U-Haul International Subsidiary Notifies Trustee to Prepay Cargo Van and Pick-up Asset Backed Notes

RENO, Nev., January 29, 2010 – AMERCO (Nasdaq: UHAL) today announced that its subsidiary, U-Haul S Fleet, LLC, has notified the trustee of its 5.404% Series 2007-1 Cargo Van and Pick-up Asset Backed Notes of its intent to prepay the remaining outstanding balance on February 25, 2010. Pursuant to the terms of the Series 2007-1 supplement, the notes will be prepaid at par.

The Company plans to finance its 2010 through 2012 acquisitions for pickups and cargo vans with a secured loan that closed on December 31, 2009.

Address

1325 Airmotive Way
Suite 100
Reno, Nevada 89502

Phone

Director of I.R.
Jennifer Flachman
(602) 263-6601

Email

investor_relations@amerco.com

Certain of the statements made on this Web site regarding our business constitute forward-looking statements contemplated under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of various risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.