2 4 7 8 12 25 34 46 65 67 68 69 71 72 75 167 168

6.9% 66.4% 53% 68% 21.5% EBITDA 62.8% 6 B2C 2

B2C BB+ 2020 5 Global Capital 40 B2C 3

2012 4

2014 2014 1. 2014 2. 2014 C-BPI 3. 2014 CEO 2014 4. 2014 APP 5. 2014 APP 6. 2014 7. 3.15 8. 21 9. 2014 2015 1. DUXES Solutions Powered by Innovation Outstanding Fleet Lessor of the Year 2. 3. 30 4. 2015 5. 21 2015 6. 20142014 7. (SEEC) 2015 5

2015 1 UCAR 2015 6 6

% 4,399 2,866 53% 5,003 3,520 42% 2,091 1,239 69% (2) 47.5% 43.2% +4.3pp (3) 1,401 436 221% EBITDA (1) 2,764 1,629 70% EBITDA (2) 62.8% 56.8% +6.0pp (1) 944 562 68% (2) 21.5% 19.6% +1.9pp 0.59 0.22 168% (1) EBITDA 23 (2) (3) 18 23 7

6.9% 66.4% 15.4 53% 4,399.3 1,401.4 68% 943.8 EBITDA 21.5% 62.8% 1.9 6.0 91,179 63,522 83,168 58,773 9,284 101.1% 43,836 49,346 54,797 58,789 56,759 56,759 9,368 14,562 20,960 22,879 22,252 22,252 5,569 5,159 4,889 4,755 4,157 4,157 58,773 69,067 80,646 86,423 83,168 83,168 3,497 2,352 2,685 5,565 6,837 6,837 1,252 1,575 1,388 1,216 1,174 1,174 63,522 72,994 84,719 93,204 91,179 91,179 8

56,759 35% 3,103.5 170 63.0% 74 738 250 488 186 236 35.5% 61.2% 19,883 10,000 16 9.35% 797.1 UCAR Inc. 22 8 30 6 15 9

1.25 12.5 B 5 9.35% + B2C B2C 8 35.5 10

B2C 11

1. 3,103,486 70.5% 2,295,752 80.1% 1,201,185 27.3% 466,418 16.3% 30,294 0.7% 46,825 1.6% 64,286 1.5% 57,215 2.0% 4,399,251 100.0% 2,866,210 100.0% (1) 37,755 47,099 47,117 53,949 55,186 50,869 (2) 272 275 276 271 261 270 (3) (%) 62.2% 63.7% 64.1% 64.5% 60.1% 63.0% (4) 170 175 177 175 157 170 (1) (2) (3) (4) 12

2,866.2 53% 4,399.3 35% 3,103.5 170 170 63.0% 158% 1,201.2 9,368 22,252 19,883 46.8 35% 30.3 64.3 57.2 13

939,364 21.4% 670,163 23.4% 380,005 8.6% 354,533 12.4% 163,120 3.7% 123,925 4.3% 235,205 5.3% 151,582 5.3% 164,988 3.8% 98,409 3.4% 80,475 1.8% 78,336 2.7% 338,726 7.8% 182,091 6.4% 1,362,519 31.0% 988,876 34.5% 2,301,883 52.4% 1,659,039 57.9% 23.4% 21.4% (i) (OEM) (ii) (iii) (iv) 34.5% 31.0% 14

603,468 654,226 609,966 621,982 101.1% 95.1% 9,284 10,185 1,561 5,298 9,284 15,483 9,284 15,483 B2C 6,837 101.1% 95.1% 15

2,097,368 1,207,171 48% 42% (6,498) 32,244 (1)% 5% 2,090,870 1,239,415 48% 43% 1,207.2 74% 2,097.4 42% 48% 20,006 0.5% 18,261 0.6% 44,711 1.0% 53,260 1.9% 1,300 0.0% 2,199 0.1% 13,490 0.3% 18,990 0.7% 79,507 1.8% 92,710 3.3% 92.7 14% 79.5 3.3% 1.8% 16

186,429 4.2% 140,681 4.9% 59,181 1.3% 42,783 1.5% 22,873 0.5% 21,447 0.7% 84,273 1.9% 77,642 2.7% 112,852 2.6% 67,554 2.4% 465,608 10.5% 350,107 12.2% 350.1 33% 465.6 IT 12.2% 10.5% 25,248 34,620 (253,481) (16,941) 61,615 (2,623) 797,095 (72) (49) 39,416 11,188 669,821 26,195 17

669.8 26.2 797.1 22) 25.2 61.6 253.5 309.5 77% 546.8 513.3 225% 1,668.7 77.2 267.3 1,401.4 436.1 943.8 562.4 19.6% 21.5% EBITDA EBITDA 2,763.5 1,628.8 EBITDA 56.8% 62.8% 18

