Press Release

HOUSTON - (August 18, 2016) - KBR, Inc. (NYSE: KBR) announced with pride today that KBR Board Member, General Lester L. Lyles (retired), has been included on Savoy Magazine's 2016 Most Influential Black Corporate Directors listing. General Lyles, a retired Four-Star General and 35-year veteran of the U. S. Air Force, has been a member of the KBR Board since November of 2007.

Savoy Magazine showcases African-American culture, lifestyle, and business. Its Most Influential Black Corporate Directors list recognizes African-American executives, influencers and achievers serving as leaders on the boards of public companies.

"We are extremely honored to have someone with General Lyles' record of accomplishment and history of distinguished service on our Board of Directors," said Stuart Bradie, KBR President and CEO. "It is no surprise that he would be included on a list of corporate America's most notable leaders."

"We congratulate General Lyles on this most deserved recognition," continued Bradie.

General Lyles also serves as Chairman of the Board of Directors of the United Services Automobile Association and as a director of General Dynamics Corporation. He is a member of the International Security Advisory Board at the U.S. Department of State and a member of the NASA Advisory Council. You can learn more about General Lyles here: www.kbr.com/about/our-company/board-of-directors#/tab5

At KBR, we value our people and the diversity each one brings to the team. KBR supports diversity and inclusion in the workplace and fosters those principals through an executive team committed to those values and our employees who create resource groups and networks to promote inclusion throughout the organization.

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 GVA; Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services; Government 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.
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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]