Granite Construction Declares Quarterly Dividend

WATSONVILLE, Calif., May 22 /PRNewswire-FirstCall/ -- Granite ConstructionIncorporated (NYSE: GVA) announced today that its Board of Directors hasdeclared a quarterly cash dividend of $0.10 per common share. The dividend ispayable July 13, 2007 for stockholders of record June 30, 2007.

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 serves public and private sector clients through its officesnationwide. For the 4th straight year, Granite was named to FORTUNE’S List of100 Best Companies to Work For. For more information about the company, pleasevisit their website at http://www.graniteconstruction.com.

FOR FURTHER INFORMATION CONTACT:

Jacque Underdown (831) 761-4741

SOURCE Granite Construction Incorporated