Shaw Announces Fourth Quarter and Fiscal Year 2008 Earnings Conference Call and Live...

Shaw Announces Fourth Quarter and Fiscal Year 2008 Earnings Conference Call and Live Webcast

BATON ROUGE, La.--(Business Wire)--
The Shaw Group Inc. (NYSE: SGR) announced today that it will hold
a conference call on Thursday, October 30, 2008, at 9 a.m. EDT (8 a.m.
CDT) to discuss the company's financial results for the fourth quarter
and fiscal year 2008. Shaw expects to release the financial results
earlier that day. A slide presentation outlining the financial results
will be posted on the Investor Relations page of Shaw's Web site at
www.shawgrp.com approximately one hour prior to the conference call.

Interested parties may dial 800-736-7549 to listen live to the
conference call or access a live audio webcast of the call on the
Investor Relations page of Shaw's Web site at www.shawgrp.com.

A replay of the conference call will be available by telephone, as
well as on the company's Web site, approximately one hour after the
conclusion of the call. To listen to a replay of the conference call
by telephone, dial 800-633-8284 and use reservation number 2139-7442.

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. 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.

The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
or
Media Contact:
Chris Chambers, 225-987-7372

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