2. 16,342.4 9,842.3 9,243.1 4,252.7 7,099.3 5,589.6 1,987.9 1,352.4 53.1 53.1 1,070.0 2,041.0 2,475.5 1,154.4 2,778.9 2,168.7 831.8 5,190.6 8,513.7 3,610.7 6,472.7 1,135.2 EBITDA 3.1x 2.2x EBITDA 2.3x 0.7x 19

1,987.9 53.1 239.4 216.3 475.9 20.1 90 39 5,219.8 248.1 20

8,513.7 3,610.7 2 3 1,154.4 13.6% 618.1 Ba1 BB+ BB+ S 144A 500 6.125 300 6.00 13 3 40 36 21

2,472,890 3,610,689 6,040,842 8,513,732 3,610,689 1,496,585 1,215,481 491,293 136,954 1,987,878 1,352,435 42 22

A. 1,401,396 436,113 86,001 80,632 (797,095) 18,050 27,557 253,481 943,783 562,352 21.5% 19.6% B. EBITDA EBITDA 1,668,727 513,327 546,849 309,466 (25,248) (34,620) 939,364 670,163 37,910 29,279 10,332 9,390 1,252 169 41,942 5,434 EBITDA 3,221,128 1,502,608 23

EBITDA 73.2% 52.4% EBITDA EBITDA 3,221,128 1,502,608 86,001 80,632 (797,095) 18,050 27,557 253,481 EBITDA 2,763,515 1,628,847 EBITDA 62.8% 56.8% EBITDA 24

46 22 25

53 19 0992 3396 1968 James Peter MUELLER 48 Hertz International, Ltd. Hertz Holdings Netherlands B.V. Mueller 21 Mueller Mueller Mueller Mueller Mueller (Saint John s University) (University of Minnesota) 26

40 11 Tom.com Internet Group 44 Warburg Pincus Asia LLC Amber Gem Holdings Limited Warburg Pincus Asia LLC 2686 ZTO Express (Cayman) Inc 27

43 21 SFUNMaersk China Co., Ltd. Microsoft China R&D Group Qunar Cayman Islands Ltd QUNR Yirendai Ltd.YRD) 56 29 28

Hwa Pao Investment 48 21 SYUT 360 3663 29

52 Bombardier Capital, Inc. GE Capital 30

39 18 42 16 International Business Machines Corporation IBM IBM IBM IBM 31

38 16 GE Healthcare GE Healthcare Global Supply Chain Asia Group UniTrust Finance & Leasing Corporation 39 17 32

42 17 1388 33

A.2.1 A. 34

B. 9 1 4 4 James Peter MUELLER 35

(1) A.2.1 A.2.1 (i) (ii) (iii) (2) 3.13 36

(3) A.4.1 A.4.2 (4) 37

(5) A.6.5 Narasimhan Brahmadesam SRINIVASAN James Peter MUELLER * 2 1 1 2 Narasimhan Brahmadesam SRINIVASAN 1 James Peter MUELLER 2 1 2 1 2 2 * (ESG) 38

C. (1) 3.21 C.3 D.3 D.3.1 (a) (b) (c) (d) (e) (f) 39

(2) B.1.2(c)(ii) B.1.5 1,000,000 1 1,000,001 3,000,000 0 3,000,001 10,000,000 2 10,000,000 2 5 8 (3) 40

D. 6/6 3/3 1/1 4/6 0/1 1 4/6 2/2 4/5 1/1 5/6 0/1 Narasimhan Brahmadesam SRINIVASAN 2 4/5 1/1 James Peter MUELLER 3 1/1 4 6/6 5/5 1/1 5/6 2/2 1/1 5/6 2/3 1/2 1/1 6/6 3/3 5/5 1/1 41

(1) (2) Narasimhan Brahmadesam SRINIVASAN (3) James Peter MUELLER (4) E. F. 4,000,000 4,000 42

G. 43

H. I. (1) 58 (2) 85 44

(3) (4) (www.zuche.com) 183 22 (5) J. 45

(i) (ii) (iii) (iv) 1 67 166 18 91,179 74 46

9.2 6,758 6,925 OEM OEM 47

48

30 31 71 167 1,300,000 12 15 27 49

8.08(1)(d) (i) (ii) 15% 21.6% Narasimhan Brahmadesam SRINIVASAN James Peter MUELLER 50

84 3.13 (a) 571 XV 7 8 (b) 352 (c) 51

* (1) 366,153,545(L) 15.29% (2) 310,000(L) 0.01% L (1) Haode Group Inc. 307,201,775 Haode Group Inc. Lucky Milestone Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Sky Sleek Limited 53,723,770 Sky Sleek Limited 5,228,000 (2) 310,000 * 52

