The Shaw Group Inc. (NYSE: SHAW) today announced Gary P. Graphia, executive vice president, will retire from the company effective May 1, 2012.

Mr. Graphia joined Shaw in August 1999 as chief legal officer and corporate secretary. He later served as executive vice president of Corporate Development and Strategy and as Shaw's chief operating officer. Most recently, in his role as executive vice president, Mr. Graphia has been responsible for strategic initiatives including corporate development, mergers and acquisitions and client relations.

During Mr. Graphia's tenure, Shaw completed three major acquisitions including Stone & Webster in 2000; IT Group in 2002; and the company's investment in Westinghouse in 2006, all of which were critical to developing Shaw's business as it exists today.

"Gary has been a vital component of Shaw's growth and success throughout the last decade, and I am deeply grateful for his service," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer. "His vision and dedication helped establish Shaw as a leader in the engineering and construction industry."

Mr. Graphia commented, "I would like to thank Jim Bernhard and our board of directors for the trust and confidence they placed in me throughout my career with Shaw. My experience with this company has far surpassed any expectations I had when I came here 13 years ago."

Shaw expects to enter into a short-term consulting agreement with Mr. Graphia.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, 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 2011 annual revenues of $5.9 billion, Shaw has approximately 27,000 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, and February 29, 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.

The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com