ShawCor declares quarterly dividend

    (TSX: SCL.A, SCL.B)

    TORONTO, Feb. 19 /CNW/ - The Board of Directors today declared a dividend
of six and five hundred - one thousandths cents (6.500 cents) per Class A
Subordinate Voting Share and five and nine hundred and nine - one thousandths
of a cent (5.909 cents) per Class B Multiple Voting Share payable on the 31st
day of March 2009, to shareholders of record at the close of business on the
19th day of March 2009.
    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.
    ShawCor will be hosting a Shareholder and Analyst Conference Call and
Webcast on Monday February 23rd, at 10:00 AM ET, which will discuss the
company's fourth quarter 2008 financial results.
    Please visit our website at for further details.

For further information:

For further information: Gary S. Love, Vice President, Finance and CFO,
Telephone: (416) 744-5818, e-mail:, website:

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