ShawCor Declares Quarterly Dividend

                     ShawCor Declares Quarterly Dividend

PR Newswire

TORONTO, Feb. 28, 2013

(TSX: SCL.A, SCL.B)

TORONTO, Feb. 28, 2013 /PRNewswire/ - 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 28^th day of March 2013, to
shareholders of record at the close of business on the 13^th day of March
2013.

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, March 1st, 2013, at 10:00 AM EST, which will discuss the  Company's 
fourth quarter 2012 financial results.

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

SOURCE ShawCor Ltd.

Contact:

Gary S. Love
Vice President, Finance and CFO
Telephone:416.744.5818
e-mail:glove@shawcor.com
website:www.shawcor.com
 
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