The Shaw Group Inc.

The Shaw Group Inc.

January 06, 2005 10:55 ET

The Shaw Group Makes Donation and Pledges Assistance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE SHAW GROUP INC.

NYSE SYMBOL: SGR

JANUARY 6, 2005 - 10:55 ET

The Shaw Group Makes Donation and Pledges Assistance

BATON ROUGE, La.--(CCNMatthews - Jan 6, 2005) -

The Shaw Group Inc. (NYSE: SGR):

-- Fulfills previous commitment to American Red Cross with $100,000
contribution for Florida Hurricane Relief Efforts;

-- Pledges to match employee contributions for tsunami relief efforts;

-- Offers emergency response expertise for restoration of tsunami
affected regions

The Shaw Group Inc. today announced that it is donating $100,000 to the
American Red Cross in fulfillment of its previous commitment for relief
efforts in Florida following 2004's extreme hurricane season. The check
is being presented to the American Red Cross today in Baton Rouge,
Louisiana by Shaw's Chairman and Chief Executive Officer, J. M.
Bernhard, Jr.

In addition, Shaw has committed to match employee contributions for
relief efforts following the recent tsunami in southern Asia. Shaw's
matching contribution will be made to the Red Cross and other
appropriate organizations actively involved in the provision of food,
medical supplies and shelter for the tsunami victims.

Shaw has also offered to contribute emergency response expertise to
various organizations worldwide to assist in the initial assessment and
planning for the restoration of the tsunami affected areas. Shaw has
offered it expertise in geophysics and hydrology, logistics,
environmental assessment and remediation, infrastructure, and electrical
transmission grids.

Mr. Bernhard said, "Along with the rest of the world, we were deeply
saddened by the destruction and tremendous loss of life caused by the
recent tsunami in southern Asia. Shaw is very pleased to be able to make
contributions to the relief effort there."

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 power,
process, environmental, infrastructure and emergency response markets. A
Fortune 500 Company, The Shaw Group is headquartered in Baton Rouge,
Louisiana, and employs approximately 17,000 people at its offices and
operations in North America, South America, Europe, the Middle East and
the Asia-Pacific region. For further information, please visit the
Company's website at www.shawgrp.com.

Forward-Looking Statements - 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 website 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
website at www.shawgrp.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Shaw Group Inc., Baton Rouge
    Chris D. Sammons, 225-932-2546
    http://www.shawgrp.com