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The Shaw Group Names New Vice President of Investor Relations and Corporate Communications

BATON ROUGE, La.--(BUSINESS WIRE)--June 7, 2004--The Shaw Group Inc. (NYSE:SGR) today announced that it has named Chris D. Sammons as Vice President, Investor Relations and Corporate Communications. Mr. Sammons will be responsible for directing Shaw's comprehensive, global investor relations and corporate communications programs focused on effectively communicating the Company's corporate vision, business objectives and activities to the investment community, media and general public.

Prior to joining The Shaw Group, Mr. Sammons worked with Sterne Agee & Leach, Inc., an NYSE-member brokerage/dealer firm, as a registered representative serving institutional clients. Previously, he was Vice President, Investor Relations with Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and McMoRan Exploration Co. (NYSE:MMR). Mr. Sammons is a certified public accountant.

Robert L. Belk, Executive Vice President and Chief Financial Officer, said, "As a certified public accountant with over 10 years of investor relations experience, Chris brings significant financial and communications expertise to The Shaw Group. We are pleased to welcome Chris to the Shaw management team as we look to enhance the communication of our corporate strategies and activities to investors and other stakeholders."

The Shaw Group Inc. is a leading global provider of engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the power, process, environmental, infrastructure and emergency response markets. A Fortune 500 company, Shaw Group is headquartered in Baton Rouge, Louisiana and employs approximately 17,000 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.

    CONTACT: The Shaw Group Inc., Baton Rouge
             Robert L. Belk, 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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