Lamar Advertising Company Announces Completion of Tender Offer For 2 7/8%Convertible Notes Due 2010 - Series B

BATON ROUGE, La.--(Business Wire)--
Lamar Advertising Company (NASDAQ: LAMR), a leading owner and operator of
outdoor advertising and logo sign displays, today announced that it has
completed its tender offer to purchase for cash any and all of its outstanding
2⅞%Convertible Notes due 2010 - Series B.

The tender offer for the notes expired at 12:00 midnight, New York City time, at
the end of April 17, 2009. The depositary for the tender offer has advised Lamar
that an aggregate of $153,633,000 principal amount, or approximately 53.5%, of
the outstanding notes were validly tendered in the tender offer and not validly
withdrawn prior to the expiration of the tender offer. In accordance with the
terms of the tender offer, Lamar accepted for payment $153,633,000 principal
amount of notes at a purchase price of $920 per $1,000 principal amount of
notes, plus, with respect to such notes, all accrued and unpaid interest up to,
but not including, the payment date for notes validly tendered and accepted for
payment, which is expected to be April 20, 2009.

Pursuant to the terms of the tender offer, notes not tendered, or tendered and
validly withdrawn, in the tender offer will remain outstanding, and the terms
and conditions governing the notes, including the covenants and other provisions
contained in the indenture governing the notes, will remain unchanged.

The dealer managers for the tender offer were J.P. Morgan Securities Inc. and
Wachovia Capital Markets, LLC. Global Bondholder Services Corporation acted as
depository and information agent in connection with the tender offer. Any
questions regarding the tender offer should be directed to Global Bondholder
Services Corporation, whose address and telephone number are as follows:

Global Bondholder Services Corporation
65 Broadway - Suite 723
New York, New York 10006

Holders call toll-free: (866) 857-2200
Banks and Brokers call: (212) 430-3774
Fax: (212) 430-3775

This press release is for informational purposes only and shall not constitute
an offer to purchase nor a solicitation for acceptance of the tender offer
described above. The tender offer is being made only pursuant to the Offer to
Purchase, as amended, Letter of Transmittal and related materials that Lamar
filed with the SEC as exhibits to its Schedule TO, as amended. Holders of notes
can obtain a copy of the Offer to Purchase, Letter of Transmittal and other
tender offer related materials free of charge from the SEC`s website at
www.sec.gov or from the information agent, as described above.

About Lamar

Lamar Advertising Company is one of the largest outdoor advertising companies in
the United States based on number of displays and has operated under the Lamar
name since 1902. As of December 31, 2008, Lamar owned and operated approximately
159,000 billboard advertising displays in 44 states, Canada and Puerto Rico,
approximately 100,000 logo advertising displays in 19 states and the province of
Ontario, Canada, and operated over 29,000 transit advertising displays in 17
states, Canada and Puerto Rico. Lamar offers its customers a fully integrated
service, satisfying all aspects of their billboard display requirements from ad
copy production to placement and maintenance. Lamar`s corporate headquarters is
located in Baton Rouge, Louisiana.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and
uncertainties, including statements concerning Lamar`s expectations regarding
the timing for its payment for notes accepted for payment pursuant to the tender
offer. Lamar is under no obligation to, and expressly disclaims any obligation
to, update or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required by law.

Lamar Advertising Company
Keith A. Istre, 225-926-1000
ki@lamar.com

Copyright Business Wire 2009