Shaw to Support U.S. Navy Fuel System Operations Worldwide

The Shaw Group Inc. (NYSE: SGR) today announced its Environmental & Infrastructure Group has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the Department of Defense (DoD) to support its U.S. Navy fuel system operations. The scope of Shaw’s contract includes engineering, inspection and construction services at U.S. Naval Facilities Engineering Service Center Petroleum, Oils and Lubricants (POL) sites at DoD facilities around the world.

Shaw will support the sustainment, restoration and modernization requirements on projects, including designing, building, engineering, inspecting, testing and constructing POL fuel systems and various components.

Shaw is one of five firms selected to compete on task orders with a maximum contract value of $350 million, if all options are exercised, through 2014. The value of this award, which will be included in the company’s fourth quarter fiscal year 2009 backlog of unfilled orders, was not disclosed.

“The Department of Defense relies on POL sites globally to strengthen combat readiness through facilities lifecycle support,” said George Bevan, president of Shaw’s Environmental & Infrastructure Group. “Shaw’s delivery of sound engineering and management solutions enhances DoD readiness and cost efficiencies with respect to energy supply, distribution, and consumption.”

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., and employs approximately 26,000 people at its 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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