Shaw to Report First Quarter Fiscal Year 2013 Financial Results Today

  Shaw to Report First Quarter Fiscal Year 2013 Financial Results Today

Business Wire

BATON ROUGE, La. -- December 21, 2012

The Shaw Group Inc. (NYSE: SHAW) today announced it will report financial
results for its first quarter fiscal year 2013 today, Friday, Dec. 21, 2012.
Financial results will be filed with the SEC and posted on Shaw’s website
(www.shawgrp.com) after the close of market today.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering,
construction, maintenance, technology, fabrication, remediation and support
services for clients in the energy, chemicals, environmental, infrastructure
and emergency response industries. A Fortune 500 company with fiscal year 2012
annual revenues of $6 billion, Shaw has approximately 25,000 employees around
the world and is a power sector industry leader according to Engineering
News-Record’s list of Top 500 Design Firms. For more information, please visit
Shaw’s website at www.shawgrp.com.

This press release contains forward-looking statements and information about
our current and future prospects and our operations and financial results,
which are based on currently available information. The forward-looking
statements include assumptions about our operations, such as cost controls and
market conditions, that may not be realized. Actual future results and
financial performance could vary significantly from those anticipated in such
statements. We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, the occurrence of certain
events or otherwise.

Among the factors that could cause future events or transactions to differ
from those we expect are those risks discussed under Item 1A “Risk Factors” in
our Annual Report on Form 10-K for the fiscal year ended August 31, 2011, our
Quarterly Reports on Form 10-Q for the quarters ended November 30, 2011,
February 29, 2012, and May 31, 2012, and other reports filed with the
Securities and Exchange Commission (SEC). Please read our “Risk Factors” and
other cautionary statements contained in these filings.

As a result of these risks and others, actual results could vary significantly
from those anticipated in this press release, and our financial condition and
results of operations could be materially adversely affected.

Contact:

The Shaw Group Inc.
Media and Financial Contact:
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com