The Shaw Group - Conference Call Web Cast Notice
BATON ROUGE, La., Jul 3, 2001 (BUSINESS WIRE) -- ---------------------------------------------------------------------- FOR: The Shaw Group Inc. (NYSE: SGR) 

RE:                 Third Quarter Fiscal 2001 Financial Results

DATE:               Tuesday, July 10, 2001

TIME:               8:00 AM CENTRAL
WEB SITE: http://www.shawgrp.com ----------------------------------------------------------------------

The management of The Shaw Group Inc. will host a conference call to discuss the Company's third quarter fiscal 2001 financial results.

A live web cast of the conference call will be available on the Investor Relations page of The Shaw Group's web site at www.shawgrp.com.

A replay of the call will be available through Tuesday, July 17, 2001 and may be accessed by dialing 800-633-8284. The reservation number to access the playback is 19073218.

For further information please contact Christine Noel, Director of Investor Relations, at 225-932-2500. 

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine R. Noel, 225/932-2500
"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.