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

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Tue Jul 7, 2009 10:10pm EDT

BATON ROUGE, La.--(Business Wire)--
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. 



The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
chris.sammons@shawgrp.com
or
Media Contact:
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com



Copyright Business Wire 2009

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