BATON ROUGE, La., Mar 23, 2005 (BUSINESS WIRE) — The Shaw Group Inc. (NYSE:SGR) today announced that Shaw EMCON/OWT’s product subsidiary, LFG Specialties, LLC, has successfully completed the first landfill leachate evaporator system (E-Vap) for the Er Qing Environmental Engineering Group Co. at its Anding Landfill, near Beijing, China. The E-Vap will greatly reduce the cost of leachate management and will allow China to obtain emission reduction credits under a program designed as part of the Kyoto Protocol to assist developing countries in achieving sustainable development.

J. M. Bernhard, Jr., Shaw’s Chairman and Chief Executive Officer, said, “We are pleased to celebrate the successful completion of this project and look forward to assisting China with their landfill and landfill gas issues. We’ve proven our ability to execute projects in this market, and look forward to additional opportunities to demonstrate our expertise and technical strength.”

Shaw’s patented E-Vap system beneficially uses renewable landfill gas energy to evaporate leachate. The innovative E-Vap provides integrated, long-term control of these landfill by-products in one reliable process. Leachate is considered a major issue in China and landfill operators have in the past had to invest in costly reverse osmosis systems to handle landfill leachate.

The Anding Landfill E-Vap was approved as China’s first Clean Development Mechanism (CDM) project. The CDM is one of two project-based flexible mechanisms of the Kyoto Protocol, designed to make it easier and cheaper for industrialized countries to meet the greenhouse gas (GHG) emission reduction targets agreed to under the Protocol. The E-Vap will help the landfill reduce its emissions by up to 800,000 tons of carbon dioxide equivalent over 10 years.

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 with over $3 billion in revenues, Shaw is headquartered in Baton Rouge, Louisiana, and employs approximately 18,000 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.

SOURCE: The Shaw Group Inc.

CONTACT:
The Shaw Group Inc., Baton Rouge
Chris D. Sammons
225-932-2500