Jacobs Joint Venture Wins Contract for First Intercity Bus/Metro Station in West Africa

10/25/2016

Company expands presence with new operation in Republic of Côte d'Ivoire

DALLAS--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that Jacobs Engineering SA (JESA), the company's joint venture with OCP S.A. (OCP), was awarded a contract to provide project management consultancy (PMC) services to the African Society of Investments and Infrastructure (SA2I) for the Intercity Bus/Metro Station in Abidjan in the Republic of Côte d'Ivoire.

JESA is providing PMC services for a capital expenditure of approximately $80 million.

Located on a 25-hectare site, the new station, the Gare Routiere d’Abidjan, is expected to have a capacity of 25 million passengers a year and is the first in the country.

In making the announcement, Jacobs President Buildings and Infrastructure Bob Pragada stated, “Abidjan is the Côte d'Ivoire’s main hub for international bus lines, and this new metro project is expected to make a significant contribution to the modernization of the road transport system and improved customer experience. We look forward to leveraging our wide-ranging transportation experience to help deliver this important infrastructure program.”

In addition to the new project and as part of future growth plans, JESA is expanding its presence in the region with a new office in Abidjan, expected to be opened by the end of 2016.

JESA is equally owned by OCP and Jacobs. It provides services to industrial projects in Morocco and internationally.

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 50,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.

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 2015 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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Robin Shermer, 817-735-6284

Statements 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 2009 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 caution readers that we do not undertake to update any forward-looking.