Correcting Date of Notes Offering in Shaw Group Release Issued Yesterday, March 17
Mar 18, 2003 (BUSINESS WIRE) --

In BW5978-3/17, (LA-THE-SHAW-GROUP) The Shaw Group Inc. Closes $253 Million Senior Notes Offering and $250 Million Revolving Credit Facility, Released March 17, third graph, final sentence, the Monday, March 26, 2003 date mentioned twice should be WEDNESDAY, March 26, 2003.

CONTACT:          The Shaw Group Inc., Baton Rouge
                  Christine Mollere, 225/932-2500
                  [email protected]
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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.