Hertz Investor Presentation Deck

ILLUSTRATIVE OVERVIEW OF POTENTIAL ENCUMBERED ASSET CATEGORIES ▪ The Debtors, the Official Committee of Unsecured Creditors, and the Ad Hoc Noteholder Group have reserved rights with respect to collateral and may contend (or have contended) that the following categories of collateral are unencumbered Encumbered Cash Intellectual Property Vehicle Rental Concession Rights Investment Property Equity Pledges Real Property Miscellaneous ▪ Cash proceeds from prepetition rentals and Donlen fleet management fees Cash proceeds are subject to legal dispute with by Company, Unsecured Creditors Committee and Unsecured Notes ■ ■ ■ ■ ■ ■ - · Certain trademarks, copyrights, and patents owned by the obligors Airport leases and other concession rights Includes certain securities owned by the Debtors Amounts held in money market account are subject to legal dispute Strictly Confidential Subject to CA/NDA Equity in subsidiaries that are pledged under the various collateral agreements may be further encumbered by a junior lien Domestic real property Foreign real property ■ Fixtures All contracts general intangibles related to the forgoing pre-petition vehicle rentals, and fleet management services Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company LO 5

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