Central Parking Corporation Starts Parking Services At London Luton Airport; Outsourcing Agreement Expands United Kingdom Operations.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--April 4, 2001

Central Parking Corporation (NYSE:CPC) today announced that it has begun managing the parking services for London Luton Airport ("Luton") under a 7-year contract. The Company is managing Luton's 12,500 parking spaces as well as providing passenger transport services to the terminal. Luton is one of the fastest growing airports in the United Kingdom as evidenced by a near tripling in its passenger count over the four years from 1996 to 2000.

Monroe J. Carell, Jr., chairman, commented, "We look forward to a successful working relationship with the public-private partnership that owns and manages Luton. This contract not only expands our operating base in the United Kingdom but also represents the type of outsourcing opportunity that is increasingly being presented to us. We have been involved in managing certain of the terminal operations at Heathrow International Airport for ten years, and that experience clearly helped us in securing this contract."

Carell noted that Central Parking Corporation's involvement with other major airports includes parking and transportation services for Heathrow International Airport in London, Athens International Airport in Greece, the George Bush Intercontinental and William P. Hobby Airports in Houston, Philadelphia International Airport and Miami International Airport.

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation management services. The Company operates approximately 4,400 parking facilities containing approximately 1.6 million spaces at locations in 40 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Germany, Mexico, Poland, Spain, Venezuela 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.