The Art of Vulture Investing: Adventures in Distressed Securities Management

APPENDIX 2

Copy of Continued Objection by Ad Hoc Committee of Washington Group Class 7 Claim Holders

Jeffrey L. Jonas, Esq. BROWN RUDNICK BERLACK ISRAELS LLP One Financial Center Boston, Massachusetts 02111 Telephone: [phone] Facsimile: [phone] Leslie H. Scharf, Esq. BROWN RUDNICK BERLACK ISRAELS LLP 7 Times Square New York, New York 10036 Telephone: [phone] Facsimile: [phone]

Brett A. Axelrod, Esq. (Nevada Bar No. 5859) Electronically Filed: BECKLEY SINGLETON, CHTD. December 21, 2005 530 Las Vegas Boulevard South Las Vegas, NV 89101 Telephone: [phone] Facsimile: [phone] -and- 1875 Plumas Street, Suite 1 Reno, NV 89509 Telephone: [phone] Facsimile: [phone]

ATTORNEYS FOR THE AD HOC COMMITTEE OF WASHINGTON GROUP INTERNATIONAL, INC., CLASS 7 CLAIM HOLDERS IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF NEVADA

In re

Chapter 11

WASHINGTON GROUP INTERNATIONAL, INC., et al., Reorganized Debtors

Jointly Administered Under Case No. BK-N-01-31627-GWZ

CONTINUED OBJECTION TO JOINT MOTION OF THE MOTION OF THE PLAN COMMITTEE AND REORGANIZED DEBTORS FOR AN ORDER APPROVING TERM SHEET AND PROCEDURES TO LIQUIDATE REMAINING CLASS 7 WARRANT PACKAGE FOR BENEFIT OF HOLDERS OF ALLOWED CLASS 7 CLAIMS; REVISED COUNTER BID; AND CONTINUED REQUEST FOR REGISTRATION OF THE WARRANTS

Date: December 23, 2005

Time: 10:00 a.m.

Judge: Hon. Gregg ...