Turner Awarded Renovation Contract With Northshore School District 112, Highland Park, Illinois

Business Wire, Feb 27, 1998

NEW YORK--(BUSINESS WIRE)--Feb. 27, 1998--The Turner Corporation (AMEX:TUR), the nation's leading general builder, today announced that the Chicago business unit of its Turner Construction Company subsidiary has been awarded a construction management contract by the Northshore School District 112, Highland Park, Illinois for $50 million of renovation and additions to ten elementary and middle schools, as well as the construction of one new elementary school housing 500 students.

The architect for the project is the Chicago, Illinois based firm of Perkins & Will. Construction is scheduled to commence during the summer recess of 1998.

"The Northshore School District project is yet another example of the continued investment by the Chicago area community in education and its young people," remarked John A. DiCiurcio, vice president and general manager of the Chicago business unit. "Turner has over $100 million in K-12 education projects currently underway in Illinois in 1998."

Turner has been active in the Chicago market since the early 1920's. Several memorable projects completed include the Standard Oil Building, the United Airlines Terminal at O'Hare, and the new Chicago Symphony Center, Orchestral Hall.

The Turner Corporation, through Turner Construction Company and other construction subsidiaries, is the nation's leading builder. Turner provides a complete range of construction and program management services in all segments of the non-residential building market.

With more than sixty percent of Turner's business coming from repeat clients, the company is recognized as an industry leader in providing quality service in diverse markets. Turner, operating through 42 offices, has construction projects underway throughout the United States and abroad. During 1997, The Turner Corporation completed in excess of $3.6 billion of construction.

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CONTACT: The Turner Corporation

Charles J. Norwesh

312/341-1300