Ryder System, Inc. makes available to its registered shareholders and interested first time investors a direct purchase and sale, and dividend reinvestment plan for shares of Ryder common stock. The plan is called the Computershare Investment Plan or “CIP ^SM”, and it is sponsored and administered solely by Ryder's stock transfer agent, Computershare Trust Company, N.A. (Computershare). CIP offers a convenient and cost effective way to buy and sell shares of Ryder's common stock. Plan participants are responsible for enrollment and transaction fees and costs.

If you are not a registered holder of Ryder's common stock, you must make a minimum initial investment of $250. After you make this initial investment, you can make additional investments in amounts as low as $50. If you are already a registered holder, the minimum investment amount is $50. The limit on the amount you can invest in any one year is $250,000.

CIP allows participants to:

• Buy shares of Ryder common stock directly through Computershare, as the administrator of the plan
• Choose to purchase additional shares of Ryder common stock through dividend reinvestment, or receive dividends by check or direct deposit to your bank account
• Hold your shares in book-entry form at our transfer agent, eliminating the risk of lost or stolen certificates. You can still request physical certificates at any time
• Deposit your Ryder stock certificates directly into your plan account. You can withdraw or transfer all or a portion of your shares at any time
• Sell all or a portion of your Ryder shares of common stock held in your plan account without having to request the issuance of a stock certificate

Participation in the plan is voluntary, and may not be suitable for you. You can decide to withdraw from the plan at any time. You should talk with your financial advisor before enrolling in the plan and deciding how much to invest.

As with any common stock, Ryder shares are not insured by the Federal Deposit Insurance Corporation and are not guaranteed by Computershare or Ryder System, Inc. Shares of common stock are subject to investment risk, including the loss of the amount you invest. Shares held in CIP are not protected under the Securities Investor Protection Act of 1970.

The CIP brochure and enrollment form provide important additional information and disclosures about CIP, including a schedule of the current fees and costs paid by participants and the terms and conditions that govern the plan. Please read these documents carefully before you decide to participate in the plan.

To receive a CIP enrollment kit, including a plan brochure and enrollment form, or to ask questions about the plan, please contact Computershare using one of the following options: