Central Parking Corporation Signs Company's Largest Airport Contract.

NASHVILLE, Tenn. -- Central Parking Corporation (NYSE: CPC) today announced that District of Columbia Parking Associates, a partnership between Central Parking System of Virginia, Inc., and AutoPark, Inc., has been awarded a multi-year contract to operate parking and shuttle services at Washington Dulles International Airport. Under the management agreement commencing November 1, the partnership will oversee more than 25,000 parking spaces and a fleet of 48 shuttle buses. Dulles Airport becomes the eighth large hub airport in Central Parking's portfolio of 30 airports, reinforcing the Company's position as the leading parking operator of major airports in the United States. Based on space-count, Washington Dulles International is the largest single airport operation Central Parking manages.

Monroe Carell, Jr., Central Parking Corporation chairman and chief executive officer, commented, "We are very pleased that District of Columbia Parking Associates was selected by the Metropolitan Washington Airports Authority to manage parking at Dulles Airport. Dulles serves 20 million passengers annually including nearly 4 million international passengers. It is one of the fastest growing airports in the world and a major East Coast gateway for domestic and international travelers as well as cargo activities. A $3 billion Capital Construction Program is under way with a Master Plan build out that will handle 55 million passengers a year. This is our largest airport contract to date in terms of parking spaces and the largest source of concession revenue for the Airports Authority. The airport anticipates that collections from parking operations will exceed $60 million annually."

AutoPark, Inc., is a District of Columbia parking operator and qualified Local, Small, Disadvantaged Business Enterprise headed by David Wilmot.

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading global provider of parking and transportation management services. The Company manages parking at 30 airports including George Bush Intercontinental (Houston), Toronto Pearson International, BAA London Heathrow International, Miami International, Dallas-Fort Worth International, Lambert-St. Louis International, Fort Lauderdale/Hollywood International and Detroit Metropolitan Wayne County Airport. As of June 30, 2004, CPC operates approximately 3,600 parking facilities containing approximately 1.6 million spaces at locations in 38 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Mexico, Chile, Peru, Colombia, Venezuela, Germany, Switzerland, Poland, Spain and Greece.

This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission.