United Rentals Announces Pricing and Receipt of Consents for Current Tender Offers and Consent Solicitations



    GREENWICH, CONN., October 30 /CNW/ - United Rentals, Inc. (NYSE:   URI)
(the "Company") announced today the Total Consideration to be paid with
respect to the tender offers and consent solicitations of United Rentals
(North America), Inc., the Company's wholly owned subsidiary ("URNA"), for
URNA's outstanding 6 1/2% Senior Notes due 2012 (the "6 1/2% Notes"),
outstanding 7 3/4% Senior Subordinated Notes due 2013 (the "7 3/4% Notes"),
and outstanding 7% Senior Subordinated Notes due 2014 (the "7% Notes," and
together with the 6 1/2% Notes and the 7 3/4% Notes, the "Notes"). The
calculation of the Total Consideration is subject to the terms and conditions
of the tender offers and consent solicitations, which are being conducted
pursuant to URNA's Offer to Purchase and Consent Solicitation Statement and
related Consent and Letter of Transmittal, each dated October 16, 2007 (the
"Statements"). The tender offers and consent solicitations are being made in
connection with the anticipated merger (the "Merger") of RAM Acquisition
Corp., an entity indirectly controlled by affiliates of Cerberus Capital
Management, L.P., with and into the Company.

    The consent payment deadline relating to the Notes expired on October 29,
2007 at 5:00 p.m., New York City time (the "Consent Date"). As of the Consent
Date, URNA had received tenders of notes and deliveries of related consents
from holders of approximately $998 million or 99.8% of the $1,000,000,000
aggregate principal amount of the 6 1/2 % Notes outstanding, approximately
$517 million or 98.4% of the $525,000,000 aggregate principal amount of the 7
3/4 % Notes outstanding, and approximately $371 million or 99.0% of the
$375,000,000 aggregate principal amount of the 7% Notes outstanding.

    The Company announced that, subject to the terms and conditions of the
tender offers and consent solicitations, the Total Consideration to be paid by
URNA for each $1,000 principal amount of (i) 6 1/2% Notes validly tendered and
not properly withdrawn on or prior to the Consent Date has been fixed at
$1,036.83, (ii) 7 3/4% Notes validly tendered and not properly withdrawn on or
prior to the Consent Date has been fixed at $1,069.02, and (iii) 7% Notes
validly tendered and not properly withdrawn on or prior to the Consent Date
has been fixed at $1,064.30. The Total Consideration amounts include the
consent payment of $30.00 per $1,000 principal amount of notes tendered (the
"Consent Fee"). Holders will also be entitled to accrued interest up to, but
not including, the settlement date. Holders who have tendered or will validly
tender their Notes after the Consent Date, but at or prior to 12:00 midnight
November 13, 2007 (as such time and date may be extended pursuant to the terms
of the Statements, the "Expiration Date") will not be eligible to receive the
Consent Fee. The Total Consideration amounts described above were determined
based upon the pricing formula set forth in the Statements and assume a
settlement date of November 14, 2007 (which settlement date is subject to
change in the event the Expiration Date is extended).

    The consents are sufficient to effect all proposed amendments to the
indentures governing the Notes, as set forth in the Statements. The Company
anticipates that URNA will execute supplemental indentures effecting the
proposed amendments to the indentures governing the Notes shortly. These
supplemental indentures will become operative only if URNA accepts the Notes
of the applicable series for payment pursuant to the terms of the applicable
tender offer. When the amendments become operative, they will be binding on
the holders of Notes regardless of whether they have been tendered for
purchase in the tender offers.

    URNA has retained Credit Suisse Securities (USA) LLC, Banc of America
Securities LLC, Morgan Stanley & Co. Incorporated and Lehman Brothers Inc. to
serve as the Dealer Managers and Solicitation Agents for the tender offers and
consent solicitations. Requests for documents may be directed to D.F. King &
Co., Inc., the Tender Agent and Information Agent, by telephone at (800)
488-8095 (toll-free) or (212) 269-5550 (collect). Questions regarding the
tender offers and consent solicitations may be directed to Credit Suisse
Securities (USA) LLC, at (212) 325-4951 (collect), Banc of America Securities
LLC, at (888) 292-0070 (toll-free) or (704) 388-9217 (collect), Morgan Stanley
& Co. Incorporated, at (800) 624-1808 (toll-free) or (212) 761-1864 (collect),
or Lehman Brothers Inc. at (800) 438-3242 (toll-free) or (212) 528-7581
(collect).

    This press release is not an offer to purchase, a solicitation of an
offer to purchase or a solicitation of consents with respect to the Notes, nor
is this release an offer or a solicitation of an offer to sell any securities.
The tender offers are being made solely by means of the Statements.

    About United Rentals

    United Rentals, Inc. is the largest equipment rental company in the world
based on revenue, with an integrated network of over 690 rental locations in
48 states, 10 Canadian provinces and one location in Mexico. The Company's
approximately 11,500 employees serve construction and industrial customers,
utilities, municipalities, homeowners and others. The Company offers for rent
over 20,000 classes of rental equipment with a total original cost of $4.3
billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index
and the Russell 2000 Index (R) and is headquartered in Greenwich, Conn.
Additional information about United Rentals is available at
www.unitedrentals.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements can generally be identified by
words such as "believes," "expects," "plans," "intends," "projects,"
"forecasts," "may," "will," "should," "on track" or "anticipates," or the
negative thereof or comparable terminology, or by discussions of vision,
strategy or outlook. Our businesses and operations are subject to a variety of
risks and uncertainties, many of which are beyond our control, and,
consequently, actual results may differ materially from those expected by any
forward-looking statements. Factors that could cause actual results to differ
from those expected include, but are not limited to, the following: (1) the
occurrence of any event, change or other circumstances that could give rise to
the termination of, or a material change in the terms of, the merger
agreement, (2) the outcome of any legal proceedings that have been or may be
instituted against us and others relating to the merger agreement, (3) the
inability to complete the Merger due to the failure to satisfy conditions to
the completion of the Merger, (4) the failure by us to obtain the expected
debt financing contemplated by the commitment letter received in connection
with the Merger, (5) the failure of the Merger to close for any other reason,
(6) the amount of costs, fees, expenses and other charges related to the
Merger, (7) risks that the proposed Merger disrupts current plans and
operations and the potential difficulties in employee retention as a result of
the Merger, (8) the effect of the announcement of the Merger on our customers,
suppliers, partner and joint venture relationships, operating results and
business generally, (9) we are subject to an ongoing inquiry by the Securities
and Exchange Commission (the "SEC"), and there can be no assurance as to its
outcome, or any other potential consequences thereof for us, and (10) we may
incur additional significant costs and expenses in connection with the SEC
inquiry, the class action lawsuits and derivative actions that were filed in
light of the SEC inquiry, the U.S. Attorney's Office requests for information,
or other litigation, regulatory or investigatory matters related to the SEC
inquiry, the proposed Merger or otherwise. For a fuller description of these
and other possible uncertainties, please refer to our Annual Report on Form
10-K for the year ended December 31, 2006, as well as to our subsequent
filings with the SEC. Our forward-looking statements contained herein speak
only as of the date hereof, and we make no commitment to update or publicly
release any revisions to forward-looking statements in order to reflect new
information or subsequent events, circumstances or changes in expectations.




For further information:

For further information: Hyde Park Financial Communications Fred
Bratman, 203-618-7318 cell: 917-847-4507 fbratman@hydeparkfin.com

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UNITED RENTALS, INC.

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