Hertz Investor Presentation Deck

ILLUSTRATIVE OVERVIEW OF POTENTIAL UNENCUMBERED ASSET CATEGORIES ▪ The 1L/2L creditors have reserved rights with respect to the scope of their collateral and may contend (or have contended) that the below categories are their collateral Unencumbered Cash Sidecar Facility Collateral Foreign Equity Interests Domestic Equity Interests Domestic Real Property Commercial Tort Claims Miscellaneous ■ ■ ■ ■ ■ ■ I · Cash in deposit accounts and money market funds Cash proceeds from postpetition rentals Both amounts of cash proceeds and accounts receivable are subject to legal dispute with 11/2L lenders. With respect to the amounts held in money market funds, the Company contends that to the extent such cash is subject to the 11/2L lenders' lien, such lien is avoidable Repayment of Sidecar Facility resulted in approximately $50 million of unencumbered residual value (cash in previously segregated Sidecar account and now-unencumbered Sidecar vehicles) Sidecar Facility repaid in full on August 12 In light of recent changes to U.S. tax laws, the unpledged 35% of foreign equity that is encumbered and 100% of foreign equity that is unencumbered could be pledged (subject to ongoing tax diligence) Examples of unencumbered foreign subsidiaries, the equity of which may be pledged subject to local law analysis and other considerations, are: - - Hertz Holdings Netherlands B.V. Hertz Canadian entities (i.e. HC Vehicles Partnership and DTGC Car Rental, LP) HIRE Bermuda Strictly Confidential Subject to CA/NDA A portion of equity in HVF Vehicle Financing II and Hertz Fleet Lease Funding, respectively, could potentially be pledged Properties with fair market value of less than $6 million individually are unencumbered (estimated $80 million of value in the aggregate) ▪ Various litigation claims asserted or assertable by the Company ▪ Inventory · Leasehold improvements Leased property could be cumbersome to pledge (subject to required lessor consents) Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company Note: 11/2L lenders have reserved rights with respect to the extent of their liens on prepetition collateral, and have silent, junior adequate protection liens on all assets to the extent of any diminution in value of their collateral, if any 15

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