Clear Channel Outdoor Holdings, Inc. Announces Completion Of Redemption By Clear Channel Worldwide Holdings, Inc. Of Outstanding 9.25% Series A Senior Notes Due 2017 And 9.25% Series B Senior Notes Due 2017

Clear Channel Outdoor Holdings, Inc. Announces Completion Of Redemption By Clear Channel Worldwide Holdings, Inc. Of Outstanding 9.25% Series A Senior Notes Due 2017 And 9.25% Series B Senior Notes Due 2017

San Antonio, Texas, December 19, 2012. Clear Channel Outdoor Holdings, Inc. (NYSE:  CCO) announced today that the previously announced redemption by its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc., of all of its $219,545,000 aggregate principal amount of 9.25% Series A Senior Notes due 2017 (the “Existing Series A Notes”) and $555,748,000 aggregate principal amount of 9.25% Series B Senior Notes due 2017 (the “Existing Series B Notes” and together with the Existing Series A Notes, the “Existing Notes”) that remained outstanding after the expiration of its tender offer on December 3, 2012 has been completed.  The Existing Notes were redeemed pursuant to a notice of redemption issued on November 19, 2012 in accordance with the redemption provisions of the indentures governing the Existing Notes (the “Existing Notes Indentures”).

This press release is for informational purposes only and does not constitute a notice of redemption under the Existing Notes Indentures or an offer to buy or the solicitation of an offer to sell with respect to any securities.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with over 560,000 displays in 31 countries across Asia, Europe, Latin America and North America. Reaching millions of people monthly, including consumers in 43 of the top 50 U.S. markets, Clear Channel Outdoor enables advertisers to engage with consumers through innovative advertising solutions. Clear Channel Outdoor is pioneering the integration of out-of-home with mobile and social platforms, and the company’s digital platform includes more than 1,200 digital billboards across 28 markets in the U.S. and more than 14,000 digital displays in international markets. More information is available at ClearChannelOutdoor.com and ClearChannelInternational.com.