ShawCor Announces that its Shareholders Have Approved the Proposed Plan of Arrangement to Eliminate its Dual Class Share

  ShawCor Announces that its Shareholders Have Approved the Proposed Plan of
           Arrangement to Eliminate its Dual Class Share Structure

PR Newswire

TORONTO, March 14, 2013

(TSX: SCL.A, SCL.B)

TORONTO, March 14, 2013 /PRNewswire/ - ShawCor Ltd. (TSX: SCL.A, SCL.B)
("ShawCor" or the "Company") is pleased to announce the results of the
shareholder vote on the Company's previously announced plan of arrangement
whereby, among other things, ShawCor will eliminate its dual-class share
structure (the "Arrangement").

Shareholders overwhelmingly approved the proposed transaction. Details of  the 
voting results will be filed on SEDAR (www.sedar.com) in the near future.

ShawCor expects to apply for  a final order of  the Ontario Superior Court  of 
Justice (Commercial List) for approval of the Arrangement on Monday, March 18,
2013, and  assuming  receipt  of  court approval  and  satisfaction  of  other 
conditions of closing, ShawCor expects that  the Arrangement will close on  or 
about March 20 or 21, 2013.

ShawCor Ltd.  is  an energy  services  company specializing  in  products  and 
services for  the  pipeline  and  pipe  services  and  the  petrochemical  and 
industrial segments of the oil and gas industry. The Company operates  through 
eight divisions with over seventy manufacturing and service facilities located
around the world.

Forward Looking Information

This document includes  certain statements  that reflect the  Board's and  the 
Special Committee's  expectations  and  objectives for  the  Company's  future 
performance,   opportunities   and   growth,   which   statements   constitute 
forward-looking  information   under   applicable   securities   laws.   Such 
statements, other than statements of historical fact, are predictive in nature
or depend on future events or conditions.

Forward looking information involves known and unknown risks and uncertainties
that could cause actual results to  differ materially from those predicted  by 
the forward-looking  information.  We  caution readers  not  to  place  undue 
reliance on forward  looking information as  a number of  factors could  cause 
actual events, results and prospects to differ materially from those expressed
in or implied by the forward  looking information. In addition, there can  be 
no assurance that the proposed transaction will be completed.

The Company does not assume the obligation to revise or update forward looking
information after the date  of this document  or to revise  it to reflect  the 
occurrence of future  unanticipated events,  except as may  be required  under 
applicable securities laws.

SOURCE ShawCor Ltd.

Contact:

ShawCor Ltd.
William Buckley
President and Chief Executive Officer
Tel: (416) 744-5815
Email:bbuckley@shawcor.com
Website:www.shawcor.com
 
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