Bernstein Liebhard & Lifshitz LLP Announces Prison Realty Class Action Deadline Approaching.

NEW YORK--(BUSINESS WIRE)--July 12, 1999--

The Following is an Announcement by the Law Firm of Bernstein

Liebhard & Lifshitz, LLP:

Bernstein Liebhard & Lifshitz, LLP, ("Class Counsel"), which represents a substantial number of shareholders in a class action suit against Prison Realty Trust, Inc., (NYSE:PZN)("Prison Realty" or the "Company") and certain of its officers and directors, announces that investors who purchased or otherwise acquired Prison Realty stock during the Class Period (January 1, 1999 through May 14, 1999, inclusive) or who acquired Prison Realty stock in connection with the merger with Corrections Corporation of America, have until July 26, 1999 to seek status as a class representative.

Many of you have received packets from Class Counsel in the mail and/or by email containing important information regarding this case, including information on how to become a class representative. If you have received such a packet and wish to join, you must return the Certification so that it is received no later than July 21, 1999, to

BY MAIL Or BY FAX Prison Realty 1(800)863-0598 Class Action Department C/O Bernstein Liebhard & Lifshitz, LLP 10 East 40th Street New York, NY 10016

To ensure that you are included or if you wish to discuss this action or have any questions regarding joining as a class representative, please contact Sandy A. Liebhard, Esq. or the Prison Realty Class Action Department at 1(800) 217-1522 or at [e-mail] by e-mail. Those who inquire by e-mail are asked to provide their mailing address and telephone number.