Shaw Awarded Ethylene Plant Expansion Project in Turkey by Petkim

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Thu Nov 5, 2009 9:00am EST

BATON ROUGE, La.--(Business Wire)--
The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a contract
by Petkim Petrochemical Holding AS to provide engineering and procurement
services and additional study work for an ethylene plant capacity expansion in
Aliaga, Turkey. Shaw built the original 300 kTA plant in 1986 and performed
basic engineering for the previous capacity revamp to 520 kTA in 1999. The new
expansion will increase ethylene production capacity by approximately 10
percent. 

The undisclosed value of the contract will be included in the Energy & Chemicals
segment`s backlog of unfilled orders in the first quarter of fiscal year 2010. 

"Shaw-designed ethylene plants have established a global reputation for
exceptionally high operational reliability, rapid startup and superior
performance," said Lou Pucher, president of Shaw`s Energy & Chemicals Group.
"Our revamp experience and know-how, coupled with our intimate knowledge of the
Aliaga plant, has allowed us to identify capacity gains that other licensors and
contractors would not be able to achieve." 

An established leader in ethylene technology, Shaw has provided technology,
design, engineering and/or construction for more than 120 plants with a
worldwide reputation for exceptionally high operational reliability, rapid
startup and superior performance. Since 1990, Shaw technology has been selected
for 35 percent of the world's ethylene capacity increases. Currently, Shaw is
providing technology and EPC services for several other major olefins projects
worldwide. 

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 2009 annual revenues of
$7.3 billion, Shaw is headquartered in Baton Rouge, La., and employs
approximately 28,000 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
chris.sammons@shawgrp.com
or
Media Contact:
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com

Copyright Business Wire 2009

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