Major Developments

Avis has developed its business and network through a combination of acquisitions and organic growth. The key acquisitions/developments are listed below.

Acquisitions/Major Developments
2007	Sale and franchising of Avis Greece and Avis in the Canaries.
2005	Successfully completed Rights Issue (approximately €166 million, net of expenses) to strengthen balance sheet and fund recovery strategy.
2004	Opening of a new shared service centre in Budapest.
2003	Acquisition of certain assets of Budget. Acquisition of major Avis France licensee. Closure of Centrus claims management business.
2000	Acquisition of remaining share of Avis Netherlands (previously a joint venture).
1999	Acquisition of major licensee in Germany.
1998	Acquisition of Centrus (then called 3 Arrows). Acquisition of remaining share of Avis Greece licensee.
1997	Avis Europe re-floated on the London Stock Exchange. Acquisition of license for Asia region.
1992	Sale of Avis Leasing.
1989	Avis Europe taken private.
1986	Avis Europe listed on the London Stock Exchange.
1965	Avis Europe established as a division of Avis Inc.

Avis Europe plc, Incorporated and registered in England and Wales.
Registered Office: Avis House, Park Road, Bracknell, Berkshire, RG12 2EW.
Registered Number: 3311438.