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 The GEO Group GEO ("GEO") announced today that it has 
 been awarded two ten-year contracts, inclusive of renewal option 
 periods, by the Federal Bureau of Prisons ("BOP") for the continued 
 housing of criminal aliens under the custody of the BOP at the 
 company-owned 1,800-bed Big Spring Facility and the company-owned 
 1,732-bed Flight Line Facility, which on a combined basis were 
 previously referred to as the Big Spring Correctional Center in Texas.
 
 
 The two ten-year contracts were awarded to GEO under a long-standing 
 procurement commonly referred to as Criminal Alien Requirement (CAR) 16, 
 which was issued by the BOP in 2015. The contracts are expected to 
 generate total combined revenues of approximately $664 million over 
 their full ten-year terms, and their expected financial contribution in 
 2017 is in-line with the assumptions which were included in GEO's most 
 recently issued financial guidance.
 
 
 "We are very appreciative of the continued confidence placed in our 
 company by the Federal Bureau of Prisons," said George C. Zoley, GEO's 
 Chairman and Chief Executive Officer.
 
 
 GEO has had a long standing public-private partnership with the BOP that 
 dates back to the 1990s. GEO's facilities are highly rated and provide 
 high-quality services in safe, secure, and humane residential 
 environments.
 
 
 "We're pleased to have been able to strengthen our long-standing 
 partnership with the BOP with these important contract awards. Our Big 
 Spring and Flight Line Facilities will play an important role in helping 
 the agency meet its long-term need for high quality, cost-effective 
 services that comply with the BOP's mandated standards," added Mr. Zoley.
 
 
 About The GEO Group, Inc.
 
 
 The GEO Group, Inc. GEO is the first fully integrated equity 
 real estate investment trust specializing in the design, financing, 
 development, and operation of correctional, detention, and community 
 reentry facilities around the globe. GEO is the world&#39;s leading provider 
 of diversified correctional, detention, community reentry, and 
 electronic monitoring services to government agencies worldwide with 
 operations in the United States, Australia, South Africa, and the United 
 Kingdom. GEO&#39;s worldwide operations include the ownership and/or 
 management of 143 facilities totaling approximately 100,000 beds, 
 including projects under development, with a growing workforce of 
 approximately 23,500 professionals.
 
 
 Forward-Looking Statements
 
 
 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. 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 declare future quarterly cash 
 dividends and the timing and amount of such future cash dividends; (2) 
 GEO's ability to successfully pursue further growth and continue to 
 create shareholder value; (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; (8) GEO's ability to access the 
 capital markets in the future on satisfactory terms or at all; (9) GEO's 
 ability to remain qualified as a REIT; (10) the incurrence of REIT 
 related expenses; and (11) other factors contained in GEO's Securities 
 and Exchange Commission periodic filings, including its Form 10-K, 10-Q 
 and 8-K reports.
 
 
 
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