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Fluor Awarded Strategic Global EPC Agreement by The Dow Chemical Company

IRVING, Texas--(BUSINESS WIRE)--Mar. 8, 2012-- Fluor Corporation (NYSE: FLR) announced today that The Dow Chemical
Company (NYSE: DOW) and Fluor have signed a Strategic Global Engineering, Procurement, Construction (EPC) and
Construction Management Agreement in support of Dow’s global capital projects program ranging across all Dow products. This
three-year agreement has a two-year extension option for up to five years and includes potential new project work spanning across
the globe. Dow currently serves customers in approximately 160 countries and in high growth sectors such as electronics, water,
energy, coatings and agriculture.

“Fluor’s culture of safety, sustainability and project execution excellence complements Dow’s beliefs and culture. In addition, our
global footprint matches well with Dow’s potential new project needs around the globe,” said Peter Oosterveer, president of Fluor’s
Energy & Chemicals Group. “Our expertise in performing projects in challenging geographies across the world is unmatched, and
we’re poised to assist Dow in meeting their new project needs aligned with their business agenda.”

This contract includes potential new projects for specialty chemical, advanced materials, agrosciences and plastics businesses in
high growth sectors such as electronics, water, energy, coatings and agriculture. Fluor is currently providing front-end loading
services for a coatings and water treatment project in Jubail, Saudi Arabia.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded
in 1912, John Simon Fluor Sr. started the company with a modest investment of $100. Since those humble beginnings, the
th
company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100
anniversary during 2012.

Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class
expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management.
Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information,
visit www.fluor100.com and www.fluor.com.

Source: Fluor Corporation

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222

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