SGR Shaw Grp.

The Shaw Group Inc. (NYSE: SGR) today named Frederick W. Buckman president of the company�s Power Group. He will be based at Shaw�s Power Group headquarters in Charlotte, N.C., and report to Gary P. Graphia, Shaw�s chief operating officer. In this role, he will oversee Shaw�s premier capabilities in the fossil and nuclear power industry.

�Fred brings a wealth of both fossil and nuclear energy experience to the Power Group as Shaw continues to offer safe, efficient and clean energy solutions to its customers around the world,� said J.M. Bernhard Jr., Shaw�s chairman, president and chief executive officer.

Mr. Buckman has more than 30 years� experience in the electric utility industry. Before joining Shaw, he was a managing partner responsible for the utility sector at Brookfield Asset Management (NYSE: BAM) in Toronto.

From 1999 to 2006, Mr. Buckman served as chairman and chief executive officer of Trans-Elect Development Company Inc., an independent company dedicated to the ownership, operation and development of electric transmission assets.

From 1994 to 1998, he served as president and chief executive officer of PacifiCorp, helping transform the company from a regional utility to a significant international energy company. Before joining PacifiCorp, Mr. Buckman was president and chief executive officer of Consumers Power Company, the utility subsidiary of CMS Energy. Prior to becoming president, he served as chief nuclear officer of the company.

Mr. Buckman is a member of the board of directors for both StanCorp Financial Group (NYSE: SFG) and MMC Energy (NASDAQ: MMCE). He is also the president of the Association of Edison Illuminating Companies.

A graduate of the University of Michigan with a bachelor�s degree in science engineering, Mr. Buckman received his doctorate in nuclear engineering from the Massachusetts Institute of Technology and attended the advanced management program at Harvard Business School.

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 regarding the contract award and backlog are forward-looking statements based on the Company�s estimates for the 2007 fiscal year. These forward-looking statements are based on assumptions management believes to be reasonable but actual fiscal 2007 results to be included in our Annual Report on Form 10-K for fiscal 2007 may differ from our current estimates, and those differences could be material and adverse. 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 forward-looking estimates 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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