SGR Shaw Grp.

The Shaw Group Inc. (NYSE: SGR) today announced the Nuclear Division of its Power Group will join with the United States-India Business Council (USIBC), the Nuclear Energy Institute and an influential group of U.S. companies on the largest-ever nuclear trade mission to India to investigate business opportunities for civilian nuclear trade. The mission is scheduled to take place in January and will visit major hubs of the Indian nuclear industry, including New Delhi, Hyderabad and Mumbai. Leading the mission is the USIBC, a business advocacy group representing 280 of the largest U.S. companies interested in investing in India, joined by two dozen of India's largest global companies. The mission comes as a result of the landmark signing of the Indo-U.S. civil nuclear deal, which signals the readiness of both countries to pursue sales of civilian nuclear technology to India. As a major provider of complete lifecycle services to the commercial nuclear industry, Shaw is well-positioned to participate in the projected $150 billion of business that USIBC envisions between U.S. and Indian companies over the next 30 years as a result of the nuclear trade agreement. Shaw and the other participants in the trade mission will work toward the creation of a strategic partnership between the two countries, allowing for the mutually beneficial sharing of civilian nuclear technology and substantial nuclear trade opportunities. �Shaw is pleased to be on the forefront of this groundbreaking expansion of India�s nuclear power sector,� said Dave Barry, president of the Nuclear Division of Shaw�s Power Group. �Shaw has partnered with Indian companies in the past using our proprietary ethylene technology and look forward to exploring opportunities to provide design and construction assistance to India�s commercial nuclear program.� India�s rapidly growing economy and escalating electricity needs position the country to expand its nuclear power sector. India�s population is currently more than one billion people, and it is projected to overtake China for the world�s largest population over the next 20 years. 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.