THE SHAW GROUP

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The Shaw Group Inc. Announces 2003 Fiscal Year-End Earnings Conference Call Webcast

BATON ROUGE, La.--(BUSINESS WIRE)--Oct. 13, 2003--The Shaw Group Inc. (NYSE: SGR) today announced that the conference call to discuss the Company's 2003 fiscal year-end financial results is scheduled for Thursday, October 16, 2003 at 8:00 AM Central Time (9:00 AM Eastern 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. A press release announcing the results will be issued that morning in advance of the call.

A replay of the conference call may be accessed via Shaw's website through Friday, October 24, 2003 or by dialing 800.633.8284. The reservation number to access the call-in playback is 21163162.

The Shaw Group Inc. is a leading global provider of engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for the power, process, environmental, infrastructure and homeland defense markets. The Company is headquartered in Baton Rouge, Louisiana and employs approximately 15,000 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 the Company's website at www.shawgrp.com.

    CONTACT: The Shaw Group Inc., Baton Rouge
             Laurie LaChiusa, 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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