**CornellCorrections, Inc.**

**StatementRe:  Computation of Per Share Earnings**

**(inthousands except per share amounts)**

 
|                                                                                                         |   | **Three  Months Ended June 30,** |   | **Six Months  Ended June 30,** |   |
|--------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|--------------------------------|--------|
|                                                                                                         |   | **2003**                         |   | **2002**                       |   | **2003** |   | **2002** |   |
|                                                                                                         |   | **Basic**                        |   | **Diluted**                    |   | **Basic** |   | **Diluted** |   | **Basic** |   | **Diluted** |   | **Basic** |   | **Diluted** |   |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Earnings                                                                                                 |   | $                                | 2,177  |                           | $      | 2,177 |   | $ | 1,974 |   | $ | 1,974 |   | $ | 4,133 |   | $ | 4,133 |   | $ | 1,646 |   | $ | 1,646 |   |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares used in computing net earnings per share: Weighted average  common shares and ommon share equivalents |   | 14,340                           |   | 14,340                         |   | 14,121 |   | 14,121 |   | 14,290 |   | 14,291 |   | 14,091 |   | 14,091 |   |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less treasury shares                                                                                         |   | (1,486                           | )      | (1,486                         | )      | (1,117 | ) | (1,117 | ) | (1,473 | ) | (1,473 | ) | (1,113 | ) | (1,113 | ) |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of shares issuable under stock options and warrants based on  the treasury stock method               |   | —                           |   | 319                            |   | — |   | 303 |   | — |   | 237 |   | — |   | 428 |   |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                         |   | 12,854                           |   | 13,173                         |   | 13,004 |   | 13,307 |   | 12,817 |   | 13,055 |   | 12,978 |   | 13,406 |   |
|                                                                                                         |   |                             |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings per share                                                                                       |   | $                                | 0.17   |                           | $      | 0.17 |   | $ | 0.15 |   | $ | 0.15 |   | $ | 0.32 |   | $ | 0.32 |   | $ | 0.13 |   | $ | 0.12 |   |