Shaw Awarded Global Contingency Construction Contract by the U. S. Navy.

BATON ROUGE, La. -- The Shaw Group Inc. (NYSE: SGR) today announced the award of the Global Contingency Construction - Multiple Award Contract (GCC-MAC) to Atlantic Contingency Constructors LLC, a limited liability company formed by Shaw's Environmental & Infrastructure business unit,

AECOM Government Services, Inc., and PAE Government Services. Shaw is managing partner of the LLC. Atlantic Contingency Constructors is one of three firms being awarded the cost-plus-award-fee, indefinite delivery/indefinite quantity (ID/IQ) contract for global contingency construction and support services worldwide. The total aggregate contract amount for a base year and four option years is not to exceed $1 billion.

The work to be performed would include providing the supervision, equipment, materials, and labor necessary to provide the Navy with civilian construction services. The construction and related engineering services will primarily support aid for natural disasters, military conflict, humanitarian needs, or other similar projects. Some projects may require readiness to perform under emergency situations. General mobilization services and the capability to establish and operate facilities would also be provided in the scope of work.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "Shaw's Environmental & Infrastructure unit has established itself as a premier provider of civilian construction and other services to the Federal government and our Armed Forces. We and our ACC partners, are very pleased to have been selected for this very important U.S. Navy contract."

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $4 billion in annual revenues, Shaw employs approximately 22,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's website at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans," or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's web-site under the heading "Forward-Looking Statements". These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis visit our web site at www.shawgrp.com.