Shaw Awarded Environmental Multiple Award Contract by the U.S. Navy

Business Wire, April 28, 2008

BATON ROUGE, La. -- The Shaw Group Inc. (NYSE: SGR) announced today that its Environmental & Infrastructure Group has been awarded an Environmental Multiple Award Contract (EMAC) by the Naval Facilities Engineering Command Southwest. Shaw is one of six contractors selected for the environmental remediation contract, which has a one-year term with four one-year options. If the options are exercised by the Navy, the total program for all contractors will approximate $100 million.

Ronald W. Oakley, president of Shaw's Environmental & Infrastructure Group, said, "Shaw remains dedicated to supporting the Navy with its full range of environmental remediation capabilities. With this award and the recent Performance-Based Multiple Award Task Order Contract, the Navy continues to place its confidence in our ability to provide reliable and cost-effective solutions for its environmental remediation needs."

Under the EMAC, Shaw may be awarded task orders to provide environmental remediation services at designated Navy and Marine installations in Alaska, Arizona, California, Nevada, New Mexico, Oregon, Utah, Washington and at other U.S. Department of Defense locations nationwide. The value of Shaw's contract, which will be included in the company's third quarter fiscal 2008 backlog, is undisclosed.

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, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal 2008 annual revenues expected to exceed $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 27,000 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.