XV 336 * Legend Holdings Corporation (1) 563,583,025 (L) 23.54% Right Lane Limited (1) 563,583,025 (L) 23.54% Grand Union Investment Fund, L.P. (1) 562,668,025(L) 23.50% Infinity Wealth Limited (1) 562,668,025 (L) 23.50% Amber Gem Holdings Limited (2) 262,471,340 (L) 10.96% Warburg Pincus & Co. (2) 262,471,340 (L) 10.96% Warburg Pincus Private Equity XI, L.P. (2) 262,471,340 (L) 10.96% Warburg Pincus XI, L.P. (2) 262,471,340 (L) 10.96% WP Global LLC (2) 262,471,340 (L) 10.96% WP XI Equity Ltd (2) 262,471,340 (L) 10.96% Hertz Holdings Netherlands B.V. (3) 244,919,265 (L) 10.23% Hertz Global Holdings, Inc. (3) 244,919,265 (L) 10.23% Hertz International Limited (3) 244,919,265 (L) 10.23% Hertz Investors, Inc (3) 244,919,265 (L) 10.23% Stuurgroep Holding C.V. (3) 244,919,265 (L) 10.23% The Hertz Corporation (3) 244,919,265 (L) 10.23% (4)(5) 366,153,545 (L) 15.29% Haode Group Inc. (5) 307,201,775 (L) 12.83% Lucky Milestone Limited (5) 307,201,775 (L) 12.83% Cititrust Private Trust (Cayman) Limited (5) 307,201,775 (L) 12.83% UCAR Technology Inc. 125,400,000 (L) 5.24% Credit Suisse Group AG (6) 120,952,816 (L) 5.05% Credit Suisse Group AG (6) 50,566,816 (S) 2.11% L S 53

(1) Grand Union Investment Fund, L.P. Infinity Wealth Limited Infinity Wealth Limited Right Lane Limited Right Lane Limited Legend Holdings Corporation Legion Elite Limited Right Lane Limited Legend Holdings Corporation Right Lane Limited Grand Union Investment Fund, L.P. Legion Elite Limited 562,668,025 915,000 Infinity Wealth Limited 562,668,025 (2) WP XI Equity Ltd Amber Gem Holdings LimitedAmber Gem77.6% WP XI Equity Ltd Warburg Pincus Private Equity XI, L.P. Warburg Pincus Private Equity XI, L.P. Warburg Pincus XI, L.P. Warburg Pincus XI, L.P. WP Global LLC WP Global LLC Warburg Pincus & Co WP XI Equity Ltd Warburg Pincus Private Equity XI, L.P. Warburg Pincus XI, L.P. WP Global LLC Warburg Pincus & Co Amber Gem 262,471,340 (3) Hertz Holdings Netherlands B.V. Stuurgroep Holding C.V. Stuurgroep Holding C.V. Hertz International Limited 99.9% Hertz International Limited The Hertz Corporation The Hertz Corporation Hertz Global Holdings, Inc Hertz Investors, Inc. Stuurgroep Holding C.V. Hertz International Limited The Hertz Corporation Hertz Investor, Inc. Hertz Global Holdings, Inc Hertz Holdings Netherlands B.V. 244,919,265 (4) Sky Sleek Limited Sky Sleek Limited 53,723,770 5,228,000 (5) Haode Group Inc. Lucky Milestone Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Lucky Milestone Limited Cititrust Private Trust (Cayman) Limited Haode Group Inc. 307,201,775 (6) Credit Suisse Group AG 120,952,816 50,566,816 (6.1) Credit Suisse (Hong Kong) Limited Credit Suisse Group AG 5,690,000 (6.2) Credit Suisse Securities (Europe) Limited Credit Suisse Group AG 38,909,000 15,155,000 (6.3) Credit Suisse Securities (USA) LLC Credit Suisse Group AG 76,228,816 35,286,816 (6.4) Credit Suisse AG Credit Suisse Group AG 125,000 125,000 * 336 54

18 A B Sapphire Gem Holdings LimitedSapphire Gem Haode Investment Inc.Haode InvestmentA Sapphire Gem 5,000,000 A A 250 2,500,000 A 125 Tourmaline Gem Holdings LimitedTourmaline Gem Haode InvestmentB Tourmaline Gem 4,875,887 B B 550 443,263 B 50 Haode Investment 18.74% Haode Investment 14A.28 A B 55

39 A Hertz International LimitedHertz International Hertz International Hertz International Hertz International Hertz International Hertz 5% Hertz International 5% 15% (a) Hertz GDS Hertz (b) Hertz International Hertz Holdings Netherlands B.V.Hertz Holdings 16.68% Hertz International Hertz Holdings 100% Hertz International Hertz Holdings Hertz International A Hertz International 14A.60 Hertz International 41,000 39,000 Hertz International 6,707,000 4,813,000 14A.76 14A.60 56

