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Shaw Donates $295,783 to September 11th Fund
BATON ROUGE, La., Dec 18, 2001 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE: SGR) ("Shaw" or "the Company") today announced that the Company will donate $295,783.35 to the "United Way September 11th Fund" established to provide assistance to those affected by the recent tragedy in New York, Washington D.C. and Pennsylvania.

In September, the Company announced that it would match all funds raised by Baton Rouge Area Shaw employees for the Capital Area United Way ("CAUW") 2001 Campaign, on a dollar for dollar basis and donate that amount to the September 11th Fund ("the Fund"). Shaw employees raised an impressive $276,275.35 for CAUW and this is the amount the Company will match to donate to the Fund. In addition, $19,508 was donated directly to the September 11th Fund from various Company-wide employee campaigns. Shaw and its employees were the largest contributors in the Greater Baton Rouge area.

"Through the overwhelming generosity of our employees, we were able to meet the needs of our local community as well as those tragically affected by the September 11th terrorists attacks," stated J.M. Bernhard, Jr. Chairman, President and Chief Executive Officer.

The Shaw Group Inc. is the world's only vertically integrated provider of complete piping systems and comprehensive engineering, procurement and construction services to the power generation industry. Shaw is the largest supplier of fabricated piping systems in the United States and a leading supplier worldwide, having installed piping systems in power plants with an aggregate generation capacity in excess of 200,000 megawatts. While the majority of Shaw's backlog is attributable to the power generation industry, the Company also does work in the process industries, including petrochemical, chemical and refining, and the environmental and infrastructure sector. The Company currently has offices and operations in North America, South America, Europe, the Middle East and Asia-Pacific; and has more than 13,000 employees. For more information on The Shaw Group, please visit the Company's website at www.shawgrp.com.

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine Mollere, 225/932-2500
                  www.shawgrp.com
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SHAW GROUP INC's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.


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