Corrections Corporation of America Corrects Paid-In-Kind Dividend Per Share; $9.20 Sted $9.02

July 9, 2001

--(BUSINESS WIRE)--

In BW2295, (TN-CORRECTIONS-CORP) Determines Fair Market Value of Shares of Series B Preferred Stock Issued on July 2, 2001 as Paid-In-Kind Dividend, third graph, third line should read xxx a paid-in-kind dividend was $9.20 (sted $9.02).

CONTACT: Corrections Corporation of America, Nashville
Karin Demler, 615/263-3005