AVIS BUDGET GROUP

Ticker: CAR CUSIP: 053774105 Class: Common Stock

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 190,500 Value ($000) $10,455 Avg Close $59.40 Range $51.42 - $66.28

Q2 2014

Shares 320,000 Value ($000) $19,098 Avg Close $52.09 Range $44.21 - $57.41

Q1 2014

Shares 350,000 Value ($000) $17,045 Avg Close $40.83 Range $33.79 - $47.96

Q4 2013

Shares 560,000 Value ($000) $22,641 Avg Close $31.82 Range $26.38 - $38.69

Q3 2013

Shares 405,764 Value ($000) $11,702 Avg Close $28.40 Range $25.24 - $31.64

Q2 2013

Shares 255,757 Value ($000) $7,348 Avg Close $28.57 Range $24.46 - $32.50

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	190,500	$10,455	$59.40	$51.42 - $66.28
Q2 2014	320,000	$19,098	$52.09	$44.21 - $57.41
Q1 2014	350,000	$17,045	$40.83	$33.79 - $47.96
Q4 2013	560,000	$22,641	$31.82	$26.38 - $38.69
Q3 2013	405,764	$11,702	$28.40	$25.24 - $31.64
Q2 2013	255,757	$7,348	$28.57	$24.46 - $32.50