ANNOUNCES NEW MANAGING DIRECTOR FOR THE PACIFIC REGION

Avis Budget Group has today announced the appointment of Tom Mooney as Managing Director for the Pacific Region.

As a well- known name in the travel and mobility industry, Tom is a seasoned leader with an outstanding track record for driving growth and strategic execution. He joins Avis Budget Group from his previous role as CEO at Thrifty Car Rental in Australia and New Zealand. Previously, Tom has held several C-suite positions in start- ups and Global corporations alike, such as IAG, NRMA and First Data Corporation.

In his new role, starting in October, Tom will lead Avis Budget Group operations and activities in the Pacific Region, ensuring customer excellence, continued upward trajectory growth, employee engagement and overseeing the many mobility initiatives across the region.

Mark Servodidio, President, International, Avis Budget Group, said: “We are thrilled to welcome Tom to the team, especially during this exciting time as we continue to break new ground in the mobility space. With a first- class career history and extensive industry credentials, we are confident Tom will make a big impact, bringing Australia, New Zealand and Singapore into a united region, transforming the business and taking Pacific’s performance to the next level.”

In the role, Tom will oversee all Pacific regional brands: Avis, Budget, Apex and Show Group, across the region.

“I’m very excited to be stepping into this leadership role at Avis Budget Group. This Global organization is focused on extending its customer reach, excellent product delivery and meaningful innovations - I’m looking forward to leading the Pacific region to help facilitate these goals.” said Mr. Mooney.

Tom’s role as Pacific Region Managing Director was effective from 1st October, 2018. He will be based in Sydney.