X0202 4 2008-05-13 0 0001016152 CORNELL COMPANIES INC CRN 0001430308 FrontFour Capital Group LLC 230 PARK AVENUE SUITE 714 NEW YORK NY 10169-0005 1 0 0 1 See Footnotes 1 and 2 0001333602 George Zachary 230 PARK AVENUE SUITE 714 NEW YORK NY 10169-0005 1 0 0 1 See footnotes 1 and 2 Common Stock 2008-05-13 4 P 0 1709 22.4593 A 59265 I See footnotes Common Stock 2008-05-14 4 P 0 6000 22.8983 A 65265 I See footnotes These securities are held directly by FrontFour Master Fund, Ltd. (the "Master Fund") and Distressed Securities & Special Situations-1 a series of Underlying Funds Trust (collectively with the Master Fund, the "Funds") which are advised and sub-advised, respectively, by FrontFour Capital Group, LLC (the "Adviser"). The Adviser may be deemed to be the indirect beneficial owner of the securities reported herein by reason of its position as investment adviser and sub-adviser of the Funds and may be deemed to hold a fractional pecuniary interest in such shares. Zachary R. George, member and Portfolio Manager of the Adviser, may also be deemed to be the indirect beneficial owner of such securities. Both Reporting Persons disclaim beneficial ownership of all such securities in excess of their actual pecuniary interest, if any. Zachary George also serves as a member of the board of directors of Cornell Companies, Inc. Mr. George directly owns 10,456 shares of common stock of the issuer, 4,608 of which are held in a deferred compensation plan (previously and separately reported). Mr. George also personally has vested stock options, with the right to buy not exercised (also previously and separately reported). /s/ Zachary George 2008-05-15 /s/ FrontFour Capital Group, LLC, by Zachary George as its Portfolio Manager 2008-05-15