News Release

NASHVILLE, TN, May 15, 2014 (Menafn - Marketwired via COMTEX) --CCA CXW (the "Company" or "Corrections Corporation ofAmerica"), America's largest owner of partnership correctional anddetention facilities, announced today that its Board of Directorsdeclared a quarterly dividend of 0.51 per share to be paid on July15, 2014 to shareholders of record as of the close of business onJuly 2, 2014.

About CCA CCA, a publicly traded real estate investment trust(REIT), is the nation's largest owner of partnership correction anddetention facilities and one of the largest prison operators in theUnited States, behind only the federal government and three states.We currently own or control 52 correctional and detention facilitiesand manage 13 additional facilities owned by our government partners,with a total design capacity of approximately 86,500 beds in 20states and the District of Columbia. CCA specializes in owning,operating and managing prisons and other correctional facilities andproviding inmate residential, community re-entry and prisonertransportation services for governmental agencies. In addition toproviding the fundamental residential services relating to inmates,our facilities offer a variety of rehabilitation and educationalprograms, including basic education, faith-based services, lifeskills and employment training and substance abuse treatment.

Forward-Looking Statements This press release contains statementsas to our beliefs and expectations of the outcome of future eventsthat are forward-looking statements as defined within the meaning ofthe Private Securities Litigation Reform Act of 1995. Theseforward-looking statements are subject to risks and uncertaintiesthat could cause actual results to differ materially from thestatements made. These include, but are not limited to, the risks anduncertainties associated with: (i) general economic and marketconditions, including the impact governmental budgets can have on ourper diem rates, occupancy, and overall utilization; (ii) fluctuationsin our operating results because of, among other things, changes inoccupancy levels, competition, increases in cost of operations,fluctuations in interest rates and risks of operations; (iii) ourability to obtain and maintain correctional facility managementcontracts, including, but not limited to, as a result of sufficientgovernmental appropriations, contract compliance and as a result ofinmate disturbances; (iv) changes in the privatization of thecorrections and detention industry, the public acceptance of ourservices, the timing of the opening of and demand for new prisonfacilities and the commencement of new management contracts; (v)changes in governmental policy and in legislation and regulation ofthe corrections and detention industry that affect our business,including but not limited to, the impact of a government shutdown,and California's continued utilization of out of state privatecorrectional capacity; (vi) our ability to meet and maintain REITqualification tests; and (vii) increases in costs to construct orexpand correctional facilities that exceed original estimates, or theinability to complete such projects on schedule as a result ofvarious factors, many of which are beyond our control, such asweather, labor conditions and material shortages, resulting inincreased construction costs. Other factors that could causeoperating and financial results to differ are described in thefilings made from time to time by us with the Securities and ExchangeCommission.

CCA takes no responsibility for updating the information contained inthis press release following the date hereof to reflect events orcircumstances occurring after the date hereof or the occurrence ofunanticipated events or for any changes or modifications made to thispress release.

Contact:
Investors and Analysts:
Karin Demler
CCA
(615) 263-3005

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