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The Shaw Group Inc. Announces 2004 First Quarter Earnings Conference Call Webcast

BATON ROUGE, La.--(BUSINESS WIRE)--Jan. 9, 2004--The Shaw Group Inc. (NYSE:SGR) today announced that the conference call to discuss the Company's 2004 first quarter financial results is scheduled for Wednesday, January 14, 2004 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 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 Wednesday, January 21, 2004 or by dialing 800.633.8284. The reservation number to access the call-in playback is 21181243.

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 14,800 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

    CONTACT: Shaw Group Inc.
             Laurie LaChiusa, 225-932-2500
    SOURCE: 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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