CCA Declares Quarterly Cash Dividend of $0.51 per Share

December 11, 2014

NASHVILLE, TN -- (Marketwired) -- 12/11/14 -- CCA (NYSE: CXW) (the "Company" or "Corrections Corporation of America"), America's largest owner of partnership correctional and detention facilities, announced today that its Board of Directors declared a quarterly dividend of $0.51 per share to be paid on January 15, 2015 to shareholders of record as of the close of business on January 2, 2015.

About CCA

CCA, a publicly traded real estate investment trust (REIT), 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 own or control 52 correctional and detention facilities and manage 12 additional facilities owned by our government partners, with a total design capacity of approximately 84,500 beds in 19 states and the District of Columbia. CCA specializes in owning, operating and managing prisons and other correctional facilities and providing residential, community re-entry and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services, our facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare offenders for their successful re-entry into society upon their release.

Investors and Analysts:
Cameron Hopewell
(615) 263-3024

Financial Media:
Dave Gutierrez
Dresner Corporate Services
(312) 780-7204

Source: Corrections Corporation of America