Granite Construction Completes Superior Acquisition

WATSONVILLE, Calif., April 3 /PRNewswire-FirstCall/ -- GraniteConstruction Incorporated (NYSE: GVA) announced today the completion of itsacquisition of certain assets of The Superior Group of Companies, a PacificNorthwest-based construction materials producer and asphalt paving company.The acquisition closed consistent with the details provided in the Company’sMarch 27, 2007 news release, and is the latest step in the Company’sgeographic expansion strategy.

About Granite

Granite, a member of the S&P 400 Midcap Index, the Domini 400 Social Indexand the Russell 2000, is one of the nation’s largest diversified heavy civilcontractors and construction materials producers. Granite Construction servespublic and private sector clients through its offices nationwide. For the 4thstraight year, Granite was named to FORTUNE’S List of 100 Best Companies toWork For. For more information about the company, please visit their websiteat www.graniteconstruction.com.

This press release contains forward-looking statements, within the meaningof Section 27A of the Securities Act of 1933, as amended, and Section 21E ofthe Securities Exchange Act of 1934, as amended, which represents ourmanagement’s beliefs and assumptions concerning future events such asstatements related to the existence of bidding opportunities and economicconditions on the Company’s future results. Additionally, forward-lookingstatements include statements that can be identified by the use of forward-looking terminology such as "believes," "expects," "appears," "may," "will,""should," "look for," or "anticipates," or the negative thereof or comparableterminology, or by discussions of strategy.

SOURCE Granite Construction Incorporated