Contact:
Alice Pereira, 973-496-6113
alice.pereira@cendant.com

AVIS MAKES VIRGINIA RESIDENT A "MILLION AIR"

Robert Lyons is awarded one million United Mileage Plus miles as the grand prize winner in the "Million Air Sweepstakes"

The Points of Light Foundation receives donation in conjunction with the contest

PARSIPPANY, N.J. (March 26, 2004) — The State of Virginia added a new "million air" to its ranks today. Avis Rent A Car System, Inc. announced that Robert Lyons of McLean, Virginia is the grand prize winner in the company's 2003 "Million Air Sweepstakes." The contest, held last fall in celebration of the 40 th anniversary of its "We Try Harder" tagline, was designed to award one lucky winner with one million frequent flyer miles from his choice of Avis airline partners.

In addition to awarding frequent flyer miles, Avis made a donation to the Points of Light Foundation for each sweepstakes registration received in recognition of the important role that community service plays in the United States. Avis also offers discounted rental car rates for volunteers at local volunteer centers throughout the United States, as well as a pool of free rental vehicles for the Foundation's use.

"We thank Robert for his business and congratulate him on winning the one million frequent flyer miles in the Avis 'Million Air Sweepstakes'," said Scott Deaver, executive vice president of marketing for Cendant Car Rental Group, the parent company of Avis. "We also salute the Points of Light Foundation for their efforts in engaging and mobilizing volunteers who 'try harder' on the ground."

"Avis has demonstrated its commitment to community service by its continued support," said Robert K. Goodwin, President & CEO of the Points of Light Foundation. "Their generous contribution allows us to provide resources to our network of nearly 400 Volunteer Centers across the country."

Ten first-prize winners were also chosen in the "Million Air Sweepstakes." Each received 25,000 frequent flyer miles in their choice of participating airline mileage programs. Winners were chosen at random and there was no purchase necessary to win.

Lyons chose to accept his miles in his United Mileage Plus account.

About Points of Light Foundation
The Points of Light Foundation & Volunteer Center National Network engages and mobilizes millions of volunteers to help solve serious social problems in thousands of communities. Through a variety of programs and services, the Foundation encourages people from all walks of life — corporations, faith-based organizations, low-income communities, families, youth, and older adults — to volunteer. By calling 1-800-VOLUNTEER, or visiting www.1800volunteer.org, interested persons can get connected to volunteer opportunities within their communities.

About United
United, United Express and Ted (OTCBB: UALAQ.OB) operate more than 3,400 flights a day on a route network that spans the globe. News releases and other information about United can be found at the company's web site at www.united.com .

About Mileage Plus
Enjoy award travel worldwide with United Mileage Plus. With over 43 million enrolled members, Mileage Plus has been voted the number one frequent flyer program by readers of Business Traveler magazine for eight years running. Mileage Plus members can earn miles and redeem awards to nearly 700 destinations in more than 120 countries when you fly United or any one of the 15 Star AllianceTM member airlines. Mileage Plus members also can earn and redeem miles with nine other non-Star Alliance partner airlines. Earn miles when you stay at a hotel, rent a car, make a long-distance phone call, make a purchase on your Mileage Plus Visa®, dine at a restaurant, shop or invest online - and more - with over 100 Mileage Plus partners around the world. For more information or to enroll, visit united.com/mileageplus.

About Avis
Avis Rent A Car System, Inc. and its subsidiaries operate the world's second largest general-use car rental brand, providing business and leisure customers with a wide range of services at more than 1,700 locations in the United States, Canada, Australia, New Zealand and the Latin American / Caribbean region. Avis is one of the world's top brands for customer loyalty, ranking as the number one rental car brand in the 2003 Brand Keys ® Customer Loyalty Awards and tying for number one in the 2003 J.D. Power & Associates rental car customer satisfaction study. The company is a wholly owned subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the real estate and travel sectors. For more information visit www.avis.com or www.cendant.com/media.