KBR Comments on Latest Nigerian FCPA Charges

Recent press reports name KBR KBR Chairman, President and CEO William P. Utt in the latest apparent charges to be filed by the Nigerian Government. The issues related to this latest set of charges involve violations of the Foreign Corrupt Practices Act that occurred between 1994 and 2004. William P. Utt joined KBR in February 2006 and the remainder of KBR's executive team was appointed thereafter. No one on KBR's current executive team was involved in the FCPA violations. KBR in no way condones or tolerates illegal or unethical behavior. Conducting our business with the utmost integrity is at the core of the work we perform each day. The actions of the Nigerian government suggest that its officials are wildly and wrongly asserting blame in this matter. KBR will continue to vigorously defend itself and its executives if necessary, in this matter.