The Shaw Group Inc. Announces Conference Call Webcast
BATON ROUGE, La., Jan 8, 2002 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:SGR) ("Shaw" or "the Company") today announced that it will host a conference call to discuss the Company's 2002 first quarter financial results. The call will be held on Monday, January 14, 2002 and will start at 9:00 a.m. Central time.

A live webcast 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 Monday, January 28, 2002 and may be accessed by dialing 800-633-8284. The reservation number to access the playback is 20119448.

The Shaw Group Inc. is the world's only vertically-integrated provider of complete piping systems and comprehensive engineering, procurement and construction services to the power generation industry. Shaw is the largest supplier of fabricated piping systems in the United States and a leading supplier worldwide, having installed piping systems in power plants with an aggregate generation capacity in excess of 200,000 megawatts. While the majority of Shaw's backlog is attributable to the power generation industry, the Company also does work in the process industries, including petrochemical, chemical and refining, and the environmental and infrastructure sector. The Company currently has offices and operations in North America, South America, Europe, the Middle East and Asia-Pacific; and has more than 13,000 employees. For additional information on The Shaw Group, please visit the Company's web site at www.shawgrp.com. 

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Kevin LeBlanc, 225/932-2500
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"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.