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Shaw Awarded U.S. Air Force and Navy Contracts
Communiqué publié le 15/11/2007 à 13h04

The Shaw Group Inc. (NYSE: SGR) announced today that Shaw Environmental & Infrastructure Group has been awarded an Indefinite Delivery Indefinite Quantity design-build multiple award construction contract (MACC) by the U.S. Air Force and a task order contract by the U.S. Navy's Naval Facilities Engineering Command (NAVFAC) Southwest Division. The values for both Shaw contracts, which are included in the company's fourth quarter fiscal year 2007 backlog, were not disclosed.

The U.S. Air Force contract is for services at Hill Air Force Base, Utah Test and Training Range and Little Mountain, Utah. Shaw will compete for task orders ranging from design and construction of new facilities and the remodeling or refurbishing of existing facilities. The type of work will vary for each task order but may include site development and construction, concrete, masonry, metal buildings, structural, architectural, mechanical, electrical, fire protection and special construction. Shaw is one of four contractors selected for the five-year contract.

Shaw's U.S. Navy award is a task order contract to conduct various repairs to the fuel facility at Marine Corps Air Station New River, Jacksonville, N.C. This task order is awarded under our worldwide NAVFAC Southwest Division - POL Multiple Award Construction Contract. Overall duration for this project is estimated at one year.

For the Navy task order contract, Shaw will provide all mechanical, electrical and civil tasks associated with repair and upgrade of a truck fuel offloading station, four above ground bulk jet fuel storage tanks, a truck parking area plus leak detection and corrosion protection. Shaw will be responsible for the project and construction management and self-perform all civil engineering work.

"Shaw brings extensive experience and knowledge of design-build, new construction, renovation and maintenance work for all types of Department of Defense facilities," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer. "We have worked at Hill AFB under a previous contract for 15 years, and we are pleased to have the opportunity to continue this successful relationship under the MACC contract.

"With this first competitive task order win on the Southwest Division - POL contract, Shaw has an opportunity to demonstrate its self-performance capabilities with approximately 70 percent of the project being performed in-house," Bernhard said. "We are excited to continue our support of the Navy as we increase our presence within the fuels industry."

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, chemical, environmental, infrastructure and emergency response markets. A Fortune 500 company with more than $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, La., and employs approximately 27,000 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 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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