KBR Launches IPO Road Show

KBR, the engineering, construction and services subsidiary of Halliburton (NYSE: HAL), announced today that the company has commenced the road show for its initial public offering (IPO). The lead underwriters for the offering are Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and UBS Securities LLC. KBR is offering 27,840,000 shares of its common stock and the underwriters will have an option to purchase a maximum of 4,176,000 additional shares to cover overallotments of shares. The shares are to be traded on the New York Stock Exchange under the symbol "KBR." KBR intends to use the net proceeds from this offering to repay indebtedness KBR owes to subsidiaries of Halliburton. Any remaining proceeds will be used by KBR for general business purposes. After the IPO, Halliburton will remain the majority stockholder of KBR, with approximately 83 percent of KBR's outstanding stock (or 81 percent of KBR's outstanding stock if the underwriters exercise their overallotment option in full). The Form S-1 registration statement and prospectus may be obtained from: KBRInvestor Relations4100 Clinton Dr.Houston, Texas 77020Investors@KBR.com   Copies of the prospectus may also be obtained from:   Credit Suisse Securities (USA) LLCProspectus DepartmentOne Madison AvenueNew York, NY 10010Tel: 212-325-2580   Goldman, Sachs & Co.Attention: Prospectus Department85 Broad St.New York, NY 10004Fax: 212-902-9316prospectus-ny@ny.email.gs.com   UBS Securities LLCProspectus Department299 Park AvenueNew York, NY 10171Tel: 212-821-3000 KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors. The company serves its customers with a broad range of services through two business segments, Energy and Chemicals, and Government and Infrastructure. Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and KBR. A Form S-1 registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the time the registration statement becomes effective. This document does not constitute an offer to sell or the solicitation of any offer to buy any securities of KBR, nor shall there be any sale of any such securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.