Dobson Communications Announces Pricing of Senior Notes Offering

Oklahoma City, Oklahoma, UNITED STATES

OKLAHOMA CITY, June 16, 2000 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) announced that yesterday it priced a private placement of $300 million principal amount of 10 7/8% Senior Notes due 2010. At closing, Senior Notes will be issued at a price of $992.45 per Senior Note.

The transaction is expected to result in net proceeds to the Company of approximately $290.3 million, which the Company intends to use to pay down bank debt and for working capital and other general corporate purposes.

Closing of the transaction is scheduled for June 22, 2000, subject to satisfaction of customary closing conditions.

These securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Statements in this press release that contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 include, but are not limited to, statements regarding the timing of and conditions to closing and the amount and use of proceeds. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. A discussion of the risks factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undo reliance on forward-looking statements.


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