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Shaw to Provide Pipe Fabrication Services for Major U.S. Manufacturing Facility

The contract, valued at more than $100 million, will be included in Shaw's Fabrication & Manufacturing segment's backlog of unfilled orders in the fourth quarter of fiscal year 2011.

"Shaw was founded 25 years ago as a pipe fabrication company," said David Chapman, president of Shaw's Fabrication & Manufacturing Group. "Today, our fabrication technology and production management systems can support significant capital projects in the power and process industries for clients around the world."

Shaw provides piping, structural steel and duct panel fabrication, module assembly, as well as pipe products and the world's leading proprietary bending technology, for the power and process industries, including nuclear, gas- and coal-fired power plants, oil extraction, pipeline, refining, petrochemical and chemical. Through nine facilities worldwide that are equipped with the latest manufacturing technology, Shaw creates total fabrication solutions for its customers.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.

This press release contains forward-looking statements and information about our current and future prospects and our operations and financial results, which are based on currently available information. The forward looking statements include assumptions about our operations, such as cost controls and market conditions, that may not be realized. Actual future results and financial performance could vary significantly from those anticipated in such statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events or otherwise.

Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, our Quarterly Reports on Form 10-Q for the quarters ended May 31, 2010, November 30, 2010, and February 28, 2011, and other reports filed with the Securities and Exchange Commission (SEC). Please read our "Risk Factors" and other cautionary statements contained in these filings.

As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and our financial condition and results of operations could be materially adversely affected.

The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com