Clear Channel Japan Wins First Bus Shelter Contract.

Joint Venture Between Clear Channel Outdoor and Mitsui & Co., Ltd. Enters Kawasaki, the 8(th) Largest Japanese City

PHOENIX -- Clear Channel Outdoor (NYSE:CCO), the largest outdoor advertising company worldwide, announced today that Clear Channel Japan, its joint venture with Mitsui & Co., Ltd, has been awarded the advertising contract for bus shelters in Kawasaki, Japan, following a public tender.

Clear Channel Japan submitted a proposal for 250 advertising bus shelters for a period of 20 years. The installation of the bus shelters will begin shortly.

"Securing this important contract so soon after the formation of our joint venture with Mitsui is a tribute to the quality of the team the two companies have assembled," stated Paul Meyer, Global President of Clear Channel Outdoor. "We look forward to building a strong presence in the Japanese outdoor market."

Kawasaki is home to 1.3 million people and is the 8th largest city in Japan. Kawasaki is sandwiched between Tokyo and Yokohama to form part of Greater Tokyo, the most populous urban area on earth.

"A unique bus shelter design was important to the city of Kawasaki. Our creative design team was able to put together designs that have never been seen in Japan," said Mr Mark Thewlis, Regional President Asia Pacific for Clear Channel Outdoor.

About Clear Channel Outdoor

Clear Channel Outdoor, based in Phoenix, Arizona, is the world's largest outdoor advertising company with over 870,000 displays in more than 50 countries across 6 continents. In the United States, the company operates over 144,000 advertising displays and has a presence in 45 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Adshel is the company's international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. More information may be found by visiting www.clearchanneloutdoor.com

About Mitsui & Co., Ltd.

Mitsui & Co., Ltd. (herein after as Mitsui, listed at TSE), together with its subsidiaries and associated companies, is one of Japan's largest general trading companies which trades in a diverse range of goods with business partners in every region of the world, and also engages in major international infrastructure and other projects. Mitsui undertakes sales and marketing, import and export, and international trading and manufacturing in business segments including metal products & minerals, machinery, electronics & information, chemicals, energy, and consumer product & services. Mitsui provides comprehensive services in areas such as retail, logistics and transportation, and finance, and is actively involved in natural resource development with strategic business investments including IT and emerging technologies, and undertakes a broad range of other business initiatives. http://www.mitsui.co.jp/tkabz/english/index.html