/ 19 May 2000

AVIS TARGETS SCANDINAVIA

AVIS Southern Africa announced on Thursday that it has agreed in principle to acquire the Avis car rental operations in Norway and Sweden as part of a geographical expansion strategy. At the same time, it announced it has lifted headline earnings per share by 24% to 73,3 cents for the year to March. The group already operates throughout the African subcontinent and — through subsidiary RCI Southern Africa — in the Pacific region.