz Holdings' per-share purchase price will be thesame as the per-share purchase price payable by Citigroup and Barclays CapitalInc. to the selling stockholders.