Fluor Corporation announced that it has commenced a cash tender offer to purchase (the “Offer”) the notes of 1.750% Senior Notes due 2023 (the “2023 Notes”); 3.500% Senior Notes due 2024 (the “2024 Notes”)(together, the “Notes”) for an aggregate purchase price, excluding accrued interest, of up to $400 million (as it may be increased or decreased, the “Total Maximum Amount”); provided that the Company will only accept 2024 Notes up to an aggregate purchase price of $100 million (the “2024 Notes Maximum Amount”). The Offer is being made subject to the terms and conditions set forth in the Offer to Purchase dated August 31, 2021 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used in this announcement but not defined have the meaning given to them in the Offer to Purchase. For each €1,000 principal amount of 2023 Notes or each $1,000 principal amount of 2024 Notes tendered at or prior to the Early Tender Time and accepted for purchase. The Total Consideration for the 2023 Notes shall be calculated from the Fixed Early Tender Yield, as described in the Offer to Purchase. For hypothetical purposes only, the Total Consideration in respect of the 2023 Notes will, when determined in the manner described in the Offer to Purchase on the basis of an Early Settlement Date of September 16, 2021, be €1,024.69 per €1,000 principal amount of 2023 Notes. Should the Early Settlement Date differ from September 16, 2021, the Total Consideration for the 2023 Notes will be recalculated as further described in the Offer to Purchase. For the avoidance of doubt and in accordance with market convention, the Total Consideration for the 2023 Notes will be calculated with reference to the first date on which the Company may exercise the optional redemption feature at par, being December 21, 2022 and assuming the full payment of principal on such date. The Total Consideration for each series of Notes is inclusive of the Early Tender Premium. In addition to the Tender Offer Consideration or the Total Consideration, as applicable, all Holders of Notes accepted for purchase will also receive accrued and unpaid interest on such Notes, rounded to the nearest cent per €1,000 principal amount of 2023 Notes or the nearest cent per $1,000 principal amount of 2024 Notes, from the last interest payment date up to, but not including, the Early Settlement Date or the Final Settlement Date, as applicable.