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The Shaw Group Inc. Announces Conference Call Webcast

BATON ROUGE, La.--(BUSINESS WIRE)--April 8, 2003--The Shaw Group Inc. (NYSE:SGR) ("Shaw" or "the Company") today announced that it will host a conference call to discuss the Company's second quarter fiscal 2003 financial results. The call will be held on Monday, April 14, 2003 and will begin at 8:00 a.m. Central time.

A live webcast of the conference call will be available on the Investor Relations page of The Shaw Group's web site at www.shawgrp.com.

An audio replay of the call will be available through Monday, April 21, 2003 and may be accessed by dialing 402/977-9140 or 800/633-8284. The reservation number to access the playback is 21140144.

The Shaw Group Inc. offers a broad range of services to clients in the environmental and infrastructure, power and process industries worldwide. The Company is a leading provider of consulting, engineering, construction, remediation and facilities management services to the environmental, infrastructure and homeland security markets. The Company is also a vertically-integrated provider of comprehensive engineering, consulting, procurement, pipe fabrication, construction and maintenance services to the power and process industries. The Company is headquartered in Baton Rouge, Louisiana with offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region and employs approximately 17,000 people. For more information please visit our website at www.shawgrp.com.

    CONTACT: The Shaw Group Inc.
             Corporate Communications, 225/932-2500
    SOURCE: The Shaw Group Inc. 
"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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