TURNER FORECASTS CONTINUED INCREASES IN CONSTRUCTION COSTS.

NEW YORK--(BUSINESS WIRE)--April 6, 1995--The Turner Corporation (AMEX:TUR), the nations leading general builder, today announced that construction costs will see continued increases in the second quarter of 1995. According to the Turner Building Cost Index, the second quarter index will increase 0.41 percent to 490, two points above the previous quarter, and 4.0 percent higher than the second quarter of 1994. This represents a reduced rate of increase in comparison to the previous three quarters.

Regional differences in the index continue to be very significant, with some areas of the country witnessing substantially higher increases in construction costs while other areas are relatively unchanged, said Stuart Robinson, the Turner senior vice president responsible for calculating the Turner Building Cost Index.

Turner has made its quarterly forecast for more than 50 years. Used widely by the construction industry and Federal and state governments, the building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter.

The Turner Corporation, through Turner Construction Company and other construction subsidiaries, is the nations leading builder. Turner provides a complete range of construction and program management services in all segments of the non-residential building market.

With more than sixty percent of Turners business coming from repeat clients, the company is recognized as an industry leader in providing quality service in diverse markets. Turner, operating through 35 offices, has construction projects underway throughout the United States and abroad. During 1994, The Turner Corporation completed $2.6 billion of construction.

CONTACT: Christopher A. McFadden

The Turner Corporation

212-229-6145