The GEO Group Signs Contract Amendment for the Continued Management of the 1,500-Bed East Mississippi Correctional Facility Through 2015

The GEO Group (NYSE: GEO) (“GEO”) announced today that it has signed a contract amendment with the East Mississippi Correctional Facility Authority (the “Authority”) for the continued management of the 1,500-bed East Mississippi Correctional Facility (the “Facility”) located in Meridian, Mississippi. The amendment extends GEO’s contract with the Authority through March 15, 2015. The Authority in turn has a concurrent contract with the Mississippi Department of Corrections for the housing of Mississippi inmates at the Facility. The Facility is expected to generate approximately $21.7 million in annualized revenues. GEO has managed the East Mississippi Correctional Facility since 1999.

George C. Zoley, Chairman and Chief Executive Officer of GEO, said, “We appreciate the confidence placed in our company by the East Mississippi Correctional Facility Authority and the Mississippi Department of Corrections. We have established a successful public-private partnership with the Authority and the State of Mississippi, and we look forward to building on this partnership with our newly extended management contract.”

The GEO Group, Inc. ("GEO") is a world leader in the delivery of correctional, detention, and residential treatment services to federal, state, and local government agencies around the globe. GEO offers a turnkey approach that includes design, construction, financing, and operations. GEO represents government clients in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include the management and/or ownership of 63 correctional and residential treatment facilities with a total design capacity of approximately 61,500 beds, including projects under development.

This press release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially affect actual results, including statements regarding estimated earnings, revenues and costs and our ability to maintain growth and strengthen contract relationships. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to: (1) GEO’s ability to successfully pursue further growth and continue to enhance shareholder value; (2) GEO’s ability to access the capital markets in the future on satisfactory terms or at all; (3) risks associated with GEO’s ability to control operating costs associated with contract start-ups; (4) GEO’s ability to timely open facilities as planned, profitably manage such facilities and successfully integrate such facilities into GEO’s operations without substantial costs; (5) GEO’s ability to win management contracts for which it has submitted proposals and to retain existing management contracts; (6) GEO’s ability to obtain future financing on acceptable terms; (7) GEO’s ability to sustain company-wide occupancy rates at its facilities; and (8) other factors contained in GEO’s Securities and Exchange Commission filings, including the forms 10-K, 10-Q and 8-K reports.