Dollar Thrifty Automotive Group Prices Common Stock Offering

TULSA, Okla., Oct. 28 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) announced today that it has priced a public offering of 5,750,000 shares of its common stock at a price to the public of $19.25 per share. The underwriters will have a 30-day option to purchase up to an additional 862,500 shares of common stock from the Company. The offering is expected to close on November 3, 2009, subject to customary closing conditions.

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The Company intends to use the net proceeds from the offering, which are expected to be approximately $105 million (without giving effect to any exercise of the underwriters' option to purchase additional shares), for general corporate purposes.

Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are serving as joint book-running managers for the offering.

The shares are being offered pursuant to the Company's effective shelf registration statement on file with the Securities and Exchange Commission. The offering is being made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the SEC's website at www.sec.gov or by contacting Goldman, Sachs & Co. (Attention: Prospectus Department, 85 Broad Street, New York, New York 10004; telephone: (917) 343-8000; facsimile: (212) 902-9316; email: prospectus-ny@ny.email.gs.com) or J.P. Morgan Securities Inc. (Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; telephone: (631) 254-1735).

This press release does not constitute an offer to sell or the solicitation of an offer to buy the common stock, nor shall there be any such offer or solicitation or any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Dollar Thrifty Automotive Group, Inc.

Dollar Thrifty Automotive Group, Inc. is headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in over 70 countries. Dollar and Thrifty have over 600 corporate and franchised locations in the United States and Canada, operating in virtually all of the top U.S. and Canadian airport markets. The Company's approximately 6,400 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network.

SOURCE Dollar Thrifty Automotive Group, Inc.