Granite Construction Declares Quarterly Dividend

WATSONVILLE, Calif., Jan. 17 /PRNewswire-FirstCall/ -- GraniteConstruction Incorporated (NYSE: GVA) announced today that its Board ofDirectors has declared a quarterly cash dividend of $0.13 per common share.The dividend is payable April 15, 2008 for stockholders of record March 31,2008.

About Granite

Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction Company serves public and private sector clients through itsoffices and subsidiaries nationwide. For the 4th straight year, Granite wasnamed to FORTUNE’S List of 100 Best Companies to Work For. For moreinformation about Granite, please visit their website athttp://www.graniteconstruction.com.

SOURCE Granite Construction Incorporated