HERTZ GLOBAL HOLDINGS INC

GLOSSARY OF TERMS

Unless the context otherwise requires in this Annual Report on Form 10-K for the year ended December 31, 2024, we use the following defined terms:

(i)"2024 Annual Report" or "Combined Form 10-K" means this Annual Report on Form 10-K for the year ended December 31, 2024, which combines the annual reports on Form 10-K for each of Hertz Global Holdings, Inc. and The Hertz Corporation into a single filing;

(ii)"Amendment No. 8" means the April 2024 amendment to the First Lien Credit Agreement as further described in Note 7, "Debt," in Part II, Item 8 of this 2024 Annual Report;

(iii)"Americas RAC" means our rental car reportable segment consisting of the countries and regions of the U.S., Canada, Latin America and the Caribbean;

(iv)"Bankruptcy-related litigation reserve" means the litigation reserve related to a make-whole and post-petition interest claim by a holder of certain of the Company's unsecured senior notes, which were paid in full and terminated in connection with our bankruptcy emergence in June 2021, as further described in Note 15, "Contingencies and Off-Balance Sheet Commitments," in Part II, Item 8 of this 2024 Annual Report;

(v)"Board" means the Hertz Holdings Board of Directors;

(i)"Code" means the Internal Revenue Code of 1986, as amended;

(ii)"Company," "we," "our" and "us" mean Hertz Global and Hertz interchangeably;

(iii)"company-operated" rental locations are those through which we, or an agent of ours, rent vehicles that we own or lease;

(iv)"concessions" mean licensing or permitting agreements or arrangements granting us the right to conduct our vehicle rental business at airports;

(v)"EVs" means electric vehicles;

(vi)"Exchangeable Notes" means the 8.000% Exchangeable Senior Second-Lien Secured Paid-in-Kind ("PIK") Notes due 2029 as further described in Note 7, "Debt," in Part II, Item 8 of this 2024 Annual Report;

(vii)"Exchange Act" means the Securities Exchange Act of 1934, as amended;

(viii)"FASB" means the Financial Accounting Standards Board;

(ix)"First Lien Credit Agreement" means the credit agreement Hertz entered into in June 2021 governing the First Lien RCF and Term Loans;

(x)"First Lien Credit Facilities" means the First Lien RCF and Term Loans, collectively, provided for under the First Lien Credit Agreement;

(xi)"First Lien RCF" means the senior secured revolving credit facility governed under the First Lien Credit Agreement;

(xii)"First Lien Senior Notes" means the 12.625% First Lien Senior Secured Notes due 2029 as further described in Note 7, "Debt," in Part II, Item 8 of this 2024 Annual Report;

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(xiii)"Hertz" means The Hertz Corporation, its consolidated subsidiaries and VIEs, our primary operating company and a direct wholly owned subsidiary of Rental Car Intermediate Holdings, LLC, which is wholly owned by Hertz Holdings;

(xiv)"Hertz Global" means Hertz Global Holdings, Inc., our top-level holding company, its consolidated subsidiaries and VIEs, including The Hertz Corporation;

(xv)"Hertz Gold Plus Rewards" means our customer loyalty program and our global expedited rental program;

(xvi)"Hertz Holdings" means Hertz Global Holdings, Inc., excluding its subsidiaries and VIEs;

(xvii)"Hertz Ultimate Choice" is an offering at select airport locations in the U.S. that allows customers to choose their vehicle from a range of makes, models and colors available within the zone indicated on their reservation;

(xviii)"HVF III" refers to Hertz Vehicle Financing III LLC, a wholly owned, special-purpose and bankruptcy-remote subsidiary of Hertz;

(xix)"International RAC" means our rental car reportable segment consisting of the countries and regions outside of the U.S., Canada, Latin America and the Caribbean;

(xx)"non-program vehicles" means vehicles not purchased under repurchase or guaranteed depreciation programs and thus for which we are exposed to residual risk;

(xxi)"Plan Sponsors" means collectively Apollo Capital Management L.P. and its affiliates, Knighthead Capital Management, LLC and its affiliates and Certares Opportunities LLC and its affiliates, whom sponsored the Company's emergence from bankruptcy in June 2021;

(xxii)"program vehicles" means vehicles purchased under repurchase or guaranteed depreciation programs with vehicle manufacturers;

(xxiii)"Public Warrants" means 30-year public warrants as further described in Note 18, "Public Warrants – Hertz Global," in Part II, Item 8 of this 2024 Annual Report;

(xxiv)"replacement renters" means renters who need vehicles while their vehicle is being repaired or is temporarily unavailable for other reasons;

(xxv)"SEC" means the United States Securities and Exchange Commission;

(xxvi)"Term Loans" means the Term B Loan, Incremental Term B Loan and Term C Loan, collectively, which are governed under the First Lien Credit Agreement;

(xxvii)"U.K." means the United Kingdom;

(xxviii)"U.S." means the United States of America;

(xxix)"U.S. GAAP" means accounting principles generally accepted in the U.S.;

(xxx) "vehicles” means cars, vans, crossovers and light trucks; and

(xxxi)"VIE" means variable interest entity.

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We have proprietary rights to a number of trademarks used in this 2024 Annual Report that are important to our business, including, without limitation, Hertz, Dollar, Thrifty, Hertz Gold Plus Rewards and Hertz Ultimate Choice. Solely for convenience, we have omitted the ® and ™ trademark designations for trademarks named in this 2024 Annual Report, but references should not be construed as any indicator that their respective owners will not assert, to the fullest extent under applicable law, their rights thereto.

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