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Shaw Announces South Rim Maintenance and Warehouse Facility at Grand Canyon National Park Awarded Prestigious LEED Certification

BATON ROUGE, La.--(BUSINESS WIRE)--Oct. 27, 2004--The Shaw Group Inc. (NYSE:SGR) today announced that the South Rim Maintenance and Warehouse Facility at the Grand Canyon National Park has been awarded the prestigious Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council. The project was designed and constructed by Shaw's subsidiary, Shaw Beneco, Inc., under contract to the National Park Service (NPS). The LEED Green Building Rating System(R) certification program was initiated in 1998 by the U.S. Green Building Council (USGBC) to encourage and facilitate the design and construction of sustainable buildings.

The Grand Canyon project consisted of design and construction of five new buildings, including an office building, vehicle maintenance facility, warehouse, enclosed vehicle storage and covered storage on a fifteen-acre campus with access roads, parking, storage yard, utility corridor, and areas designated for future expansion. Design concepts focused on meeting functional needs while minimizing impacts on natural and cultural resources, and increasing operational efficiency. Renewable, recyclable, and reusable materials were used extensively in the project. The project incorporated several environmentally friendly specialty systems, including a system to use re-claimed water for sewage disposal and a natural gas re-fueling station for vehicles. Certification was achievable thanks to the collaborative efforts of extensive "bridging documents" prepared by the NPS Denver Service Center, as well as collaborative efforts of Shaw Beneco, Atkins-Benham Architects, and Park personnel.

The USGBC's LEED certification follows a rigorous application process. Of nearly 1,600 applications received since the inception of the LEED program, only 130 buildings have been awarded certification. The Grand Canyon project is Shaw's first LEED-certified building constructed as a Shaw design-build project. Additional information about the project is available on the USGBC site at https://www.usgbc.org/LEED/Project/project_list.asp

Diana Severs Ferguson, President of Shaw Environmental and Infrastructure, Inc. said, "We are especially proud of attaining LEED certification for the Grand Canyon project. Shaw's capabilities in sustainable design and construction further exemplify our commitment to restoring and protecting the environment."

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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