5551 Corporate Boulevard
Baton Rouge, LA 70808

Lamar Advertising Company Announces Pricing
of Private Offering of Senior Subordinated Notes

Baton Rouge, LA – Wednesday, August 10, 2005 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it has agreed to sell $400.0 million principal amount of 6.625% senior subordinated notes due 2015 of Lamar Media Corp., its wholly owned subsidiary, in an institutional private placement, as previously announced. The closing of the sale is expected to occur on August 16, 2005 and is subject to customary closing conditions.

Lamar Media intends to use the net proceeds of this offering to repay a portion of its bank credit facility.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the notes.

The notes subject to the private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S. Unless so registered, the notes may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from registration requirements of the Securities Act and applicable state securities laws.

Forward Looking Statements

This press release contains forward-looking statements regarding Lamar Media’s ability to complete this private placement and its application of net proceeds. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to market conditions for corporate debt securities generally and for the securities of advertising companies and for Lamar Media in particular.

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