News Release

URS Corporation Announces Pricing of Secondary Offering of Common Stock by The Carlyle Group

2003-41pc

SAN FRANCISCO, CA - URS Corporation (NYSE: URS) announced today that The Carlyle Group, through its affiliate TCG Holdings, L.L.C., has sold 7,064,033 shares of the Company’s currently outstanding common stock for gross proceeds to such stockholder before expenses of $135,982,635. Morgan Stanley, Credit Suisse First Boston, Lehman Brothers, D. A. Davidson & Co. and Morgan Joseph & Co. Inc. acted as underwriters for the offering. URS has granted the underwriters an option to purchase up to 1,059,605 shares from the Company to cover over-allotments, if any. Blum Capital Partners, L.P. declined to participate in the sale.


A copy of the prospectus supplement and prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 1585 Broadway, New York, N.Y. 10036. These documents are being filed with the Securities and Exchange Commission and will be available over the Internet at the SEC’s web site at (/www.sec.gov).A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.


URS Corporation offers a broad range of planning and design, program and construction management, systems engineering and technical assistance, and operations and maintenance services for transportation, hazardous waste, industrial processing and petrochemical, general building, water/wastewater, military facilities and equipment platforms, and security projects. Headquartered in San Francisco, the Company operates in more than 20 countries with more than 25,500 employees providing engineering services to federal, state and local governmental agencies as well as private clients in the chemical, manufacturing, pharmaceutical, forest products, mining, oil and gas, and utilities industries (www.urscorp.com).


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