CORRECTING and REPLACING Shaw Awarded Task Orders for Photovoltaic and Energy Efficiency Improvement at U.S. Navy Installations

Please replace the release with the following corrected version due to multiple revisions to the second paragraph.

The corrected release reads:

SHAW AWARDED TASK ORDERS FOR PHOTOVOLTAIC AND ENERGY EFFICIENCY IMPROVEMENT AT U.S. NAVY INSTALLATIONS

The Shaw Group Inc. (NYSE: SGR) today announced Atlantic Contingency Constructors, LLC (ACC) has been awarded four task orders under a U.S. Navy Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for global contingency construction awarded in 2006. ACC is a joint venture between Shaw�s Environmental & Infrastructure Group and AECOM Government Services, Inc. The work performed under the task orders will be for the improvement, design and construction of sustainable energy systems at Navy installations in the District of Columbia, Virginia, Maryland, Florida, Mississippi and Texas.

The task orders, totaling up to $100 million, are funded through the American Recovery and Reinvestment Act of 2009. This amount was previously included in the company�s backlog of unfilled orders.

ACC will perform building and lighting efficiency surveys to optimize the performance of various photovoltaic (PV) systems that will be designed and constructed as part of these task orders. The systems may include rooftop- , carport- and ground-mounted systems, as well as solar ventilation preheat and other solar energy systems.

�Federal government agencies continually are moving toward using renewable energy to power their operations and need solutions that address the challenge of fulfilling energy demand with cost-effective solutions and minimal environmental impact,� said George Bevan, president of Shaw�s Environmental & Infrastructure Group. �Shaw�s expertise in design and construction will help the U.S. Navy achieve a more sustainable, cost-effective energy system to meet their current and future needs.�

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 year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., with offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. 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.

Shaw (NYSE:SGR)
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