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Eileen McLaughlin
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InvestorRelations@clearchannel.com

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Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk.

Clear Channel Outdoor Holdings, Inc. (“CCO”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

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Please note that the information presented is sourced from CCO’s filings with the Securities and Exchange Commission and is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards and procedures. Some information may be considered immaterial in the published year and has been consolidated with other line items, resulting in certain line items no longer being comparable.

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In addition to disclosing results determined in accordance with generally accepted accounting principles (“GAAP”), CCO may also disclose information that does not conform to GAAP, including Adjusted EBITDA, Adjusted Corporate expenses, Funds From Operations and Adjusted Funds From Operations. CCO believes these non-GAAP measures help investors better understand CCO’s operating performance as compared to other out-of-home advertisers, and these metrics are widely used by such companies in practice. CCO uses these non-GAAP measures to plan and forecast future periods, to measure performance for compensation of CCO’s executives and other members of management, to evaluate CCO’s operations with the same terms used by CCO’s direct competitors and to facilitate period-to-period comparisons of business performance. Since these non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, the most directly comparable GAAP financial measures, as an indicator of operating performance, or CCO’s ability to fund its cash needs. In addition, these measures may not be comparable to similar measures provided by other companies. All non-GAAP data should be read in conjunction with CCO’s most recent Annual Report on Form 10-K, Form 10-Qs and Form 8-Ks, which are available on the Investor Relations page of CCO’s website.

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