(i) (ii) (iii) 14A.56 (i) (ii) (iii) A 57

6,925 KPI KPI 8 58

A B 14,035,595 274 C 4,456,688 18 92,461,415 55,462,150 8,367,204 2.4 30,100,157 816,730 2,003,895 5,408,440 100% 25% 25% 0.058 816,730 (816,000) 730 0.174 2,003,895 (500,000) 1,503,895 0.174 5,408,440 (1,352,000) 4,056,440 8,229,065 8,229,065 (2,668,000) 5,561,065 816,730 1,596,510 2,250,000 100% 25% 25% 0.058 816,730 (816,000) 730 0.174 1,596,510 (399,000) 1,197,510 0.174 2,250,000 (599,000) 1,691,000 4,663,240 4,663,240 (1,774,000) 2,889,240 1,500,000 223 33,455,530 141 31,488,580 18 13,125,000 100% 25% 25% 0.174 1,500,000 (500,000) 1,000,000 0.058 33,455,530 (22,394,830) 11,060,700 0.174 31,356,455 (4,935,400) (810,910) 25,610,145 0.174 13,125,000 (2,659,000) (1,125,000) 9,341,000 92,461,415 92,329,290 (34,931,230) (1,935,910) 55,462,150 31 59

1,232,428 6,162,140 4,621,605 804,159 2.4 2,819,179 6,162,140 25% 0.174 6,162,140 (1,540,535) 4,621,605 31 1. 2. (i) (ii) 60

3. A 11,062,160 B 28,311,550 C 16,088,440 0.4621% 1.1826% 0.6720% 0.4619% 1.1822% 0.6718% 55,462,150 4,621,605 0.1931% 0.1930% 4. 5. A B C 6. 1.00 7. A B C 0.058 0.174 0.174 8. 0.174 61

35.4% 32.6% 57.07% 27.15% 5% 14.04(9) 5% 22 Hertz International, Ltd. Hertz International, Ltd. 62

Hertz Holdings Netherlands B.V.Hertz Holdings 9.1584 203,554,310 Hertz Hertz Holdings James Peter Mueller Hertz Holdings 370,470,545 9.1584 Hertz 29.21% Hertz Hertz 49.68% A.2.1 63

13.51B(1) (1) (2) Yirendai Ltd. YRD 183 22 13.39(4) 64

67 166 65

66

4,399,251 2,866,210 603,468 654,226 5 5,002,719 3,520,436 (939,364) (670,163) (1,362,519) (988,876) (609,966) (621,982) 2,090,870 1,239,415 5 669,821 26,195 (79,507) (92,710) (465,608) (350,107) 6 (546,849) (309,466) 7 1,668,727 513,327 9 (267,331) (77,214) 1,401,396 436,113 1,401,396 436,113 11 0.591 0.575 0.218 0.212 67

1,401,396 436,113 1,401,396 436,113 1,401,396 436,113 68

12 9,338,873 5,234,194 15 320,185 213,804 13 43,309 132,782 14 29,231 440,910 16 62,019 6,907 17 6,659 6,224 18 159,745 158,179 22 2,042,103 8,150 4,626 30,000 24 53,129 29 63,662 573 12,103,936 6,251,328 19 111,743 121,905 20 239,360 216,338 39 475,852 20,069 21 1,258,347 655,172 23 1,070,000 13 112,170 155,072 24 53,129 24 1,987,878 1,352,435 4,238,479 3,590,991 25 21,000 24,671 26 336,951 326,813 192,928 192,771 27 1,154,411 2,778,887 39 2,585 6,707 52,708 38,999 1,760,583 3,368,848 2,477,896 222,143 14,581,832 6,473,471 69

14,581,832 6,473,471 28 5,190,607 27 2,168,714 831,802 3,550 14,777 29 119,640 37,308 7,482,511 883,887 7,099,321 5,589,584 30 147 145 32 5,951,865 5,762,413 1,147,309 (172,974) 7,099,321 5,589,584 70

* * * * 566,124 1,196 101,148 (595,530) 72,938 436,113 436,113 436,113 436,113 13,557 (13,557) 30 145 3,183,161 3,183,306 1,816,595 1,816,595 31 80,632 80,632 145 2,382,719 14,753 3,183,161 181,780 (172,974) 5,589,584 1,401,396 1,401,396 1,401,396 1,401,396 81,113 (81,113) 31 2 138,077 (115,739) 22,340 31 86,001 86,001 147 2,382,719 95,866 3,321,238 152,042 1,147,309 7,099,321 * 5,951,865,000 5,762,413,000 71

1,668,727 513,327 41,942 5,434 12 939,364 670,163 5 (797,095) 15 37,910 29,279 72 49 417 18 10,332 9,390 16 1,252 169 253,015 6,235 31 86,001 80,632 6 546,849 309,466 (25,248) (34,620) 2,763,121 1,589,941 (64,964) (13,180) (455,783) (20,069) 10,162 208,399 (193,680) (700,491) (3,671) 10,869 (4,122) 24,222 157 13,419 20,785 (66,143) (5,044,043) (1,880,401) 132,503 (176,815) (215,576) (19,943) (3,055,111) (1,030,192) 72

