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Shaw Announces Syngenta Maintenance Contract

BATON ROUGE, La.--(BUSINESS WIRE)--June 25, 2004--The Shaw Group Inc. (NYSE:SGR) has been awarded a contract to provide mechanical maintenance and turnaround services at Syngenta's St. Gabriel, Louisiana plant site, which specializes in the production of herbicides and pesticides used in the agriculture industry. Shaw will initially supply approximately 180 direct maintenance personnel providing a full range of maintenance services including capital maintenance and improvements, construction services, management and execution of turnarounds and outages, planning and scheduling, and specialty services including insulation, painting and scaffolding.

Fred McManus, Vice President of Shaw's Maintenance Division said, "We are extremely proud of the confidence Syngenta has shown in us by awarding this contract. We believe that our customer focus, safety performance, responsiveness, reliability and capacity centered maintenance programs are what attracted Syngenta to Shaw. We look forward to a long and mutually beneficial relationship."

Ed Mayer, Syngenta's Director of Engineering, said, "Syngenta expects that Shaw will provide the leadership necessary to achieve significant improvements in safety and productivity in the maintenance and construction activities at our St. Gabriel Plant."

Ron McCall, President of Shaw's Maintenance Division, added, "We are working hard to establish Shaw Maintenance as the industry's preferred provider of customer focused, capacity enhancement solutions. The Syngenta award is an exciting opportunity and further illustrates our aggressive growth in this industry. We look forward to working with Syngenta and to expanding Shaw's relationship with their organization going forward."

Shaw Maintenance is one of the fastest growing contract maintenance providers in the United States, serving the petrochemical, refining, fossil power, and nuclear power industries. Shaw Maintenance provides maintenance, turnaround/outage, specialty services, capital project, reliability, and engineering services for nearly 50 major customers at 135 sites around the world.

Syngenta is a world-leading agribusiness company committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection and ranks third in the high-value commercial seeds market. Sales in 2003 were approximately $6.6 billion. Syngenta employs more than 19,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and the New York Stock Exchange (SYT). Further information is available at www.syngenta.com.

The Shaw Group Inc. is a leading global provider of technology, 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, The 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 Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. 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
             Chris D. Sammons, 225-932-2546
    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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