World's largest car club operator appoints new GM

Paul McLoughlin to oversee UK brand launch for Zipcar

LONDON (29 November 2006) — The world's largest car club operator, Zipcar, today announced that it has appointed Paul McLoughlin to the newly created position of General Manager of UK and European operations. As General Manager, Mr. McLoughlin will oversee Zipcar's launch into London, and be responsible for building its European brand and operations.

In North America, Zipcar has attracted more than 80,000 members and taken more than 32,000 vehicles off the road. Zipcar is the world's largest and fasting growing car club and it expects that Paul McLoughin will lead the company to similar results in the London. By offering the coolest and newest cars on the road, Zipcar's award-winning technology, and industry-leading customer service, Mr. McLoughlin will be responsible for building membership and reducing car ownership by showing Londoners why Zipcar's car club experience is better than owning a vehicle.

Paul McLoughlin said: "Londoners and smart, forward-thinking organizations like TFL are recognising that private car ownership does not represent value for money or smart living and that we need innovative solutions to the city's congestion challenges. I am excited to build Zipcar's fun, urban lifestyle brand in Europe and lead its UK and European operations because I believe it is a solution that can replace car ownership for tens of thousands of Londoners and reduce congestion and Co2 emissions in some of Europe's largest cities."

Scott Griffith, Zipcar CEO said: "Zipcar is about providing freedom to urban residents and businesses so that they can have all the benefits of car ownership without the costs and hassles. Paul will play an integral role in bringing our brand and superior product and member experience to the UK. He will lead our operations and raise awareness that the Zipcar experience can be more fun, convenient and affordable than having your own car."

Before joining Zipcar, Paul McLoughlin spent three years as European General Manager for Vipre (part of VPSI), a transport planning and transport demand management consultancy, with offices in Dublin, London, Edinburgh, Amsterdam and Rotterdam. During that time, Paul and his team doubled Vipre revenues through advising on large scale transport management initiatives, including the first fiscal incentives to use transit alternatives in the Netherlands and researching car club feasibility in Ireland. Paul was responsible for developing the UK's first not for profit Transport Management Agency in Aberdeen, Scotland. Prior to that role, he worked for both Ernst & Young and Savills in senior posts in facilities and property consulting around the UK and Ireland.

Paul graduated from Anglia University with a degree in Hospitality Management and also studied for Chartered Institute of Marketing Diploma thereafter. He also has an Msc from South Bank University in Property Management. Paul has lived in South West London for more than 10 years.

Zipping in London

With Zipcar's award-winning technology, accessing and using a Zipcar is as easy as getting money from a cashpoint. Within minutes or up to a year in advance, car club members can reserve Zipcars online or by phone, 24 hours a day, seven days a week.

To celebrate the arrival of Zipcars in London, residents can now join the Zipcar car club at www.zipcar.com for only £50. As a welcome gesture, and for a limited time, Zipcar will also include £25 of free driving so that urbanites can 'kick the tyres' of car sharing to experience its benefits first hand. Rates in London start at £4.20 per hour and £34 per day (any 24 hour period), with petrol, designated parking and comprehensive insurance included. To join, London residents simply need to have a valid driving license, be over 21 years of age and meet safe driving standards.

About Zipcar
With 80,000 consumer and business drivers, Zipcar is the world's largest and fastest growing car sharing service. The company currently operates 2,500 vehicles in London and 13 states and provinces throughout the United States and Canada, including metropolitan New York, Boston, Chicago, San Francisco, Minneapolis, Toronto and Washington.

Through its success to date, Zipcar has proven that large-scale car clubs can make a positive impact on urban lifestyle and environment. After joining the service, more than 40% of Zipcar members report selling their car or delaying a decision to purchase a new vehicle. Members also report driving less and walking and using public transportation more, saving an average of £250 compared to the average cost of owning and operating a car in the city. Zipcar also replaces older vehicles with newer cars that have more stringent pollution and emission control, helping to improve air quality in local communities.

The launch of Zipcar into London and the European market follows three consecutive years of 100%+ growth for the company.

For more information, visit www.zipcar.com.