(178,634) (81,220) 453 3,857 (11,706) (21,901) (57,809) 33 (695) (1,321) 1,570,000 725,000 (500,000) (1,795,000) (1,245,008) 25,353 34,620 (398,046) (1,135,965) (30,000) (51,299) 2,958,668 1,612,618 (3,295,850) (1,812,804) 195,277 3,183,306 22,340 (133,542) 4,820,605 (409,911) (315,762) 4,065,852 2,677,794 612,695 511,637 1,352,435 841,835 22,748 (1,037) 1,987,878 1,352,435 73

24 1,473,018 1,275,245 24 514,860 77,190 1,987,878 1,352,435 1,987,878 1,352,435 74

1. CAR Inc. Box 2681, Cricket Square, P.O., Grand Cayman KY1-1111, Cayman Islands 100 378 100 0.3 100 9 100 5 100 2.01 75

1. 100 1 100 35 100 30,000 100 5 200 100 500 100 76

1. 100 0.2 100 0.5 Main Star Global Limited 2 100 1 100 199 100 49 100 100 1,760 1 100 77

1. 100 1 100 0.5 100 0.3 100 1 100 0.5 2 100 100 1 78

1. 100 0.58 100 0.5 100 0.5 100 0.3 Premium Auto 10,000 100 Rental (China) LimitedPremium Rent A Car Holdings (HK) Limited Rent A Car 7 100 31.14 100 79

1. 22 100 100 19 0.14 100 100 0.5 100 0.1 80

1. 100 1 100 0.5 100 0.5 100 0.5 100 1 100 100 81

1. 100 3 100 0.3 100 50 100 50 100 0.5 100 3 82

1. 100 100 100 100 100 0.3 1 100 100 0.5 100 3 100 1 83

1. 100 1 100 1,600 100 0.5 100 30 100 5 100 5 10 100 84

1. 100 5 100 0.5 100 0.3 100 20 100 100 85

1. 50 100 100 5 100 10 100 100 100 10 100 0.5 86

1. 100 0.5 100 20 100 20 100 20 100 20 100 20 100 20 87

1. 100 20 100 0.5 100 0.5 100 0.5 100 20 CAR Holdings Limited 1 100 100 20 88

1. 100 1 2.1 (a) (b) (c) 89

2.1 (i) (ii) (iii) (i) (ii) (iii) 2.2 19 90

2.3 9 3 10 1 28 10 1 12 28 11 1 14 5 15 3 16 4 1 1 7 2 12 2 16 1 38 16 1 41 27 1 1 1 2 3 4 5 9 39 9 9 9 91

2.3 10 28 10 28 11 3 11 15 15 15 15 15 15 15 92

2.3 1 (i) 1 (ii) (iii) (iv) 16 38 16 38 2.4 93

2.4 94

2.4 95

2.4 96

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 97

2.4 5 2.5 3 9.9% 22.5% 98

2.4 1.8% 2.55% 15.83% 33.33% 15.83% 33.33% 20% 100% 99

2.4 18 25 100

2.4 39 (a) (b) 39 101

2.4 (a) (b) 102

2.4 (a) (b) 103

2.4 104

2.4 105

2.4 39 39 106

2.4 (a) (b) 107

2.4 (a) (b) 108

2.4 (a) 90 90 (b) (c) (d) 109

2.4 (e) (f) 31 110

2.4 111

2.4 112

3. 2.4 113

3. 9,338,873,000 5,234,194,000 111,743,000 121,905,000 239,360,000 216,338,000 114

3. 4,141,000 3,053,000 320,185,000 213,804,000 63,662,000 573,000 797,095,000 22 115

3. 2.4 6,932,917,000 5,425,181,000 6,659,000 6,224,000 4. 8 10% 1,633,173,000 32.6% 116

5. 3,103,486 2,295,752 1,201,185 466,418 30,294 46,825 603,468 654,226 3,932 11,396 60,354 45,819 5,002,719 3,520,436 25,248 34,620 (191,866) (19,564) 797,095 * 43,134 10,530 (72) (49) (1,300) (2,418) 658 669,821 26,195 * 6. 309,322 309,466 28 237,527 546,849 309,466 117

7. 609,966 621,982 939,364 670,163 37,910 29,279 1,252 169 * 10,332 9,390 69,221 52,802 61,683 40,243 467,400 414,046 31 86,001 80,632 ** 119,040 99,429 235,205 151,582 164,988 98,409 191,866 19,564 4,000 5,902 41,942 5,434 72 49 44,711 53,260 797,095 * ** 118

8. 383(1)(a) (b) (c) (f) 2 1,872 908 606 183 72 58 678 241 2,550 1,149 (a) 624 227 624 227 624 227 227 1,872 908 119

8. (b) 678 241 Narasimhan B Srinivasan* James Peter Mueller* * * 678 241 * Narasimhan Brahmadesam Srinivasan James Peter Mueller * (c) 3,765 2,378 50,733 29,601 472 360 54,970 32,339 120

