PRESS RELEASE: URS Acquisition Offer Recommended -2-

28th Jun 2010 07:05

and renew contracts and projects; liquidated damages; our dependence on partners, subcontractors and suppliers; customer payment defaults; our ability to recover on claims; impact of target and fixed priced contract on earnings; the inherent dangers at our project sites; impairment of our goodwill; the impact of changes in laws and regulations; nuclear indemnifications and insurance; a decline in defense spending; industry competition; our ability to attract and retain key individuals; retirement plan obligations; our leveraged position and the ability to service our debt; restrictive covenants in our credit agreement; risks associated with international operations; business activities in high security risk countries; third-party software risks; natural and man-made disaster risks; our relationships with labor unions; our ability to protect our intellectual property rights; anti-takeover risks and other factors discussed more fully in our Form 10-Q for the period ended April 2, 2010 as well as in other reports subsequently filed from time to time with the United States Securities and Exchange Commission. The forward-looking statements represent our current expectations and intentions as of the date on which made and we assume no obligation to revise or update any forward-looking statements. Important Merger Information The transaction is proposed to be made by means of Scheme of Arrangement under the U.K. City Code on Takeovers and Mergers ("the Code"). The Scheme is not subject to the tender offer or proxy rules under the United States Securities Exchange Act of 1934, as amended. Accordingly, the Scheme is subject to the disclosure requirements, rules and practices applicable to schemes of under the Code, which differ from the requirements of the United States tender offer and proxy rules. This communication does not constitute an offer or invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction. The full terms and conditions of the transaction (including the Scheme) will be set out in a separate document that will include (among other things) the full terms of the Scheme (the Scheme Document). Shareholders of Scott Wilson are advised to read carefully and in its entirety the Scheme Document in relation to the transaction, once it has been issued, before making any decision with respect to the transaction. 1 USD figures based on an exchange rate of 1.50 GBP per 1 USD. CONTACT: URS Corporation Sam Ramraj, 415-774-2700 Vice President, Investor Relations or Sard Verbinnen & Co Hugh Burns/Briana Kelly/Meghan Stafford 212-687-8080 or Citigate Dewe Rogerson, London Patrick Donovan/Grant Ringshaw/Toby Mountford +44 (0) 207 638 9571 or Scott Wilson Group plc. Hugh Blackwood, + 44 (0) 207 798 5187 Group Chief Executive or Sean Cummins, + 44 (0) 207 798 5245 Group Finance Director or Financial Dynamics Charles Armitstead, + 44 (0) 207 269 7275 SOURCE: URS Corporation Copyright Business Wire 2010 Order free Annual Report for Scott Wilson Group Plc Visit http://djnweurope.ar.wilink.com/?ticker=GB00B0WM2V87 or call +44 (0)208 391 6028 (END) Dow Jones Newswires June 28, 2010 02:05 ET (06:05 GMT)