Revised: CORPORATE EVENT: Cendant Corp. (CD) 1:10 reverse stock split and name change 9/5/06

Clearing House Advisory Notices

To	Clearing Member Firms
From	Clearing House Department
Subject	Revised: CORPORATE EVENT: Cendant Corp. (CD) 1:10 reverse stock split and name change 9/5/06
Notice Date	2006-09-01
Notice Number	06-217
Effective Date	2006-09-05
Cendant Corporation (“CD”) has announced a 1 for 10 reverse stock split and name change. The ex-distribution date is September 5, 2006. Cendant Corporation’s name and trading symbol will be changed to “Avis Budget Group, Inc.” (“CAR”). For the full text of this advisory . . .