8. (c) 1,000,000 1,000,001 1,500,000 1,500,001 2,000,000 1 1 2,000,000 4 4 5 5 31 9. 248,088 57,936 29 19,243 19,278 267,331 77,214 121

9. 25% [2014] 26 15% 16.5% 10% 18,851,000 1,668,727 513,327 25% 417,182 128,332 (109,478) 21,424 (43,482) (73,353) (29,335) 13,593 811 18,851 267,331 77,214 16.02%15.04% 10. 122

11. 2,372,040,532 2,005,050,818 1,401,396 436,113 2,372,040,532 2,005,050,818 65,802,978 56,498,477 2,437,843,510 2,061,549,295 123

12. 6,420,412 (1,186,218) 5,234,194 5,234,194 5,633,306 (586,459) (2,804) (939,364) 9,338,873 11,016,202 (1,677,329) 9,338,873 5,015,742 (991,786) 4,023,956 4,023,956 2,729,073 (411,257) (437,415) (670,163) 5,234,194 117,797,000 378,816,000 27 124

13. 1.5 4 181,504 360,278 (26,025) (72,424) 155,479 287,854 112,170 155,072 43,309 132,782 133,237 204,492 48,267 155,786 181,504 360,278 112,170 155,072 43,309 132,782 155,479 287,854 125

14. 29,231 440,910 15. 45,846 40,719 65,782 148,640 300,987 (24,658) (27,130) (31,639) (3,756) (87,183) 21,188 13,589 34,143 144,884 213,804 21,188 13,589 34,143 144,884 213,804 84,461 12,916 14,446 5,651 27,856 145,330 33 278 278 (17,554) (4,728) (11,961) (3,667) (37,910) (1,317) (1,317) 88,095 21,777 35,589 146,868 27,856 320,185 130,307 53,635 76,156 154,291 27,856 442,245 (42,212) (31,858) (40,567) (7,423) (122,060) 88,095 21,777 35,589 146,868 27,856 320,185 126

15. 40,257 31,627 56,598 16,333 144,815 (17,422) (19,570) (17,915) (682) (55,589) 22,835 12,057 38,683 15,651 89,226 22,835 12,057 38,683 15,651 89,226 5,589 11,994 8,943 131,237 157,763 (7,236) (7,560) (12,479) (2,004) (29,279) (2,902) (1,004) (3,906) 21,188 13,589 34,143 144,884 213,804 45,846 40,719 65,782 148,640 300,987 (24,658) (27,130) (31,639) (3,756) (87,183) 21,188 13,589 34,143 144,884 213,804 15,207,000 15,508,000 131,661,000 129,376,000 127

16. 7,076 7,245 57,809 (1,252) (169) 63,633 7,076 (1,614) (169) 62,019 6,907 6,908,000 7,076,000 27 17. 6,224 5,650 33 435 911 (337) 6,659 6,224 128

17. 3%3% 13.5%13.5% 129

18. 25,723 180 42,525 2,868 102,400 7,030 180,726 (13,527) (142) (5,050) (1,485) (2,343) (22,547) 12,196 38 37,475 1,383 102,400 4,687 158,179 12,196 38 37,475 1,383 102,400 4,687 158,179 7,486 4,220 11,706 33 192 192 (6,323) (38) (1,869) (696) (1,406) (10,332) 13,359 35,606 879 106,620 3,281 159,745 33,209 180 42,525 3,060 106,620 7,030 192,624 (19,850) (180) (6,919) (2,181) (3,749) (32,879) 13,359 35,606 879 106,620 3,281 159,745 18,972 180 42,502 2,262 87,505 7,030 158,451 (8,252) (104) (3,181) (683) (937) (13,157) 10,720 76 39,321 1,579 87,505 6,093 145,294 10,720 76 39,321 1,579 87,505 6,093 145,294 6,751 23 125 14,895 21,794 33 481 481 (5,275) (38) (1,869) (802) (1,406) (9,390) 12,196 38 37,475 1,383 102,400 4,687 158,179 25,723 180 42,525 2,868 102,400 7,030 180,726 (13,527) (142) (5,050) (1,485) (2,343) (22,547) 12,196 38 37,475 1,383 102,400 4,687 158,179 130

19. 68,482 91,989 35,325 25,820 7,936 4,096 111,743 121,905 20. 278,452 242,192 (39,092) (25,854) 239,360 216,338 177,431 136,456 33,621 38,998 13,515 40,884 14,793 239,360 216,338 131

20. 25,854 20,420 41,942 5,434 (28,704) 39,092 25,854 132,482 110,215 73,774 57,749 17,419 46,263 12,011 235,686 214,227 132

21. 833,508 278,233 250,361 247,128 108,454 95,227 21,812 16,477 44,212 18,107 1,258,347 655,172 22. (a) 161,828 (b) 1,719,924 (c) 160,351 2,042,103 133

