Lamar Advertising Company Prices Private Offering of Senior Notes

Lamar Advertising Company Prices Private Offering of Senior Notes

BATON ROUGE, La., Jan. 7, 2014 (GLOBE NEWSWIRE) -- Lamar Advertising Company
(Nasdaq:LAMR) announced today that its wholly owned subsidiary, Lamar Media
Corp., has agreed to sell $510 million in aggregate principal amount of 5 3/8%
Senior Notes due 2024 (the "Notes") through an institutional private
placement.The proceeds, after the payment of fees and expenses, to Lamar
Media of this offering are expected to be approximately $502.3
million.Subject to customary closing conditions, the closing of this offering
is expected on or about January 10, 2014.

Lamar Media intends to use the proceeds of this offering, after the payment of
fees and expenses, to repay all of the indebtedness outstanding under its
senior credit facility and for general corporate purposes.

This announcement is neither an offer to sell nor a solicitation of an offer
to buy the Notes.

The Notes subject to the private placement have not been registered under the
Securities Act of 1933, as amended, or any state securities laws, and are
being offered only to qualified institutional buyers in reliance on Rule144A
under the Securities Act and to non-U.S. persons in offshore transactions in
reliance on RegulationS.Unless so registered, the Notes may not be offered
or sold in the United States or to U.S. persons except pursuant to an
exemption from the registration requirements of the Securities Act and
applicable state securities laws.

Forward-Looking Statements

This press release contains forward-looking statements regarding Lamar Media's
ability to complete the private placement and its application of net proceeds.
These forward-looking statements involve a number of risks and uncertainties.
Among the important factors that could cause actual results to differ
materially from those results indicated in the forward-looking statements are
uncertainties relating to market conditions for corporate debt securities
generally and for the securities of advertising companies and for Lamar Media
in particular.

This news release is for informational purposes only and is not an offer to
buy, or the solicitation of an offer to sell, securities.

CONTACT: Lamar Media Corp.
         Keith Istre
         Chief Financial Officer
         (225) 926-1000
         KI@lamar.com
 
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