United Rentals Announces Redemption Of Convertible Senior Subordinated Notes

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc., has given notice of its intention to redeem all of the outstanding 1 ⅞% Convertible Senior Subordinated Notes due 2023 (CUSIP Number 911365AH7) (the “Convertible Notes”) on December 13, 2012. As of September 30, 2012, there was approximately $5 million aggregate principal amount of the Convertible Notes outstanding. The Convertible Notes will be redeemed at a redemption price of 100% of the principal amount of the Convertible Notes redeemed, plus accrued and unpaid interest to the redemption date.

The Convertible Notes are convertible at any time prior to the close of business on December 12, 2012 at a rate of 45.8160 shares of common stock per $1,000 principal amount. The Convertible Notes surrendered for conversion will be settled in cash and stock in accordance with the provisions of the indenture.

The Bank of New York Mellon, the trustee for the Convertible Notes, is distributing a Notice of Redemption to all registered holders of the Convertible Notes on November 13, 2012. Copies of such Notice of Redemption and additional information relating to the procedure for redemption and/or conversion of the Convertible Notes may be obtained from The Bank of New York Mellon Bondholder Relations by calling 1-800-254-2826.

This announcement does not constitute an offer to buy or sell or the solicitation of an offer to sell or buy securities in any jurisdiction. The Convertible Notes have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 848 rental locations in 48 states and 10 Canadian provinces. The company’s approximately 11,200 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent approximately 3,400 classes of equipment with a total original cost of $7.40 billion. United Rentals is a member of the Standard & Poor’s MidCap 400 Index and the Russell 3000 Index® and is headquartered in Greenwich, Conn.

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