Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) announced today that the underwriters have exercised in full their option to purchase an additional 862,500 shares of common stock at a public offering price of $19.25 per share. The exercise of the option brings the total shares of common stock to be sold by the Company in the previously announced public offering to 6,612,500 shares.

The Company intends to use the net proceeds from the sale of the 6,612,500 shares, which are expected to be approximately $120 million, 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: [email protected]) 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.