Crown Castle Announces Cash Tender Offers for 9 3/8% Senior Notes, 10 3/4% Senior Notes, 7.5% Senior Notes and 7.5% Series B Senior Notes

September 10, 2004 at 9:28 AM EDT

HOUSTON, Sept. 10 /PRNewswire-FirstCall/ -- Crown Castle International Corp. (NYSE: CCI) announced today that it has commenced cash tender offers for up to $205,574,000 of its outstanding 9 3/8% Senior Notes due 2011 (CUSIP No. 228227AS3), $216,412,000 of its outstanding 10 3/4% Senior Notes due 2011 (CUSIP No. 228227AJ3), $151,445,000 of its outstanding 7.5% Senior Notes due 2013 (CUSIP No. 228227AW4), and $151,445,000 of its outstanding 7.5% Series B Senior Notes due 2013 (CUSIP No. 228227AY0) (collectively, the "Notes").

The tender offers are made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated September 10, 2004. The tender offers will expire at 5:00 p.m. (EDT) on October 8, 2004, unless extended or terminated (the "Expiration Date"). Tenders of the Notes may be withdrawn at any time prior to the Expiration Date.

Under the terms of the tender offers for the Notes, the consideration for each $1,000 principal amount will be equal to 100% of the principal amount of the Notes tendered (subject to prorationing), payable in cash, plus accrued and unpaid interest thereon to, but not including, the payment date, payable on the payment date. The closing of each tender offer is conditioned upon the satisfaction of certain conditions described in the Offer to Purchase.

The Company is making the tender offers in order to satisfy the provisions of each Indenture under which the Notes were issued arising from the sale on August 31, 2004 of its principal UK subsidiary, Crown Castle UK Holdings Limited. The Indentures require the Company to apply the net proceeds of certain asset sales to reduce certain indebtedness, to reinvest in its business or to offer to purchase the Notes.

Requests for documents may be directed to MacKenzie Partners, Inc., the Information Agent, by telephone at (800) 322-2885 (toll-free) or (212) 929-5500 (collect), or in writing to MacKenzie Partners, Inc., 105 Madison Avenue, New York, NY 10016, Attention: Steven C. Balet. Questions regarding the tender offers may be directed to The Bank of New York, the Depositary, at (212) 815-5920, or in writing to The Bank of New York, Reorganization Unit, 101 Barclay Street - 7 East, New York, New York 10286, Attention: Carolle Montreuil.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offers are being made only in reference to the Offer to Purchase and related Letter of Transmittal dated September 10, 2004.

This press release contains forward-looking statements that are based on our management's current expectations. Such statements include, but are not limited to, plans, projections and estimates regarding the terms of the tender offers relating to the Notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors which could affect our results is included in our filings with the Securities and Exchange Commission.


     Contacts:  W. Benjamin Moreland, CFO
                Jay Brown, Treasurer
                Crown Castle International Corp.
                713-570-3000


SOURCE  Crown Castle International Corp.
    -0-                             09/10/2004
    /CONTACT:  W. Benjamin Moreland, CFO or Jay Brown, Treasurer, both of
Crown Castle International Corp., +1-713-570-3000/
    /Web site:  http://www.crowncastle.com /
    (CCI)

CO:  Crown Castle International Corp.; MacKenzie Partners, Inc.
ST:  Texas
IN:  CPR TLS
SU:  TNM

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4779 09/10/2004 09:28 EDT http://www.prnewswire.com

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