Shaw Awarded Contract for Maintenance and Construction Services at Multiple Honeywell Sites

The Shaw Group Inc. (NYSE: SGR) today announced the Maintenance Division of its Power Group has been awarded a new contract by Honeywell Specialty Materials that expands and consolidates several existing maintenance, small capital construction, reliability and engineering services contracts in Virginia and Louisiana.

Shaw’s new contract with Honeywell establishes a framework to expedite additions to project scope, potentially including new sites or services. Shaw’s three-year maintenance contract is valued at $25 million and will be included in the company's second quarter fiscal year 2009 backlog of unfilled orders.

"Honeywell is a diverse company with a variety of evolving needs. This multi-site master agreement gives Shaw the flexibility to respond rapidly with skilled, experienced staff," said Ron McCall, president of Shaw's Maintenance Division. "This agreement allows us to assist Honeywell in meeting task or site goals in a cost-effective manner.”

Shaw currently provides reliability and plant engineering services at several Honeywell sites through parallel in-plant agreements. In 2008, Shaw introduced a new Process Safety Management (PSM) service at Honeywell’s Hopewell, Va., location, auditing equipment files and requirements specific to its industrial plant. Reliability, plant engineering and PSM services are tailored to the needs of each plant, decreasing costs and increasing project efficiency.

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, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site at www.shawgrp.com.

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