22. (a) 26.49 161,828,000 19.91% + (b) A 125.0 2,500,000 A B 50.0 443,263 B A B 1 1 9.35% 797,095,000 134

22. (c) 117,023,949 9.35% 23. 1,070,000 1.9% 5.4% 60 180 135

24. 1,473,018 1,275,245 567,989 130,319 2,041,007 1,405,564 * 51,829 51,829 1,300 1,300 1,987,878 1,352,435 1,215,481,000 981,725,000 * 27 51,829,000 51,829,000 136

25. 15,960 21,023 4,032 1,921 1,008 1,727 21,000 24,671 60 26. 110,066 143,221 65,802 54,939 68,621 9,854 42,724 78,634 49,738 40,165 336,951 326,813 137

27. (%) (%) 5.06-5.61 1,500 6.22 199,160 4.90-6.03 147,354 6.97 51,727 4.79 151,474 3.40-8.00 100,009 5.92-8.00 968,063 4.99-6.90 180,578 8.00-8.10 496,917 6.83-9.50 1,439,625 11.06 91,363 5.55-8.88 76,579 5.54-9.30 28,949 1,154,411 2,778,887 3.40-8.00 944,876 5.92-8.00 253,793 4.99-6.90 592,297 6.83-9.50 496,667 5.55-8.88 5,566 5.54-9.30 81,342 7.50 600,000 4.79 25,975 2,168,714 831,802 3,323,125 3,610,689 138

27. 429,442 1,167,222 892,514 253,793 644,659 1,966,615 1,421,015 573,495 1,559,938 605,566 572,419 5,590 1,179,061 2,137,947 151,474 51,727 25,975 177,449 51,727 3,323,125 3,610,689 6,861,039,000 2,426,608,000 2,408,496,000 2,026,608,000 139

27. 570,717 3,357,306 * 207,836 59,379 (a) 122,350 51,728 * (a) (b) 850,235 91,363 51,758 50,913 (c) 1,520,229 3,323,125 3,610,689 * 46 570,717,000 3,409,033,000 (a) 207,836,000 111,107,000 117,797,000 378,816,000 12 (b) 6,908,000 7,076,000 16 (c) 51,758,000 50,913,000 51,829,000 51,829,000 24 140

28. (1) (A) 500 (A) (A) (A) 6.125 (A) (i) (A) (A) (A) 103.0625% 101.53125% (ii) (A) 100% (A) (iii) (A) 106.125% 35% (A) 141

28. (1) (A) (A) 2,974,364 177,659 189,811 (93,670) 3,248,164 (2) (B) 300 (B) (B) (B) 6.00 (B) (B) (B) 103.0% 101.5% 142

28. (2) (B) (B) 1,846,241 48,486 47,716 1,942,443 29. 573 573 2,435 60,654 63,089 2,435 61,227 63,662 1,216 1,926 3,142 (1,216) (1,353) (2,569) 573 573 54,118,000 128,625,000 143

29. 148,714,000 4,208,000 19,842 17,466 37,308 (879) 83,163 82,284 33 48 48 19,011 100,629 119,640 20,599 20,599 (877) 17,466 16,589 33 120 120 19,842 17,466 37,308 144

29. 10% 10% 145

30. 26,000,000,000 0.00001 1,586 1,586 2,393,983,835 2,357,512,070 0.00001 147 145 260,000 5,200,000,000 0.00005 0.00005 1 373,444,013 0.00005 0.00001 260,000 26,000,000,000 0.00001 1,867,220,070 0.00001 8.50 426,341,000 8.50 63,951,000 4,167,482,000 3,302,729,000 4,026,035,684 3,183,191,000 36,471,765 0.10 31 22,340,000 36,471,765 22,338,000 115,739,000 146

31. 7,017,798 7,017,797 1,232,428 4,456,688 C 0.13 98,491,430 0.12 70,177,975 0.17 28,445,580 * 0.17 (1,935,910) 0.17 (132,125) 0.10 (36,471,765) 0.15 60,083,755 0.13 98,491,430 * 3,447,380 50% 1,723,690 10,315,266 147

31. 11,062,160 0.058 28,311,550 0.174 4,621,605 0.174 16,088,440 0.174 60,083,755 336,287,000 86,001,000 80,632,000 32. 10% 50% 25% 148

33. a 100% 257,000 2 (81) 17 336 257 257 257 (2) 255 13,396,000 919,000 5,002,789,000 1,401,039,000 149

33. b) 100% 550,000 15 278 18 192 29 29 (48) 451 17 99 550 550 550 (110) 440 118,000 5,002,901,000 1,400,847,000 150

33. a) 100% 1,328,000 18 481 47 6 7 (4) 29 (120) 417 17 911 1,328 1,328 47,000 6,000 (1,328) 7 (1,321) 151

