Pembroke power plant, the largest and most efficient combined-cycle gas-fired power station in the U.K.

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BATON ROUGE, La., (BUSINESS WIRE)

The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a contract to erect five heat recovery steam generator (HRSG) boilers for Alstom Power, the main engineering, procurement and construction contractor to RWE npower for the 2,160-MW Pembroke power plant, the largest and most efficient combined-cycle gas-fired power station in the U.K.

Shaw will erect and install the boilers at the Pembroke power plant located in South West Wales. Shaw’s team is one of the most experienced constructors of large-scale boilers in the U.K. and has installed gas-turbine equipment totaling 9,000 MW in the last 15 years. During that same time period, Shaw has worked with Alstom on more than 40 projects in the U.K. ranging in size and value.

“With more than 100 years of experience in the U.K. through our legacy companies, Shaw continues to provide our clients with quality equipment as they move forward with new combined-cycle projects,” said J.M. Bernhard Jr., Shaw’s chairman, president and chief executive officer.

Approximately $50 million was included in Shaw’s Fossil, Renewables & Nuclear segment’s backlog of unfilled orders in the third quarter of fiscal year 2010.

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 2009 annual revenues of $7.3 billion, Shaw has approximately 28,000 employees around the world and is the 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 http://www.shawgrp.com.

Thispress releasemay contain forward-looking statements that are not historical facts (including without limitation statements to the effect that the Company or its management “believes,” “expects,” “anticipates,” “plans” or other similar expressions). Statements related to revenues, earnings, backlog or other financial information or results are forward-looking statements based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. These forward looking statements, include, among others, statements we make regarding expected domestic and international new build nuclear construction and uprate projects, market potential for new build gas plant projects, market for potential increases in AQC projects, increasing demand for petrochemical services as well as our updated guidance as to our projected financial results for fiscal 2010.Actual results may differ materially from the forward looking statements which involve significant risks, uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Some of those risks include, but are not limited to: changes in our client’s financial conditions including their capital spending, the Company’s ability to obtain new contracts and perform under those contracts, client cancellations of a contract or changes in scope, deterioration of global economic conditions, changes in the regulatory environment, and failure to achieve projected backlog.Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. 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. More information aboutsome of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company’s reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K filed on October 29, 2009 , and on the Company’s website under the heading “Forward-Looking Statements.” These documents are also available from the Securities and Exchange Commission or from Shaw’s Investor Relations department. For more information on the Company and announcements it makes from time to time on a regional basis, visit our website at www.shawgrp.com.

SOURCE: The Shaw Group Inc.

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