X0202 3 2005-11-09 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0000739708 CLEAR CHANNEL COMMUNICATIONS INC 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 0001343953 Clear Channel Holdings, Inc. 200 EAST BASSE ROAD SAN ANTONIO TX 78209 0 0 1 0 Class B Common Stock Class A Common Stock 315000000 I See footnote. Each share of Class B Common Stock of the Issuer is convertible at any time into one share of Class A Common Stock, subject to certain limited exceptions. Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, subject to certain limited exceptions. Any conversions are effected on a one-for-one basis. Clear Channel Communications, Inc. is an indirect beneficial owner of the reported securities. These shares are directly owned by Clear Channel Holdings, Inc., which is a wholly owned subsidiary of Clear Channel Communications, Inc. /s/ Herbert W. Hill, Jr., SVP/Chief Acctg. Officer of Clear Channel Communications, Inc. 2005-11-09 /s/ Herbert W. Hill, Jr., SVP/Chief Acctg. Officer of Clear Channel Holdings, Inc. 2005-11-09