The Shaw Group Inc. Announces Conference Call Webcast
BATON ROUGE, La., Jul 3, 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 third quarter 2002 financial results. The call will be held on Thursday, July 11, 2002 and will begin at 8:00 a.m. Central time.

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.

An audio replay of the call will be available through Thursday, July 18, 2002 and may be accessed by dialing 800-633-8284. The reservation number to access the playback is 20717456.

The Shaw Group Inc. is the world's only vertically-integrated provider of comprehensive engineering, procurement, pipe fabrication, construction and maintenance services to the power, process and environmental & infrastructure sectors. Shaw is headquartered in Baton Rouge, Louisiana, and currently has offices and operations in North America, South America, Europe, the Middle East and Asia-Pacific. Shaw employs more than 20,000 people annually. Additional information on The Shaw Group is available at www.shawgrp.com. 

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine N. Mollere, 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.