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Shaw Subsidiary Awarded Site Support Services Contract at Los Alamos National Laboratory
BATON ROUGE, La., Aug 12, 2002 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:SGR) ("Shaw" or "the Company") today announced that its subsidiary, Shaw Infrastructure, Inc., as part of a joint venture, has been awarded a site support services contract with the U.S. Department of Energy's Los Alamos National Laboratory. The joint venture, led by Kellogg, Brown and Root, Inc. and including Los Alamos Technical Associates, will function as a subcontractor to the University of California, which operates the Laboratory. Shaw's ownership in the joint venture is 37 percent. The joint venture's five-year, cost-plus contract is valued at approximately $145 million per year and contains an option for a five-year extension.

Under the contract, the joint venture will provide maintenance services for structures, systems and components in non-reactor nuclear, special use, and non-hazardous facilities. Maintenance, maintenance planning and work control, including preventive and predictive maintenance, are also included in the scope of the services provided.

"We are very pleased to be a part of the team that is supporting the people of the Los Alamos Laboratory, as this research is critical to our nation's security and future," stated Tim Barfield, Jr., President of Shaw Environmental & Infrastructure, Inc. (Shaw E & I). "The facilities management business within Shaw brings tremendous growth opportunity and this award clearly represents our progress in establishing the Company as a leader in this industry. We look forward to a long relationship with our partners and the Los Alamos community."

The Shaw Group Inc. is the world's only vertically-integrated provider of comprehensive engineering, procurement, pipe fabrication, construction and maintenance services to the power, process and environmental & infrastructure sectors. Shaw is headquartered in Baton Rouge, Louisiana, and currently has offices and operations in North America, South America, Europe, the Middle East and Asia-Pacific. Shaw employs more than 20,000 people annually. Additional information on The Shaw Group is available at

For additional information, please contact Christine N. Mollere, Vice President of Corporate Communications, at 225/932-2500.

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 Statement." 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

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine N. Mollere, 225/932-2500
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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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