Jacobs Receives Contract for New Intesa Sanpaolo Head Office Building in Turin, Italy

PASADENA, Calif., June 3 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Intesa Sanpaolo S.p.A. to provide project and construction management services for a new head office building in Turin, Italy. The Intesa Sanpaolo banking group, which was formed by the merger between Banca Intesa and Sanpaolo IMI, has clear leadership in the Italian market and a strong international presence.

Officials did not disclose the contract value, yet noted the project investment value is approximately 300 million Euros.

The new building, designed by world-famous architect Renzo Piano, will be 167 meters high and comprise 37 floors aboveground and 6 levels underground. A 350-seat auditorium will be hung four stories above ground level. The building is designed to accommodate about 2,500 employees and provide large public spaces at both the top and street levels.

Jacobs is currently providing project management and design validation from its Milan office, and will then provide assistance to the Bank for subcontracting, construction management services, and supervision of final and acceptance testing.

A specific area of focus during design and construction is environmental sustainability. This will be achieved through low power consumption, use of renewable energies, green architecture, building automation, and other modern design approaches.

The new building will be the tallest in Turin and one of the tallest buildings in Italy. It will characterize Turin as a rapidly evolving modern town and represent one of the most impressive structures in Europe. Intesa Sanpaolo noted, "The project will contribute towards the Group's targets of excellence through competence, effectiveness, and work quality."

In making the announcement, Jacobs Group Vice President Robert Matha said, "We are proud to be selected by Intesa Sanpaolo, which has an expanding role in the international market, to support their investment in this prestigious and challenging project."

Jacobs, with over 55,000 employees and revenues exceeding $9.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2007 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:

Mary Bloom

626.578.6992

SOURCE Jacobs Engineering Group Inc.



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