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Shaw Announces Hiring of Major General Ansel M. Stroud, Jr. as a Homeland Security Advisor
BATON ROUGE, La., Oct 14, 2002 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:SGR) ("Shaw" or "the Company") is pleased to announce that the retired Major General Ansel M. Stroud, Jr. has been retained as an advisor to Shaw Environmental & Infrastructure, Inc. ("Shaw E & I"). In this role, Major General Stroud will provide expert advice and counsel on state and federal government business development relating to the homeland security initiative.

Tim Barfield, President of Shaw E & I, stated, "Major General Stroud is a highly respected advisor with proven homeland defense expertise. With over 50 years of distinguished service to this country, he will be a valuable asset to Shaw as it moves forward as a top provider of homeland security solutions."

Major General Stroud served in the United States military for over fifty years, serving as Adjutant General of Louisiana for over 17 years before retiring in November of 1997. As Adjutant General, he was responsible for the deployment and coordination of programs, policies and plans affecting more than 14,000 members of the Louisiana Army and Air National Guard. Noteworthy of his tenure as Adjutant General, was the performance of the Louisiana National Guard units during Desert Storm, when 6,400 Army Guardsmen from Louisiana were mobilized, more than from any other state. Federally, General Stroud was selected to direct a Department of the Army study on full-time training and administration for the Guard and Reserve. The study, known as the "Stroud Study", was accepted by the Department of the Army as a guideline for requirements of the National Guard and Army Reserve for full-time manning programs.

General Stroud was appointed as the Director of the Louisiana Office of Emergency Preparedness ("LOEP") in 1989. In 1991, the Guard and the LOEP were recognized for their performance after Hurricane Andrew. General Stroud has also served as a member of the Federal Emergency Management Agency's Advisory Board ("FEMA") representing the National Guard Association of the United States and as the Chairman of the Board of Commissioners for the Orleans Parish Communication District. General Stroud is a Past President of the Adjutants General Association of the United States, a Past President of the National Guard Association of the United States and a Trustee of the Association of the United States Army.

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 www.shawgrp.com.

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 www.shawgrp.com.

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine N. 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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