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AECOM announces initial $150 million accelerated share repurchase agreement

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AECOM (NYSE:ACM), a premier, fully integrated global infrastructure
firm, today announced it has entered into an accelerated share
repurchase agreement with JPMorgan Chase Bank, National Association
(JPMorgan) to repurchase $150 million of its common stock. This
transaction will enable the Company to reduce its outstanding share
count shortly after execution of the agreement, and reflects the initial
repurchase under its previously-announced $1 billion authorization by
the Board of Directors last September.

"We are executing share repurchases as a result of the existing momentum
underpinning our business and our confidence in its long-term
trajectory," said Michael S. Burke, AECOM's chairman and chief executive
officer. "Our strong business fundamentals create a compelling
opportunity to redirect cash flow to repurchases, as part of our
commitment to driving substantial value for AECOM and our shareholders."

Under the accelerated share repurchase agreement, AECOM will provide
$150 million to JPMorgan and will receive a substantial percentage of
the repurchased shares upfront while the final share amount will be
determined based upon the average of the daily volume weighted average
prices of AECOM's common stock over the term of the agreement. AECOM
expects the accelerated share repurchase agreement to be completed in
the first quarter of fiscal year 2019. At settlement, AECOM may be
entitled to receive additional shares of common stock from JPMorgan or,
under certain circumstances, may be required to issue additional shares
or make a cash payment to JPMorgan at AECOM's option.

About AECOM

AECOM (NYSE:ACM) is built to deliver a better world. We design, build,
finance and operate infrastructure assets for governments, businesses
and organizations in more than 150 countries. As a fully integrated
firm, we connect knowledge and experience across our global network of
experts to help clients solve their most complex challenges. From
high-performance buildings and infrastructure, to resilient communities
and environments, to stable and secure nations, our work is
transformative, differentiated and vital. A Fortune 500 firm,
AECOM had revenue of approximately $18.2 billion during fiscal year
2017. See how we deliver what others can only imagine at aecom.com and
@AECOM.

Forward-Looking Statements

All statements in this press release other than statements of
historical fact are "forward-looking statements" for purposes of federal
and state securities laws, including the impact of the accelerated share
repurchase agreement, the number of common stock shares acquired under
the accelerated share repurchase agreement, the future expectations of
the business and its impact on shareholder value, as well as other
future business conditions.
Actual results could differ
materially from those projected or assumed in any of our forward-looking
statements. Important risk factors that could cause actual results to
differ materially from our forward-looking statements are set forth in
AECOM's periodic report on Form 10-Q for the quarter ended June 30,
2018, and other reports filed with the U.S. Securities and Exchange
Commission. AECOM does not intend, and undertakes no obligation, to
update any forward-looking statements.

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