Washington Group International Stockholders Approve Merger with URS Corporation


BOISE, Idaho, Nov. 15 - Washington Group International (NYSE:WNG) announces that, at a special meeting of stockholders held earlier today, its stockholders adopted and approved Washington Group's amended merger agreement with URS Corporation (NYSE:URS), providing for the acquisition of Washington Group by URS. The merger is expected to close later today.

Under the terms of the amended merger agreement, Washington Group stockholders can elect to receive cash, stock, or cash and stock for their shares (subject to proration), with a consideration value of 0.90 shares of URS common stock plus $43.80 in cash for each Washington Group share. Election forms were previously distributed to Washington Group stockholders and must be received by the exchange agent no later than 5 p.m. Eastern Time on the day that is three business days after the date the merger is declared effective. If the merger is declared effective today as currently anticipated, the election forms will be due at 5 p.m. Eastern Time on Tuesday, November 20, 2007. The consideration to be paid to stockholders that elect to receive all cash or all stock, and any prorationing, will be determined based on the volume-weighted average price of URS common stock during the five trading days ending on November 14, 2007, the day before Washington Group's stockholder vote. The volume-weighted average price of URS common stock during this five-trading day period was $57.0184.

Washington Group International (NYSE:WNG) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise, Idaho, with approximately $4 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation, and water resources.

For more information, visit http://www.wgint.com/.

Source: Washington Group International

CONTACT: media, Laurie Spiegelberg, Vice President of Corporate Communications of Washington Group International, +1-208-386-5255;

or Adam Weiner of Kekst and Company, +1-212-521-4800, for Washington Group International;

or investors, George Juetten, Executive Vice President and Chief Financial Officer of Washington Group International, +1-208-386-5698;

or Dan Burch or Larry Dennedy, both of MacKenzie Partners, Inc., +1-212-929-5239, for Washington Group International

Web site: http://www.wgint.com/

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