The GEO Group Sets Record Date for Potential $340-360 Million Special Dividend; Dividend Subject to Approval by Board of

  The GEO Group Sets Record Date for Potential $340-360 Million Special
  Dividend; Dividend Subject to Approval by Board of Directors

  *Record Date for Potential Special Dividend is December 12, 2012
  *GEO Expects Board to Decide on Dividend on or before December 7, 2012
  *Setting of Record Date Allows for Potential Payment of Special Dividend
    before Year End 2012

Business Wire

BOCA RATON, Fla. -- November 30, 2012

The GEO Group, Inc. (NYSE: GEO) ("GEO") today announced that it has set a
record date of December 12, 2012 for the potential payment of a special
$340-360 million dividend on or before December 31, 2012, subject to the
approval of its Board of Directors (the "GEO Board"). GEO expects the GEO
Board to make a decision as to whether to approve the special dividend on or
before December 7, 2012. The potential special dividend would be paid in
connection with the consideration by GEO's Board of whether GEO should elect
to convert into a real estate investment trust ("REIT").

According to applicable NYSE and SEC rules, the publishing of this record
date, subject to GEO Board approval, is necessary at this time to preserve the
potential payment of the special dividend prior to year-end 2012. If and when
the special dividend is approved, each shareholder would be able to elect to
receive payment of the special dividend either in cash or in shares of common
stock, except that GEO will limit the aggregate amount of cash payable to
shareholders (other than cash payable in lieu of fractional shares) to 20% of
the total value of the special dividend. GEO would announce further details of
the special dividend if and when GEO Board approval is received. There can be
no assurance that GEO's Board will approve the payment of the special dividend
or that GEO's Board will approve GEO's conversion into a REIT.

About The GEO Group, Inc.

The GEO Group, Inc. is the world’s leading diversified provider of
correctional, detention, and residential treatment services to federal, state,
and local government agencies around the globe. GEO offers a turnkey approach
that includes design, construction, financing, and operations. GEO represents
government clients in the United States, Australia, South Africa, and the
United Kingdom. GEO’s worldwide operations include 20,000 employees, 108
correctional, detention and residential treatment facilities, including
projects under development, and 75,000 owned and/or managed beds.

Safe-Harbor Statement

This press release contains forward-looking statements regarding future events
and future performance of GEO that involve risks and uncertainties that could
materially affect actual results, including statements regarding the potential
payment of a special dividend before year-end 2012. Factors that could cause
actual results to vary from current expectations and forward-looking
statements contained in this press release include, but are not limited to:
(1) whether or not GEO’s Board approves a conversion by GEO into a REIT; (2)
whether or not GEO's Board approves the special dividend; and (3) other
factors contained in GEO’s Securities and Exchange Commission filings,
including the Form 10-K, 10-Q and 8-K reports.

Contact:

The GEO Group, Inc.
Pablo E. Paez, 866-301-4436
Vice President, Corporate Relations