Localiza Announces Fourth Quarter and Full Year 2007 Results

BELO HORIZONTE, Brazil, Feb. 12 /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 34 years of existence, reports today its results for the fourth quarter and full year of 2007 (4Q07/2007). 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 fourth quarter and full year of 2006 (4Q06/2006).

4Q07 HIGHLIGHTS - Net Revenue grew by 14.0%. - EBITDA grew by 48.3%. - Average rented fleet grew by 30.6%. - 77.5% growth in Net Income. 2007 HIGHLIGHTS - Net Revenue grew by 33.7%. - EBITDA grew by 29.6%. - Average rented fleet grew by 23.5% - 37.6% growth in Net Income. Full earnings release available to download on http://www.localiza.com/ir 4Q07/2007 CONFERENCE CALL Date: Wednesday, February 13, 2008 English (USGAAP) Portuguese (USGAAP) February 13, 2008 February 13, 2008 09:00 a.m. (US EST) 07:00 a.m. (US EST) 12:00 p.m. (Brasilia Time) 10:00 a.m. (Brasilia Time) 06:00 a.m. (Los Angeles) 04:00 a.m. (Los Angeles) 02:00 p.m. (London) 12:00 p.m. (London) Phone: [phone] Phone: [phone] Code: 33103283 Code: Localiza Replay: [phone] Replay: [phone] For further Investor Relations information, please contact: Silvio Guerra Phone: + 55 (31) 3247-7055 e-mail: [e-mail]: http://www.localiza.com.br/ir For Media information contact: Press Comunicacao Empresarial - Ana Paula Done Phone: [phone] e-mail: [e-mail]