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Press release from CNW Group

ShawCor Declares Quarterly Dividend

Thursday, February 27, 2014

ShawCor Declares Quarterly Dividend

16:59 EST Thursday, February 27, 2014

(TSX: SCL)

TORONTO, Feb. 27, 2014 /CNW/ - The Board of Directors today declareda dividend of twelve and one half cents (12.5 cents) per share on the outstanding common shares of the Corporation payable on the 28th day of March 2014, to shareholders of record at the close of business on the 14th day of March 2014.

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.

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

SOURCE ShawCor Ltd.

For further information:

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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