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Shaw Group to Make Donation to American Red Cross

BATON ROUGE, La.--(BUSINESS WIRE)--Sept. 15, 2004--The Shaw Group Inc. (NYSE:SGR) today announced that it will donate to the American Red Cross a portion of its revenues from emergency services provided by Shaw in response to the two recent hurricanes that have devastated Florida. Shaw is currently involved in two major projects in Florida - assisting Florida's utility companies with the restoration of power and utilities and providing emergency roof repairs to homes and businesses under a U.S. Army Corps of Engineers' contract for the Federal Emergency Management Administration. Shaw will make the donation in response to the Red Cross's recent call for contributions. The relief organization's emergency funds have been severely depleted as a result of relief efforts following Hurricanes Charley and Frances.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "As a lifelong resident of Louisiana, and with over 400 of our employees in six offices in Florida, this situation certainly hits home. I know firsthand the devastating effects of a strong hurricane and how important a competent quick response can be. We are honored to be a part of the emergency response efforts in Florida and proud of our ability to mobilize quickly. Shaw is also pleased to be able to "give back" a portion of its revenues on these projects in the form of a donation to the Red Cross which provides critical assistance in times of need."

Shaw's work in Florida is being performed through two of its subsidiaries, Shaw Environmental & Infrastructure, Inc (Shaw E&I;) and Shaw Energy Delivery Services, Inc. (Shaw EDS). 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. Shaw has six offices and approximately 400 employees in Florida.

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
             www.shawgrp.com
    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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