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Shaw Awarded Contract for Emergency Roof Repairs to Homes and Buildings Damaged by Hurricane Frances

BATON ROUGE, La.--(BUSINESS WIRE)--Sept. 13, 2004--The Shaw Group Inc. (NYSE:SGR) today announced that its subsidiary, Shaw Environmental, Inc. (Shaw E & I) has been awarded a fixed-unit-price, indefinite delivery/indefinite quantity contract by the U. S. Army Corps of Engineers, Mobile District, to provide emergency temporary roof repairs to homes and buildings damaged by Hurricane Frances. Shaw personnel will be mobilized to work primarily in central Florida, where approximately 2,000 roofs per day are anticipated to be repaired. The contract provides for up to $250 million in services to be performed over the next several months. Funding for the project will be provided by the Federal Emergency Management Administration (FEMA).

Diana Severs Ferguson, President of Shaw Environmental and Infrastructure, Inc., said, "We are pleased to provide Shaw's emergency rapid response capabilities and expertise to support the areas hardest hit by Hurricane Frances. Getting roof protection on residences and businesses in a timely manner is a critical first step in creating some semblance of normalcy for the people of Florida and minimizing any additional weather damage. Shaw's unique ability to mobilize quickly is crucial to getting these citizens back in their homes and businesses very soon."

Today's announcement is in addition to work Shaw announced earlier this week, that it is providing power restoration services to the central and east coast regions of Florida in the aftermath of Hurricane Frances. Shaw Energy Delivery Services, Inc. is providing 210 linemen, 160 trucks and other equipment to support Florida Power & Light (NYSE:FPL), Progress Energy (TSX:PGX.UN) and Sumter Electric Cooperative, Inc. (SECO) in re-establishing utility services for those affected by the storm. This is the second time in less than a month that Shaw has provided emergency power restoration services in Florida. Shaw EDS had approximately 50 people still working in the Port Charlotte area, following Hurricane Charley.

Shaw E&I; is a premier provider of environmental and infrastructure project services to government and commercial customers, including engineering consulting, facilities design/construction, site remediation/restoration, waste management, facilities management and privatization, homeland security and emergency preparedness, and real estate redevelopment.

Shaw EDS provides innovative design, installation, upgrade and maintenance power transmission and distribution systems and services that improve reliability and operational efficiencies.

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 Statements". 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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