Dollar Thrifty Automotive Group in Offering of Common Stock

November 3, 2009

Cleary Gottlieb represented Dollar Thrifty Automotive Group, Inc. in connection with a registered public offering of 5,750,000 shares of common stock, resulting in net proceeds of approximately $105 million. Dollar Thrifty Automotive Group also granted the underwriters, led by Goldman, Sachs & Co. and J.P. Morgan Securities Inc., a 30-day option to purchase up to an additional 862,500 shares of common stock. The offering closed on November 3.

Dollar Thrifty Automotive Group is headquartered in Tulsa, Oklahoma and has two value rental car brands, Dollar Rent A Car and Thrifty Car Rental, which serve value-conscious travelers in approximately 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.