Central Parking Corporation Announces Regular Quarterly Dividend On Convertible Preferred Securities

    NASHVILLE, Tenn.--Dec. 5, 2002--Central Parking Corporation announced declaration of a regular quarterly dividend of $0.328125 a share on the convertible preferred securities that were issued in a private placement to qualified institutions in March 1998. The dividend has a record date of December 15, 2002, and will be distributed to security holders on January 2, 2003. The dividend is being paid through Central Parking Finance Trust, an affiliate of the Company.
    Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. The Company operates approximately 3,900 parking facilities containing approximately 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Germany, Mexico, Peru, Poland, Spain, Switzerland, Venezuela and Greece.