class='on' The Shaw Group, Inc.

THE SHAW GROUP

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At a Glance

HQ: Baton Rouge, LA

NYSE Symbol: SGR

No. of employees: 22,000

Revenues: Over $4 billion

Founded: 1987

Chairman & CEO:
J.M. Bernhard, Jr.

President:
T.A. Barfield, Jr.

Executive VP & CFO: Robert L. Belk

News Release

   
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The Shaw Group Inc. Announces Third Quarter Fiscal 2007 Earnings Conference Call and Live Webcast

BATON ROUGE, La.–(BUSINESS WIRE)–Oct. 9, 2007–The Shaw Group Inc. (NYSE: SGR) today announced that a conference call to discuss the company’s third quarter fiscal 2007 financial results is scheduled for Wednesday, October 10, 2007, at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). During that call, the company also intends to discuss guidance for fourth quarter fiscal 2007 as well as for fiscal 2008.

A press release announcing the company’s third quarter financial results will be issued before Wednesday’s call. The news release and a slide presentation outlining the third quarter fiscal 2007 earnings will be posted on the Shaw Web site (www.shawgrp.com) approximately one hour before the conference call.

The company also intends to file its third quarter report on Form 10-Q with the Securities and Exchange Commission on Wednesday.

A live audio webcast of the conference call will be available on the Investor Relations page of Shaw’s Web site at www.shawgrp.com. A replay of the webcast will be available via the company’s Web site approximately one hour after the conference call has been completed. A replay of the conference call may also be accessed by dialing 800-633-8284 and using the reservation number 2135-2483.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. A Fortune 500 company with nearly $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, La., and employs approximately 25,000 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 Shaw’s Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. 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 Web site 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 Web site at www.shawgrp.com.

    CONTACT: The Shaw Group Inc.
             Financial:
             Chris Sammons, 225-932-2546
             or
             Media:
             Sean Clancy, 225-987-7129
    SOURCE: The Shaw Group Inc.
“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.


Additional Information

Message from our Chairman and CEO