Jacobs Wins Strategic Supplier Relationship Contract With Exxon Mobil Corporation's Torrance Refinery

Business Wire, May 23, 2000

Business Editors

LONG BEACH, Calif.--(BUSINESS WIRE)--May 23, 2000

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received the follow-on alliance contract to perform continuing engineering services from Exxon Mobil Corporation's Torrance Refinery. The contract is part of the Torrance Refinery's Strategic Supply Relationship program.

Officials did not disclose specific terms of the contract.

In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "We have been working for the Torrance Refinery for five years, and this sole source award is a tribute to our employees and the relationship they have built."

Jacobs Engineering Group Inc. is one of the world's largest providers of professional technical services. With annual revenues exceeding $3 billion, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of project execution and operations & maintenance.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements and Other Safe Harbor Applications" included in Management's Discussion and Analysis filed as part of Exhibit 13 to the Company's 1999 Annual Report on Form 10-K.