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The Shaw Group's Jack Tuohy Named a Fellow Of ASME

BATON ROUGE, La.--(BUSINESS WIRE)--March 17, 2004--John M. (Jack) Tuohy, Jr., vice president and director of Nuclear Design Services for Shaw Environmental & Infrastructure (Shaw E&I;), a subsidiary of The Shaw Group Inc. (NYSE:SGR), has been named a Fellow of ASME (American Society of Mechanical Engineers). The Fellow Grade recognizes significant engineering achievements and contributions to the engineering profession.

Mr. Tuohy joined Shaw E&I; in July 2003 and is currently leading the Company's pursuit of several strategic Department of Energy project acquisitions. "Jack's expertise, professionalism and vision have contributed significantly to Shaw's leadership role in the revitalization of the government nuclear engineering and design marketplace," said Tim Barfield, President and COO of The Shaw Group Inc. "Jack's contributions to the nuclear industry span more than three decades and we are pleased that he has been recognized by his peers with such a distinguished honor."

Mr. Tuohy previously held positions at Burns and Roe, a privately owned A/E company, which focuses on the power industry, and at IDM, a demolition company. He also taught at Manhattan College and Stevens Institute of Technology. Additionally, for more than 25 years, Mr. Tuohy volunteered in his hometown of Park Ridge, N.J., where he served as a Public Utility Commissioner, running the town's electric and water company.

Mr. Tuohy recently served on the prestigious DOE GEN IV Committee, which is seeking out the next generation of nuclear reactors.

The Shaw Group Inc. is a leading provider of consulting, engineering, construction, remediation, and facilities management services to government and private sector clients in the environmental, infrastructure, and homeland security markets. Shaw is also a vertically integrated provider of comprehensive engineering, consulting, procurement, pipe fabrication, construction, and maintenance services to the power and process industries worldwide. 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.

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 website 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 website at www.shawgrp.com.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4596306

    CONTACT: Public Relations Consultant for The Shaw Group Inc.
             Kristi Ledford, 770-704-5439
             [email protected]
    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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