The Shaw Group's Richard F. Gill Named to Nuclear Energy Institute's Board of Directors

BATON ROUGE, La., Jul 26, 2004 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:SGR) announced today that the Nuclear Energy Institute (NEI) has elected Richard F. Gill to its Board of Directors. Gill is Executive Vice President and Chairman of the Executive Committee for The Shaw Group and will serve a three-year term on the NEI Board.

Gill has served Shaw in various capacities including Executive Vice President and Chief Operating Officer and as President of Shaw's Stone and Webster, Inc. unit. Previously, Mr. Gill was Founder and President of Merit Industrial Constructors Inc., which was acquired by Shaw in 1997.

All U.S. nuclear power plant licensees and selected representatives of other companies involved in nuclear technologies are members of the NEI Board of Directors. Members of the board and its Executive Committee typically serve three-year terms, and officers are elected annually.

Shaw, through its subsidiary, Stone & Webster, Inc., is a recognized leader in the nuclear industry having provided operations and support services to more than 95 percent of the nation's nuclear facilities. Shaw is the domestic leader in the supply of multi-station contract maintenance and plant restart construction services and currently supplies maintenance services to approximately one third of the nation's nuclear facilities. Engineering News Record Magazine currently ranks The Shaw Group second in the world for nuclear plant design in its "Top 10 in Nuclear Plants" listing.

The Shaw Group Inc. is a leading provider of consulting, engineering, construction, remediation, and facilities management services to government and private sector clients in the environmental, infrastructure, and emergency response markets. The Shaw Group is also a vertically integrated provider of comprehensive engineering, consulting, procurement, pipe fabrication, construction, and maintenance services to the power and process industries worldwide. A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge, Louisiana, and employs approximately 16,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit the Company's website at

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 website 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 website at

SOURCE: The Shaw Group Inc.

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