Central Parking Corporation Signs Company's Largest On-Street Enforcement Contract.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--May 19, 2004

Central Parking Corporation (NYSE:CPC) today announced that its European affiliate, Central Parking System of the UK, Ltd. has been awarded a five-year on-street contract with Wandsworth Borough Council in southwest London. Under the management agreement taking effect in September, Central Parking will provide enforcement for all controlled parking zones within the densely populated borough. Services include uniformed attendants patrolling parking zones and bays. The agreement is the sixteenth and the largest on-street operation Central Parking has signed in the UK. Wandsworth Borough is one of London's largest, covering 13 square miles and having a population of more than 260,000.

Monroe Carell, Jr., Central Parking Corporation chairman and chief executive officer, commented, "Privatization of municipal on-street parking services continues to be increasingly competitive in the UK. We are very pleased to have been awarded the Wandsworth Borough Council contract based on our track record and innovative ideas. This will be our largest on-street contract with client billings of $6 million annually. Wandsworth Borough Council demands quality service delivered in a responsible, cost-effective and accountable manner. Central Parking is committed to enforcing parking measures fairly and consistently while demonstrating sensitivity to the needs of residents, businesses and visitors."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading global provider of parking and transportation management services. The Company operates approximately 3,700 parking facilities containing more than 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.