ShawCor Ltd. Files Final Short Form Base Shelf Prospectus For Up To $500,000,000 of Securities

/NOT FOR DISSEMINATION OUTSIDE OF CANADA/

(TSX: SCL)

TORONTO, June 17, 2014 /CNW/ - ShawCor Ltd. ("ShawCor" or the "Company") (TSX: SCL) announced today that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada other than Quebec, for the offering of up to $500,000,000 of common shares, preferred shares, debt securities, warrants, subscription receipts, share purchase contracts or units (the "Securities"). The Securities may be offered from time to time during the 25-month period for which the final short form base prospectus remains valid. The specific terms of any Securities will be described in one or more shelf prospectus supplements to be filed with the applicable securities regulatory authorities.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada in which such offer, solicitation or sale would be unlawful prior to qualification under securities law of any such province or territory. The securities herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered, sold or delivered within the United States of America and its territories and possessions except in certain transactions exempt from registration requirements.

A copy of the final short form base shelf prospectus filed with securities regulatory authorities is available on SEDAR at www.sedar.com.

About ShawCor Ltd.

The Company is a global energy services company specializing in products and services for the pipeline, pipe services, petrochemical and industrial segments of the oil and gas industry and certain industrial markets. It operates through eight divisions, with manufacturing and service facilities located around the world. These divisions (or business units) operate within two principal market segments, Pipeline and Pipeline Services and Petrochemical and Industrial.

Note Regarding Forward-Looking Statements

Certain statements contained or incorporated by reference in this press release may constitute forward-looking statements under applicable securities law, such as statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "seeks" and similar expressions. There can be no assurance that the Company will proceed with any offering of Securities. Although ShawCor believes that the expectations and assumptions on which such forward-looking statements and the information are reasonable, undue reliance should not be placed on the forward looking statements and information because ShawCor can give no assurance that such statements and information will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

SOURCE ShawCor Ltd.

For further information:

ShawCor Ltd.
Gary Love
Vice President, Finance & CFO
Tel: 416-744-5818
Email: glove@shawcor.com
Website: www.shawcor.com