Localiza Announces Its 1Q08 Results

BELO HORIZONTE, Brazil, April 14 /PRNewswire-FirstCall/ -- Localiza Rent A Car S.A. (Bovespa: RENT3), the largest car rental company in Latin America in terms of number of agencies, with 35 years of existence, reports today its results for the first quarter of 2008 (1Q08). The financial information is presented in Brazilian Real (R$ million), except where otherwise indicated, and is based on financial statements in US GAAP. The comparisons refer to the first quarter of 2007 (1Q07).

1Q08 HIGHLIGHTS
-- Net Revenue grew by 16.6%;
-- EBITDA grew by 23.2%;
-- Average rented fleet grew by 27.8%;
-- 17.8% growth in the Net Income.

Full earnings release available to download on www.localiza.com/ir

1Q08 CONFERENCE CALL

Date: Tuesday, April 15, 2008

English Portuguese
11:00 a.m. (US EDT) 09:00 a.m. (US EDT)
12:00 p.m. (Brasilia Time) 10:00 a.m. (Brasilia Time)
08:00 a.m. (Los Angeles) 06:00 a.m. (Los Angeles)
04:00 p.m. (London) 02:00 p.m. (London)
Phone: +1 (973) 935-8893 Phone: +55 (11) 2188-0188
Code: 42754329 Code: Localiza
Replay: +1 (706) 645-9291 Replay: +55 (11) 2188-0188

FCMN Contact: natalia.fingermann@mz-ir.com

Source: Localiza Rent A Car S.A.

CONTACT: Media: Ana Paula Done, Press Comunicacao Empresarial,
+55 (31) 3245-3778, anapaula@presscomunicacao.com.br; Investor Relations:
Silvio Guerra, + 55 (31) 3247-7055, ri@localiza.com

Web site: http://www.localiza.com.br/ir

2008-04-14 21:59:09 0335553 PRNEWSWIRE