Michael Baker to Explore Alternatives

Michael Baker Corporation

announced today that its Board of Directors has appointed a committee composed of independent directors to review the Company's strategic alternatives. The Board has not placed any limitations on the Committee's review and has not made any decision to review, or not review, any possible alternatives at this time. There necessarily can be no assurance that the Company will pursue any particular course of action. The Committee will be advised by Houlihan Lokey and Jones Day as to financial and legal matters.