Neste Jacobs Receives Long-Term Agreement from Abu Dhabi National Chemicals Company (ChemaWEyaat)

PASADENA, Calif., May 19 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that Neste Jacobs Oy of Kilpilahti, Finland, has received a framework agreement from Abu Dhabi National Chemicals Co. (ChemaWEyaat) to provide front-end engineering and design services at the ChemaWEyaat Industrial City (Madeenat ChemaWEyaat) in the Khalifa Port Industrial Zone, Abu Dhabi. Jacobs holds a 40 percent interest in Neste Jacobs Oy.

The duration of the agreement and contract value were not disclosed.

Established in 2008, ChemaWEyaat is a holding company structured to develop Madeenat ChemaWEyaat. The first of several planned chemicals complexes to be built, Madeenat ChemaWEyaat will be the world's largest grassroots, fully integrated complex, with planned production of olefins, aromatics, oxide, and ammonia derivatives. Neste Jacobs' extensive expertise in polyolefins and aromatics will support this mega development. The work will be executed from Neste Jacobs' offices in Porvoo, Finland. This first chemicals complex is scheduled to begin operations in 2014.

Neste Jacobs has over 40 years of experience in diverse process plant projects for oil refining, gas, and petrochemical clients in Europe, the Middle East, and North America. The company also markets licenses for Neste Oil's Clean Fuel Technology and Advanced Automation Technology. Neste Jacobs and ChemaWEyaat are committed to establish a long-term partnership. They will make full use of the resources needed to provide a state-of-the-art, safe, reliable, cost-effective, maintainable, and operable facility that is delivered on schedule and meets all of the current environmental regulations.

Mr. Mohamed Al Azdi, CEO of ChemaWEyaat said, "We are very pleased to be able to consolidate our operations, and we look forward to working together with Neste Jacobs in the development of the complexes that will reside in Madeenat ChemaWEyaat."

Jacobs Group Vice President Mark Williams said, "Jacobs has been executing infrastructure projects in the region for several years. In partnership with ChemaWEyaat, we can now extend Neste Jacobs' deep experience in the chemical sector to help realize an ambitious and challenging investment."

Jacobs, with annual revenues exceeding $12 billion, is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information, contact:

Michelle Jones

626.578.6968



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