33. a) 2,866,000 1,630,000 1,358,000 2,866,210,000 513,327,000 34. 107,000 337,000 35. 1,816,595,000 36. 12 15 16 24 152

37. 97,500 60,676 155,580 60,497 46,871 20,325 299,951 141,498 38. 37 2,812 1,075,113 153

39. a) LC Fund III, L.P.LC Fund III Hertz International Ltd. * Hertz Holdings * Grand Union Investment Fund, L.P. b) (i) 1,633,173 17,954 154

39. b) (ii) 195,277 (iii) 133,488 LC Fund III 54 133,542 (iv) Hertz International Ltd. 4,813 6,707 Hertz International Ltd. (v) Hertz International Ltd. 39 41 Hertz International Ltd. (vi) 1,356 155

39. b) (vii) 8,948 340 c) 475,852 20,069 1,507 Hertz International Ltd. 1,078 6,707 2,585 6,707 d) 3,964 2,206 38,123 29,601 42,087 31,807 8 156

40. 43,309 43,309 22 2,042,103 2,042,103 8,150 8,150 30,000 30,000 53,129 53,129 20 278,452 278,452 475,852 475,852 21 1,007,986 1,007,986 112,170 112,170 1,987,878 1,987,878 2,042,103 3,996,926 6,039,029 21,000 26 336,951 1,154,411 2,585 5,190,607 2,168,714 3,550 8,877,818 157

40. 132,782 132,782 4,626 4,626 53,129 53,129 20 242,192 242,192 20,069 20,069 21 408,044 408,044 155,072 155,072 1,070,000 1,070,000 1,352,435 1,352,435 2,368,349 1,070,000 3,438,349 24,671 26 326,813 2,778,887 6,707 831,802 14,777 3,983,657 158

41. 22 1,880,275 1,880,275 797,095,000 3.9 20% 310,959,000 310,959,000 159

41. 1,880,275 1,880,275 1,083,180 797,095 1,880,275 160

42. ** * (100) 11,270 100 (11,270) (100) 13,039 100 (13,039) * ** 161

42. ** * % (5) (285,385) 5 285,385 (5) (8,529) 5 8,529 * ** 20 162

42. 1 1 3 3 21,000 21,000 336,951 336,951 1,220,004 1,220,004 2,585 2,585 2,184,056 2,184,056 343,349 1,036,154 5,353,142 6,732,645 3,550 3,550 1,923,889 3,223,760 5,353,142 10,500,791 1 1 3 3 24,671 24,671 326,813 326,813 2,971,404 2,971,404 6,707 6,707 849,758 849,758 14,777 14,777 3,329,595 864,535 4,194,130 163

42. 1,154,411 2,778,887 2,168,714 831,802 5,190,607 (1,987,878) (1,352,435) 6,525,854 2,258,254 16,342,415 9,842,319 40% 23% 43. 22 44. 39 164

45. 1,881,752 1,881,752 256 6,055 7,378,394 2,740,028 467,786 445,434 7,846,436 3,191,517 5,190 7,611 5,190 7,611 7,841,246 3,183,906 9,722,998 3,183,906 5,190,607 850,235 6,040,842 3,682,156 3,183,906 147 145 3,350,403 3,242,064 331,606 (58,303) 3,682,156 3,183,906 165

45. (58,303) (58,303) (58,303) (58,303) 2,357,512,070 145 3,183,161 3,183,306 58,903 58,903 2,357,512,070 145 3,183,161 58,903 (58,303) 3,183,906 389,909 389,909 389,909 389,909 31 36,471,765 2 138,077 (115,739) 22,340 86,001 86,001 2,393,983,835 147 3,321,238 29,165 331,606 3,682,156 2.4 46. 166

819,208 1,609,022 2,702,715 3,520,436 5,002,719 (258,023) (535,979) (690,027) (670,163) (939,364) (268,265) (532,015) (861,638) (988,876) (1,362,519) (48,860) (48,032) (522,126) (621,982) (609,966) 244,060 492,996 628,924 1,239,415 2,090,870 1,678 (8,168) 20,704 26,195 669,821 (106,934) (140,346) (152,732) (92,710) (79,507) (148,750) (206,799) (378,226) (350,107) (465,608) (140,641) (270,037) (334,611) (309,466) (546,849) (150,587) (132,354) (215,941) 513,327 1,668,727 (638) 51 (7,424) (77,214) (267,331) (151,225) (132,303) (223,365) 436,113 1,401,396 (0.081) (0.071) (0.120) 0.218 0.591 (0.081) (0.071) (0.120) 0.212 0.575 3,767,873 5,058,295 6,167,071 9,842,319 16,342,415 3,620,047 5,042,772 6,094,133 4,252,735 9,243,094 147,826 15,523 72,938 5,589,584 7,099,321 167

James Peter MUELLER (ACS, ACIS) 2 100102 183 54 Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 183 22 699 www.zuche.com Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 168