CCA to Cease Operations of Certain Facilities

CCA to Cease Operations of Certain Facilities 
No Affect to Previous Guidance 
NASHVILLE, TN -- (Marketwired) -- 06/12/13 --   CCA (NYSE: CXW)
(Corrections Corporation of America) announced today that the Texas
Department of Criminal Justice (TDCJ) elected not to renew its
contracts for the CCA owned and operated 2,103-bed Mineral Wells
Pre-Parole Transfer Facility and the 2,216-bed Dawson State Jail,
owned by the state of Texas but operated by CCA. The TDCJ was
legislatively required to close two facilities due to budget
reductions. As a result, in August 2013, upon expiration of the
contracts, CCA will cease operations of the Dawson facility and will
idle the Mineral Wells facility. 
Additionally, CCA announced it was not selected for the continued
management of the 1,000-bed Wilkinson County Correctional Facility
owned by the state of Mississippi. CCA will cease operations of the
Wilkinson facility at the end of June 2013, upon expiration of the
contract. The Wilkinson facility was operating at a loss. 
CCA previously disclosed that it could lose the contracts for the
continued management of these facilities, and its 2013 guidance is
not affected by the loss of these contracts. Guidance does not
include goodwill or other charges associated with the closure of
these facilities. CCA expects to report such charges totaling
approximately $3.5 million during the second quarter of 2013.  
About CCA 
 CCA is the nation's largest owner of partnership
correction and detention facilities and one of the largest prison
operators in the United States, behind only the federal government
and three states. We currently operate 67 facilities, including 51
facilities that we own or control, with a total design capacity of
approximately 92,500 beds in 20 states and the District of Columbia.
CCA specializes in owning, operating and managing prisons and other
correctional facilities and providing inmate residential services for
governmental agencies. In addition to providing the fundamental
residential services relating to inmates, our facilities offer a
variety of rehabilitation and educational programs, including basic
education, religious services, life skills and employment training
and substance abuse treatment.  
Forward-Looking Statements 
 This press release contains statements
to the Company's beliefs and expectations of the outcome of future
events that are forward-looking statements as defined within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the statements made. These include, but are not limited to, the
risks and uncertainties associated with: (i) our ability to meet and
maintain REIT qualification tests; (ii) general economic and market
conditions, including the impact governmental budgets can have on our
per diem rates, occupancy and overall utilization; (iii) the
availability of debt and equity financing on terms that are favorable
to us; (iv) fluctuations in our operating results because of, among
other things, changes in occupancy levels, competition, increases in
cost of operations, fluctuations in interest rates and risks of
operations; (v) our ability to obtain and maintain correctional
facility management contracts, including as a result of sufficient
governmental appropriations and as a result of inmate disturbances;
(vi) changes in the privatization of the corrections and detention
industry, the public acceptance of our services, the timing of the
opening of and demand for new prison facilities and the commencement
of new management contracts; (vii) changes in government policy and
in legislation and regulation of the corrections and detention
industry, which may adversely affect our business, including the
impact of the Budget Control Act of 2011 on federal corrections
budgets, California's utilization of out of state private
correctional capacity, and the impact of any changes to immigration
reform laws; and (viii) increases in costs to construct or expand
correctional facilities that exceed original estimates, or the
inability to complete such projects on schedule as a result of
various factors, many of which are beyond our control, such as
weather, labor conditions and material shortages, resulting in
increased construction costs. 
CCA takes no responsibility for updating the information contained in
this press release following the date hereof to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events or for any changes or modifications made to this
press release. 
Investors and Analysts: 
Karin Demler
(615) 263-3005  
Steve Owen 
(615) 263-3107 
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