Exhibit (a)(5)(ii)
5551 Corporate Boulevard
Baton Rouge, LA 70808
Baton Rouge, LA 70808
Lamar Advertising Company Announces
Increase in Tender Offer Price For
2⅞% Convertible Notes Due 2010 — Series B and Extends Expiration Date
Increase in Tender Offer Price For
2⅞% Convertible Notes Due 2010 — Series B and Extends Expiration Date
Baton Rouge, LA — June 29, 2009 — Lamar Advertising Company (NASDAQ: LAMR), a leading owner and
operator of outdoor advertising and logo sign displays, today announced that in connection with the
tender offer to purchase for cash any and all of its outstanding 2⅞% Convertible Notes due 2010 —
Series B, it has increased the purchase price of the notes to $977.50 per $1,000 principal amount of
notes tendered, plus accrued and unpaid interest up to, but not including, the payment date for the
notes.
The full terms and conditions
of the tender offer are set forth in the Offer to Purchase dated June 11, 2009, Letter of Transmittal
and related materials, each as amended or supplemented from time to time.
In addition,
Lamar has extended the tender offer. As amended, the tender offer will
now expire at 12:00 midnight, New York City time, at the end of July 14, 2009,
unless further extended or earlier terminated by Lamar.
The dealer managers for the tender offer are J.P. Morgan Securities Inc. and Wachovia Capital
Markets, LLC. Global Bondholder Services Corporation is acting as depository and information agent
in connection with the tender offer. Any questions regarding procedures for tendering the notes or
requests for additional copies of the Offer to Purchase, Letter of Transmittal and related
documents, which are available for free and which describe the tender offer in greater detail,
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
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
Banks and Brokers call: (212) 430-3774
Fax: (212) 430-3775
None of Lamar, its board of directors, the dealer managers, the information agent or the depository
is making any recommendation to holders of notes as to whether or not they should tender any notes
pursuant to the tender offer.
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, Letter of Transmittal and related materials that Lamar
has distributed to holders of the notes and filed with the SEC on June 11, 2009 as exhibits to its
Schedule TO, as each may be amended or supplemented from time to time. Holders of notes should
read the Offer to Purchase, Letter of Transmittal and related tender offer materials, as amended or
supplemented, because they contain important information. Holders of notes can obtain a copy of
the Offer to Purchase, Letter of Transmittal and other tender offer related materials, as amended
or supplemented, free of charge from the SEC’s website at www.sec.gov.
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 June 1,
2009,