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Press Release: Cendant Corporation
November 26, 2002
NEW YORK, NY -- Cendant Corporation (NYSE: CD) stated yesterday in response to reports in the media that there
is no basis for, nor is there any indication of an investigation by the Securities Exchange Commission or other
authorities into Cendant with regard to the alleged activities at Homestore.com (Homestore).
Further, the Company stated that it has received no revenue from Homestore since June 1999. Accordingly, the alleged
"round-trip" transactions between Homestore, Cendant and the independent Real Estate Technology Trust
have no basis in fact.
Moreover, the Company has disclosed in numerous public filings over the past five years its relationship with the
Real Estate Technology Trust and, beginning in 2000, the Trust's relationship with Homestore.
About Cendant Corporation
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately
80,000 employees, New York City-based Cendant provides these services to business and consumers in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's
Web site at http://www.cendant.com or by calling 877-4-INFOCD
(877-446-3623).
Source: Cendant Corporation