SGR Shaw Grp.

The Shaw Group Inc. (NYSE: SGR) today announced Lee Elder has been named senior vice president of business development in the company�s Power Group.

Mr. Elder joins Shaw from GE Hitachi Nuclear Energy, where he served as the senior vice president of Global Sales and Marketing. He was responsible for the sales of fuel fabrication, nuclear plant services and new nuclear plants projects throughout GE Hitachi�s global market. He previously held senior leadership positions at GE, Black & Veatch and Westinghouse and has been an active nuclear advocate throughout his career.

At Shaw, Mr. Elder will be responsible for business development activities and initiatives for the Fossil, Nuclear and Maintenance divisions of the Power Group, using his 35 years� experience in systems engineering, project management, sales and marketing. He will be located in Shaw�s Power Group headquarters in Charlotte, N.C.

�With more than three decades of experience, Lee has the right leadership skills and vision to promote Shaw�s portfolio of full-service solutions to the power industry,� said Frederick W. Buckman, president of Shaw�s Power Group. �Lee is an excellent addition to the Power Group team, and we look forward to capitalizing on his expertise as Shaw continues to focus on meeting the global needs of our clients.�

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., and employs approximately 26,000 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.

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