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Shaw Awarded Front End Engineering Design Project for Polyethersulphone Expansion Project for Solvay

BATON ROUGE, La.--(BUSINESS WIRE)--May 10, 2005--The Shaw Group Inc. (NYSE:SGR) announced today that its Shaw Stone & Webster unit has been awarded the front end engineering design for a polyethersulphone (PES) expansion project for Solvay Advanced Polymers L.L.C. Polyethersulphone is a high-temperature engineering plastic that is used in electrical and electronic components, sterilization equipment and photographic accessories. Shaw's engineering engagement includes process studies, basic engineering design, cost estimating, modular construction analysis, and master project scheduling. The amount of Shaw's front end contract was not disclosed.

The overall project cost is estimated to be over $50 million and would triple Solvay's existing PES capacity. The planned location of the new unit has not been disclosed and the facility is expected to be commissioned in 2006. Shaw's Toronto office is currently executing several polyethylene, linear alpha olefins and polystyrene projects for Canadian and international clients.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, commented, "This is another important engineering award for Shaw and reflects our Toronto office's expertise in polymer science. This significant project provides Shaw opportunities to develop additional markets and applications in this exciting technology driven arena."

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. With over $3 billion in revenues, Shaw is headquartered in Baton Rouge, Louisiana and employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. The Company was recently named for the second consecutive year to Fortune magazine's annual list of "America's Most Admired Companies". For further information, please visit the Shaw'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 web-site 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 web site at www.shawgrp.com.

CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 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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