Press Release Dec 1, 2015

Jacobs Receives EPCM Contract for Paints Plant in India

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PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from Asian Paints Limited (APL) to provide engineering services for a greenfield paint plant in India.

Under the terms of the contract, Jacobs is providing detailed engineering and construction supervision services for the plant. The contract duration is 37 months.

When complete, the new paint plant is expected to produce 300,000 kiloliters per annum of decorative paints. The plant is a key component of APL’s expansion program in India.

In making the announcement, Jacobs Petroleum and Chemicals President Gary Mandel stated, “We are delighted to expand our relationship with APL as it continues to invest in this region. I’m confident our global experience in the Chemical industry combined with our strong local knowledge can contribute significant value to this strategically important facility."

APL is India’s largest and Asia’s third largest paints company, with 26 manufacturing plants in operation in India and around the world.

Jacobs is one of the world's largest and most diverse providers of technical professional and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2014 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 do not undertake to update any forward-looking statements made herein.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151201005083/en/

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Robin Shermer, 817-735-6284