WGII Washington Grp. International (MM)

New Ticker Symbol to be 'WNG' BOISE, Idaho, March 12 /PRNewswire-FirstCall/ -- Washington Group International (NASDAQ:WGII), a leading international engineering, construction, and management company, announced today that it intends to transfer its common stock listing to the New York Stock Exchange on March 27, 2007, under the symbol "WNG." Until that date, Washington Group International's shares will continue to trade on the NASDAQ Global Select Stock Market under the symbol "WGII." "We are pleased to welcome Washington Group International to our family of listed companies," said NYSE Group, Inc. Chief Executive Officer John A. Thain. "We look forward to providing Washington Group with the highest market quality, unsurpassed brand visibility, and unparalleled services that issuers have come to expect from the NYSE." "Our transfer to the New York Stock Exchange is another great milestone for our company," said Stephen G. Hanks, president and chief executive officer of Washington Group International. "We have achieved outstanding financial results including a compound annual growth rate in net income of 39 percent over the last four years and a record level of backlog. And Washington Group International is well-positioned for continued growth." In connection with the move, the company is holding an investor conference and webcast from 9 a.m. to noon Eastern Time on March 27. In addition, executives will be ringing The Closing Bell(SM) of the NYSE that day. More information about the investor conference is available on the investor relations section of http://www.wgint.com/. Washington Group International (NASDAQ:WGII) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise, Idaho, with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation and water resources. For more information, visit http://www.wgint.com/. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see "Note Regarding Forward-Looking Information" and "Item 1A. Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2006. DATASOURCE: Washington Group International CONTACT: Media, Laurie Spiegelberg, +1-208-386-5255, or Investors, Earl Ward, +1-208-386-5698, both of Washington Group International Web site: http://www.wgint.com/

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