| The Shaw Group Makes Donation and Pledges Assistance |
BATON ROUGE, La.–(BUSINESS WIRE)–Jan. 6, 2005–The Shaw Group Inc. (NYSE: SGR):
The Shaw Group Inc. today announced that it is donating $100,000 to the American Red Cross in fulfillment of its previous commitment for relief efforts in Florida following 2004’s extreme hurricane season. The check is being presented to the American Red Cross today in Baton Rouge, Louisiana by Shaw’s Chairman and Chief Executive Officer, J. M. Bernhard, Jr. In addition, Shaw has committed to match employee contributions for relief efforts following the recent tsunami in southern Asia. Shaw’s matching contribution will be made to the Red Cross and other appropriate organizations actively involved in the provision of food, medical supplies and shelter for the tsunami victims. Shaw has also offered to contribute emergency response expertise to various organizations worldwide to assist in the initial assessment and planning for the restoration of the tsunami affected areas. Shaw has offered it expertise in geophysics and hydrology, logistics, environmental assessment and remediation, infrastructure, and electrical transmission grids. Mr. Bernhard said, “Along with the rest of the world, we were deeply saddened by the destruction and tremendous loss of life caused by the recent tsunami in southern Asia. Shaw is very pleased to be able to make contributions to the relief effort there.” 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 power, process, environmental, infrastructure and emergency response markets. A Fortune 500 Company, The Shaw Group is headquartered in Baton Rouge, Louisiana, and employs approximately 17,000 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 www.shawgrp.com. Forward-Looking Statements – 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 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 www.shawgrp.com.
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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. |