Clear Channel Outdoor Holdings, Inc. Announces Completion of Redemption by Clear Channel Worldwide Holdings, Inc. of Outstanding

  Clear Channel Outdoor Holdings, Inc. Announces Completion of Redemption by
  Clear Channel Worldwide Holdings, Inc. of Outstanding 9.25% Series A Senior
  Notes Due 2017 and 9.25% Series B Senior Notes Due 2017

Business Wire

SAN ANTONIO, Texas -- December 19, 2012

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced today that the
previously announced redemption by its indirect, wholly-owned subsidiary,
Clear Channel Worldwide Holdings, Inc., of all of its $219,545,000 aggregate
principal amount of 9.25% Series A Senior Notes due 2017 (the “Existing Series
A Notes”) and $555,748,000 aggregate principal amount of 9.25% Series B Senior
Notes due 2017 (the “Existing Series B Notes” and together with the Existing
Series A Notes, the “Existing Notes”) that remained outstanding after the
expiration of its tender offer on December 3, 2012 has been completed. The
Existing Notes were redeemed pursuant to a notice of redemption issued on
November 19, 2012 in accordance with the redemption provisions of the
indentures governing the Existing Notes (the “Existing Notes Indentures”).

This press release is for informational purposes only and does not constitute
a notice of redemption under the Existing Notes Indentures or an offer to buy
or the solicitation of an offer to sell with respect to any securities.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. is one of the world’s largest outdoor
advertising companies, with more than 750,000 displays in over 40 countries
across five continents, including 48 of the 50 largest markets in the United
States. Clear Channel Outdoor Holdings, Inc. offers many types of displays
across its global platform to meet the advertising needs of its customers.
This includes a growing digital platform that now offers over 1,000 digital
displays across 37 U.S. markets. Clear Channel Outdoor Holdings, Inc.’s
International segment operates in nearly 30 countries across Asia, Australia,
Europe and Latin America in a wide variety of formats.

Contact:

Clear Channel Outdoor Holdings, Inc.
Media
Wendy Goldberg, 212-549-0965
Senior Vice President – Communications
or
Investors
Brian Coleman, 210-822-2828
Senior Vice President and Treasurer