Market Overview

Jacobs Announces Sale of Its Interest in Neste Jacobs Oy


Engineering Group Inc.
(NYSE:JEC) announced that Jacobs has sold its
40% interest in Neste Jacobs Oy to the Neste Corporation. The purchase
price has not been disclosed. After this transaction, Neste holds all
shares in Neste Jacobs Oy.

The sale of Jacobs' interest in Neste Jacobs Oy aligns with the
company's strategy outlined last year to grow profitably by executing a
balance of organic growth, acquisitions and active portfolio management
that positions Jacobs in the most attractive end markets and geographies.

Jacobs is one of the world's largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit

Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management's current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from 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 Form 10-K for the year
ended September 30, 2016, 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 do not undertake to update any forward-looking
statements made herein.

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