Herc Rentals Completes Separation from Hertz Car Rental Business; Becomes an Independent, Publicly Traded Company

(NYSE:HRI), the equipment rental company formerly

named Hertz Global Holdings, Inc. Private Securities Litigation Reform Act of 1995. Herc Holdings is really a

full-line equipment-rental supplier in important markets, such as commercial

and also residential construction, industrial as well as manufacturing, refineries

along with petrochemicals, civil infrastructure, automotive, government along with

municipalities, energy, remediation, emergency response, facilities,

entertainment along with agriculture. (Herc Rentals), announced these days the particular conclusion of its

separation in the Hertz vehicle rental enterprise as well as its debut as an

independent, publicly traded corporation. We do certainly not

undertake virtually any obligation for you to release publicly any kind of update or revision in order to

any one of the actual forward-looking statements.

. Hertz Rental Automobile Holding
Company, Inc. Your

organization offers approximately 4,600 employees. The Actual company's common stock

begins trading "regular way" today on the The big Apple Stock Exchange beneath

the particular symbol "HRI."



Herc Rentals can be a premier, full-line equipment-rental firm along with

approximately 280 company-operated branches, principally situated in

North America, greater than 4,600 employees and also 2015 revenues of nearly

$1.7 billion. Herc Holdings' 2015 total revenues as reported within the

not too long ago filed Info Statement, had been nearly $1.7 billion. and in addition the continuing parent associated with Herc

Rentals Inc. the mobile app sets new technologies as well as user-experience

standards for that equipment rental industry and can alw ays evolve

to include resources as well as features designed to improve our customers'

knowledge about Herc Rentals."

about Herc Holdings Inc.

Herc Holdings Inc., which has managed by means of its Herc Rentals Inc.

"I'm furthermore very happy to note our 1st day as any possible independent company

coincides with just about all the launch of various major technologies platforms,

which includes our new website

and also mobile app.

subsidiary for upwards of 50 years, will be among the leading equipment rental

suppliers within America with approximately 280 company-operated

branches, principally positioned in North America. most notably, our enterprise-wide `Herc Way'

operating model ensures the steady branch-to-branch approach to

managing, servicing and also repairing our fleet as well as rapidly will get equipment

ready for you to rent, that will greatly boost our the possibli lity to serve

more customers.

"We are usually excited to shape our future like a customer-focused along with

operationally excellent business serving diverse markets," Silber said. We caution

viewers never to location undue reliance upon these statements, which talk

simply as with the date hereof. "We

are usually strategically positioned for you to create above-market growth with

significant possibilities pertaining to operational along with economic improvement. 4 in the Form 10 regarding

Hertz Rental Automobile Holding Company, Inc., filed with the Securities and also

Exchange Commission about Might 27, 2016, such as: we have no operating

history as a stand-alone public company, and our historical along with pro

forma economic info isn't necessarily representative of the

results that we could have achieved as a separate, publicly traded

company as well as might not be a dependabl e indicator in our future results, given

your incremental costs we'll incur, your decline in purchasing energy we

could experience, as well as the liabilities we've assumed within connection using

the particular spin-off; if there will be a determination which virtually any portion with the

spin-off transaction can be taxable regarding U.S. Details relating to cash payments to become produced in lieu of

fractional shares are available from http://ir.HercRentals.com

and also http://ir.hertz.com/.

"We are thrilled to start the particular subsequent chapter within the history in our

company," mentioned Larry Silber, president and chief executive officer. has changed its identify to be able to Hertz Global Holdings, Inc., and also

begins trading "regular way" today on the Ny Stock Exchange beneath

the symbol "HTZ."

the shares with the former Hertz Global Holdings, now known as Herc

Holdings Inc ., had been adjusted for a 1-for-15 reverse stock split which was

implemented right away following your separation. The Particular company's equipment rental company spans a lot a lot more than 50

years, using a mission to ensure that end users of its equipment and also

solutions achieve optimal performance safely, effectively along with effectively.

For You To impact your separation as part of a tax-free spinoff, Hertz Global

Holdings stockholders as of the June 22, 2016 record date received

shares throughout Hertz Rental car Holding Company, Inc., upon June 30, 2016 with a

charge of one discuss for every as well as every five shares held.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. The Particular equipment rental enterprise will be

supported by ProSolutionsTM, our sector certain

solutions-based services, and our expert grade tools, commercial

vehicles, pump, power and climate contr ol product offerings, just about all associated with

which are aimed at helping clients work more efficiently, effectively

as well as safely. Because

an independent company, Herc Rentals now gets the economic and also

operational flexibility in order to pursue strategies which are certain to the

equipment rental business.

"With concentrated resources, industry experience across the leadership team,

premium services and also products across a broad array of industries along with

end-use markets, and furthermore the support in our devoted employees, we possess been

positioned to provide better yet service as well as overall worth for our

clients and to carry enhanced value to our shareholders."

