The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded an indefinite delivery/indefinite quantity contract to provide nationwide environmental and restoration services for the U.S. Army Corps of Engineers' Louisville District.

The scope of work includes munitions response and hazardous, toxic and radioactive waste project services. Shaw will perform remedial investigations and actions, environmental analysis and compliance, ecosystem restoration, environmental dredging, operation and maintenance, and emergency response activities to support the Corps' environmental projects.

"This contract builds on Shaw's history and strong partnership with the Corps," said George Bevan, president of Shaw's Environmental & Infrastructure Group. "Through our environmental science expertise and remediation, emergency response and military munitions response capabilities, Shaw is ideally suited to support the objectives of our client."

Shaw is one of five firms selected to compete on contract task orders, which have a combined maximum value of approximately $225 million. The contract includes a two-year base period and four two-year options. The undisclosed value of the contract was included in Shaw's Environmental & Infrastructure segment's backlog of unfilled orders in the first quarter of fiscal year 2012.

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 Report on Form 10-Q for the quarter ended November 30, 2011, 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