Cendant Corp. Named One Of The Top 50 Web Sites Worldwide

New York, NY 03-21-2002—Cendant Corporation (NYSE: CD)today announced that the Company`s web site, www.cendant.com, has been named to Comscore Network`s Top 50 Web Site Rankings for February 2002. The list, which is compiled by tracking 1.5 million people who volunteer to have their web use confidentially monitored, ranked Cendant`s web site as 47th in the world for traffic received by unique visitors.

Based on the report, Cendant`s site traffic rose to 9 million unique users during the month of February, an increase of 12.5 % as compared with the month of January. During February, the Company launched an online Media Resource Center designed to provide journalists with up-to-date information on industries in which Cendant brands and business units operate. In addition, the Company added significant content to its Investor Center. Other notable names that made the list include Microsoft, AOL and Amazon.com.

“We`re excited that the content of our site is being accessed by so many people worldwide,” said Sam Levenson, senior vice president, Cendant Corporate and Investor Relations. “We will continue to focus on satisfying the information needs of all of our users in order to make their visit to our site as effective and enjoyable as possible.”

Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately 60,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.