Silber is actually joined by a leadership team along with deep knowledge of the

equipment rental sector along with significant useful encounter and

expertise:

Bruce Dressel - Senior Vice President as well as Chief Operating Officer

Barbara Brasier - Senior Vice President and also Chief Economic Officer

Chris Cunningham - Senior Vice President as well as Chief Hr

Officer

Rich Marani - Senior Vice President and also Chief Info Officer

Maryann Waryjas - Senior Vice President, Chief Legal Officer and also

Secretary



"We will always broaden our operations also to invest in all areas associated with

our business, including new product lines like ProContractor ToolsTM

and ProTruckTM collection regarding commercial vehicles, for you to complement our

significant selection of premium general equipment products," extra Silber. Herc Holdings shares now

represent ownership regarding the equipment rental business, that will function
via Herc Rentals, on a stand-alone basis.

Simply No fractional shares will be issued within link with some of your

transactions. federal income tax purposes

we and our stockholders could incur significant tax liabilities,

and also we could additionally incur indemnification liability if we have got been decided

to possess caused your spin-off in order to turn out to be taxable; we may not accomplish a few

or perhaps almost all of the expected benefits of your spin-off, the particular assets as well as

sources that individuals retain may not be sufficient for us to function like a

stand-alone company, we may not be effective implementing our strategy

regarding further lowering operating expenses along with our price reduction initiatives

may possess adverse consequences; our success as an impartial organization

will depend on our new senior management team, the actual capacity involving addit ional new

employees to learn his or her new roles, our ability to retain key members of

our senior management team and other important personnel also to attract key

personnel; our ability to engage inside financings, acquisitions as well as other

strategic transactions utilizing equity securities is limited credited to the tax

remedy of the spin-off; your spin-off may be challenged through creditors

as a fraudulent transfer or perhaps conveyance; when the spin-off is actually not truly a legal

dividend, it might be held invalid by a court as well as have a material

adverse effect about our business, economic condition and also results; as a

stand-alone public company, our securities don't have got any prior public market,

an energetic trading market might not develop, pricing is actually uncertain and furthermore the

rate of our own typical stock may fluctuate significantly; our

accountin g as well as other management techniques as well as resources is possibly not

adequately willing to meet the ongoing economic reporting along with other

requirements; industry price of our common stock could decline as becoming a

consequence of your sale or distribution of your big variety of shares in our

common stock or the perception which sales as well as distribution could occur;

a number of or even almost all in our deferred tax assets could expire if we encounter an

"ownership change" as defined in the Internal revenue Code; our

significant level of indebtedness could materially adversely affect our

financial situation along with capability to raise further capital to spend in our

operations, restrict our power to react for you to changes in the economy as well as our

business or materially adversely affect our results, liquidity as well as

capability to compete; the actual secured naturel in our indebtedness, which can easily be

secured simply by substantially just about all of our consolidated assets, could

materially adversely affect our company and also holders of our financial debt along with

equity; the number of enterprise risks could get material adverse effects

on our business, outcomes involving operations, economic situation and/or

liquidity, such as the particular cyclicality in our business, any slowdown throughout

worldwide economic circumstances as well as adverse changes in the economic aspects

certain towards the industries by which we operate, intense competition inside

the industry, such as via our really own suppliers, any decline in our

relations along with our important national account or perhaps industrial account customers

or even the amount of equipment these people rent via us, any kind of occurrence that

disrupts rental exercise throughout our peak peri ods (given your seasonality

in the business, especially inside the construction industry), or just about any

inability to purchase adequate materials associated with competitively priced

equipment or to collect on contracts together with customers; the actual restatement associated with

our previously issued economic statements could expose us to end up being able to extra

risks in which could materially adversely affect our economic position,

outcomes associated with operations and cash flows; we have identified material

weaknesses inside our internal treating economic reporting that, otherwise

remediated, may adversely affect our capability to document our monetary

situation and results involving operations inside a timely and accurate manner,

which may adversely affect investor confidence inside our company and, as a

result, the worthiness of our common stock; the restatement of our own former ly

issued monetary results provides resulted in government investigations,

publications and also records demands, and private litigation and may lead to

government enforcement actions as well as private litigation in which could have a

material adverse effect on our results associated with operations, monetary

condition, liquidity and funds flows; our business is heavily reliant

upon communications networks and also centralized info technologies

techniques as well as the concentration in our systems creates risks with regard to us; along with

various other risks along with uncertainties set forth within the information Statement

under "Risk Factors." Most forward-looking statements are generally expressly

qualified in their completely through such cautionary statements. Almost All forward-looking statements are subject

in order to numerous assumptions, risks along with uncertainties that could tr igger our

actual outcomes in order to differ materially through these suggested through the

forward-looking statements, which includes individuals set forth inside our Info

Statement filed as Exhibit 99.1 towards the Amendment No.

"In addition, our new ProSolutionsTM enterprise provides

specialty equipment, technical expertise, and full-service, on-site

support in order to solve our customers' toughest challenges.

"We will additionally be advancing processes as well as equipment built to drive continuous

improvement across our organization also to provide a higher amount of services

for our customers. for more info about Herc

Holdings as well as its goods and services, visit: www.HercRentals.com.

Forward-Looking Statements

This launch contains statements that are not statements regarding historical

fact, but alternatively tend to be forward-looking statements inside the meaning invol ving

the actual U.S

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