ShawCor Declares Quarterly Dividend

(TSX: SCL)

TORONTO, May 16, 2013 /PRNewswire/ - The Board of Directors today declared a dividend of twelve and one half cents (12.5 cents) per share on the outstanding common shares of the Corporation payable on the 31^st day of May 2013, to shareholders of record at the close of business on the 24^th day of May 2013.

For Canadian resident shareholders, these dividends are designated as "eligible dividends" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

Please visit our website at www.shawcor.com for further details.

SOURCE ShawCor Ltd.