ShawCor declares quarterly dividend

(TSX: SCL.A, SCL.B)

TORONTO, Aug. 9, 2012 /CNW/ - The Board of Directors today declared a dividend of ten cents (10.0 cents) per Class A Subordinate Voting Share and a quarterly dividend of nine and ninety one, one thousandths cents (9.091 cents) per Class B Multiple Voting Share payable on the 31^st day of August 2012, to shareholders of record at the close of business on the 20^th day of August 2012.

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 Friday, August 10^th, at 10:00 AM EDT, which will discuss the company's second quarter 2012 financial results.

Please visit our website at www.shawcor.com for further details.

SOURCE: ShawCor Ltd.