Press Release

Trade Release

HOUSTON Ð (August 30, 2016) Ð KBR, Inc. (NYSE: KBR) today announced that Placid Refining Company LLC has successfully started up a grassroots Dividing Wall Column (DWC) reformate splitter at their Port Allen, Louisiana, USA refinery. KBR's Distill-Maxª DWC technology was selected for this application during Placid Refining Company's "Mobile Source Air Toxic (MSAT) II Reformate Splitter Project"

The reformate splitter column is designed to remove benzene from the gasoline streams and produce a benzene rich stream. KBR's application of Distill-Max technology to the reformate splitter column design delivers Placid Refining Company better energy efficiency as well as compliance with MSAT II regulations which limit the benzene content of gasoline in the USA. The Distill-Max DWC design realizes a minimum energy saving of 20% and a reduction in the column diameter when compared to the conventional 3-product column design.

KBR has provided the complete technical solution to Placid Refining Company, comprising the basic design, the supply of column trays/internals and startup support for this project since 2014. This successful application adds to KBR's expanding Distill-Max DWC portfolio.
"KBR is pleased to design and deliver a cost-effective solution that minimized capital and operating costs for the benefit of our client," said John Derbyshire, President of KBR Technology & Consulting.

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,800 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVAEngineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial ServicesGovernment Services, incorporating KBRwyle, includes capabilities that span the full spectrum of government mission requirements including research and development, testing, engineering, logistics, deployed operations, and life-cycle sustainment.

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results.

At KBR, we deliver. Visit www.kbr.com

Forward Looking Statement

The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.

KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Lynn Nazareth
Vice President, Investor Relations
713-753-5082
[email protected]

Media
Marit Babin Stout
Director, Global Communications & Government Relations
713-753-3800
[email protected]