Granite Named to Ethisphere’s “World’s Most Ethical Companies” List for Fourth Consecutive Year

  Granite Named to Ethisphere’s “World’s Most Ethical Companies” List for
  Fourth Consecutive Year

Business Wire

WATSONVILLE, Calif. -- March 6, 2013

Granite Construction Incorporated (NYSE: GVA) announced today that it has once
again been recognized by the Ethisphere Institute as one of the 2013 World’s
Most Ethical Companies (“WME”). The 2013 WME companies are those that embrace
ethical business practice and demonstrate industry leadership.

“Not only did more companies apply for the World's Most Ethical Companies
recognition this year than any year in the past, which demonstrates that
ethical activity is an important part of many of these companies' business
models, but we are also seeing more companies be proactive and create new
initiatives that expand ethics programs and cultures across entire industries,
such as industry-based ethics associations and other activities,” said Alex
Brigham, Executive Director of Ethisphere. “We are excited to see the 2013
World's Most Ethical Companies take these leadership positions, and embrace
the correlation between ethical behavior and improved financial performance.”

A record number of nominations and applications this year is evidence of both
the World's Most Ethical Companies' growing recognition by various stakeholder
groups and companies’ desire to be recognized for their integrity standards
and ethical cultures. The 2013 list is the largest list since the award’s
inception in 2007.

“This recognition is a tremendous honor,” said James H. Roberts, president and
chief executive officer of Granite Construction Incorporated. “We are grateful
for our 90-year history and are committed to leading our industry for another
90 years. How we ethically operate our business and treat others—our
customers, suppliers, communities, co-workers and shareholders—is integral to
our continued success.”

Through in-depth research and a multi-step analysis, Ethisphere reviewed
nominations from companies in more than 100 countries and 36 industries. The
methodology for the World’s Most Ethical Companies includes reviewing codes of
ethics, litigation and regulatory infraction histories; evaluating the
investment in innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying nominations
from senior executives, industry peers, suppliers and customers.

Read about the methodology and view the complete list of the 2013 World’s Most
Ethical Companies at http://ethisphere.com/wme. The World’s Most Ethical
Companies list will also be featured in the 2013 Quarter 1 issue of Ethisphere
Magazine.

About Granite

Granite Construction Incorporated (GVA:NYSE) has been serving the
infrastructure needs of America for over 90 years. Granite serves the
heavy-civil, transportation, federal government, power, underground, mining
and pavement preservation markets through its network of wholly-owned
subsidiaries. In addition to being one of the country’s leading diversified
infrastructure contractors, Granite owns or leases over 800 million tons of
aggregate reserves in the West and is proud to have one of the oldest and most
robust ethics and compliance programs in the industry. In 2012, Granite had
revenues of $2.1 billion and employed approximately 7,500 people. For more
information please visit www.graniteconstruction.com.

About Ethisphere Institute:

The research-based Ethisphere® Institute is a leading international think-tank
dedicated to the creation, advancement and sharing of best practices in
business ethics, corporate social responsibility, anti-corruption and
sustainability. Ethisphere Magazine, which publishes the globally recognized
World’s Most Ethical Companies Ranking™, is the quarterly publication of the
Institute. Ethisphere provides the only third-party verifications of
compliance programs and ethical cultures that include: Ethics Inside®
Certification, Compliance Leader Verification™ and Anti-Corruption Program
Verification. More information on the Ethisphere Institute, including ranking
projects and membership, can be found at http://www.ethisphere.com.

Contact:

Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
VP, Investor Relations and Communications
Jacque.Fourchy@gcinc.com
or
Ethisphere
Aubrie Artiano
Managing Editor
aartiano@ethisphere.com
 
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