X0306 4 2012-09-18 1 0001090425 LAMAR ADVERTISING CO/NEW LAMR 0001358706 ABRAMS CAPITAL MANAGEMENT, L.P. 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 0 0 1 0 0001292250 Abrams David C 222 BERKELEY STREET 22ND FLOOR BOSTON MA 02116 0 0 1 0 0001165407 ABRAMS CAPITAL MANAGEMENT, LLC 222 BERKELEY STREET, 22ND FLOOR BOSTON MA 02116 0 0 1 0 Class A Common Stock, par value $0.001 per share 2012-09-18 4 S 0 79760 33.5823 D 7983536 I See Footnotes Class A Common Stock, par value $0.001 per share 2012-09-18 4 S 0 331567 33.4713 D 7651969 I See Footnotes These securities are held by investment funds, the general partner and/or investment adviser of which is directly or indirectly controlled by David C. Abrams. In such capacity, Mr. Abrams may be deemed to beneficially own the reported securities. These securities are held by investment funds for which Abrams Capital Management, L.P. (the "LP") serves as investment adviser. Abrams Capital Management, LLC (the "LLC") serves as the general partner of the LP. In their respective capacities, each of the LP and the LLC may be deemed to beneficially own the reported securities. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. /s/ Abrams Capital Management, L.P., by Abrams Capital Management, LLC, the General Partner, by David C. Abrams, Managing Member 2012-09-20 /s/ Abrams Capital Management, LLC, by David C. Abrams, Managing Member 2012-09-20 /s/ David C. Abrams 2012-09-20