Recognition demonstrates Granite's commitment to ethical leadership

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2015 World's Most Ethical Company ®.

The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

Being a six-year honoree underscores Granite's commitment to leading ethical business standards and practices ensuring long-term value to key stakeholders including customers, employees, suppliers, regulators and investors. Granite is one of only two companies in the Construction & Building Materials category honored this year.

"We are extremely proud to be once again named as one of the World's Most Ethical Companies," said James H. Roberts, president and chief executive officer, Granite Construction Incorporated. "This recognition exemplifies the strength of Granite's team. I applaud and congratulate our employees. Our people are living the Granite Code of Conduct each and every day, and it is our continuing commitment to foster a strong culture of ethics and integrity for generations to come."

"The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Granite Construction's commitment to ethics and transparency is evidenced by their structured and resourced ethics and compliance program and engaging employee communications efforts. We congratulate everyone at Granite Construction for this extraordinary achievement."

On March 10th, Mr. Roberts will be a keynote speaker at the 2015 Global Ethics Summit in New York City where he will provide his personal insights into ethics as a differentiator, the challenges of preserving integrity and reputation during times of increasing vulnerability and the impact of leadership on a company's culture.

The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ (EQ) framework developed over years of research to provide a means to assess an organization's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.

The full list of the 2015 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated is one of the nation's largest infrastructure contractors and construction materials producers. Recognized as one of the top 25 largest construction companies in the U.S., Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in Safety, Quality, Environmental Stewardship, and Ethics and Compliance. For more information, visit www.graniteconstruction.com.

About the Ethisphere Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine and The World's Most Ethical Companies Executive Briefing. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs. More information about Ethisphere can be found at: http://ethisphere.com.

Granite Media Contact
Jacqueline Fourchy, 831-761-4741
Jacque.Fourchy@gcinc.com
or
Ethisphere Media Contact
Clea Nabozny, 480-397-2658
Clea.Nabozny@ethisphere.com

Source: Granite Construction Incorporated

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