Presentation at the US-Saudi Business Opportunities Forum (Dec 5-7, 2011, Atlanta, GA). J.M. Bernhard, Jr., Chairman, President and CEO, Shaw, presented at the panel titled, "Nuclear and Renewable Energy: Building Resources for the Future."

1. U.S. – Saudi Business
Opportunities Forum
December 7, 2011
J.M. Bernhard Jr.
Chairman, President and Chief Executive Officer
S AN M E N U N I T S 1 & 2 │1

2. Corporate Profile
The Shaw Group Inc.® 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.
► Headquarters: Baton Rouge, LA
► Stock Ticker: NYSE: SHAW
► Number of employees: 27,000
► FY 2011 Revenues: $5.9 billion
► 20% ownership of Westinghouse Group
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3. U.S. Nuclear Projects Progressing as Planned
SCANA V.C. Summer Southern Vogtle
Photo courtesy of SCANA Photo courtesy of Southern Nuclear
► Began site preparation for both sites in 2008
► Performing site preparation on both projects – clearing and excavating land and building
infrastructure.
► Currently approximately 1,750 workers at Vogtle and approximately 1,050 workers at V.C. Summer
► At the peak of construction, approximately 3,000 to 3,500 personnel are expected to be on each site
► Combined licenses and first nuclear quality concrete pour expected in early 2012
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4. China AP1000® :
Sanmen and Haiyang Units Progressing Steadily
Haiyang Sanmen
► Contract signed in 2007
► Shaw's work includes engineering, procurement, startup, information management, technology
transfer and project management services.
► Commercial operation for Sanmen expected in 2013-2014.
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5. Shaw’s Work in Saudi Arabia
► Saudi Electricity Company (SEC)
– April 2010: Shaw awarded contract to assess
and recommend operational improvements at
48 sites throughout Saudi Arabia
► Eastern Petrochemical Company (SHARQ)
– April 2010: Shaw completed 1,300 KTA
grassroots ethylene plant in Al-Jubail, which
had workforce of 12,000 at its peak
► Saudi Basic Industries Corporation (SABIC)
– Grassroots High Density Polyethylene (HDPE)
plant completed in 2008
Shaw has completed more than 70 projects in SHARQ grassroots ethylene plant
Saudi Arabia over the previous 20 years
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6. Why Nuclear Makes Sense for the Kingdom of Saudi Arabia
► Deployment of nuclear power
technologies for energy production
allows KSA oil resources to be dedicated
to more valuable export purposes or
downstream industry creation
► Nuclear power will provide highly reliable
and safe generation for KSA’s future
energy needs
► Nuclear power will provide KSA with a significant source of carbon-free
technology
► Nuclear power will allow KSA to generate electricity and the potential to
use power station heat properties to support desalination needs
► Nuclear power will provide a significant source of highly skilled jobs for
thousands of Saudi workers
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7. Keys to Successful Nuclear Deployment
► Existence of a utility that has the financial and technical capability to
undertake nuclear power generation
► Selection of a technology that will succeed in the geographic location,
matched with an EPC contractor that can successfully engineer and
construct the technology and with a world class nuclear operator who can
provide the operational excellence know-how.
► Successful conclusion of a Section 123 Agreement with the
U.S. government
► Commitment to engagement with the International Atomic Energy Agency
and willingness to create a credible regulatory body to oversee deployment
► An integrated multi-company supply team that incorporates a technology
provider, a qualified EPC team and an experienced utility nuclear operator
would provide the best model to achieve successful deployment of nuclear
technologies in Saudi Arabia.
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8. Saudi Arabia Nuclear Deployment Model
 Design & Equipment Supply +
 Engineering, procurement,
construction management
 Construction Saudi Arabian constructor
 Operations/training/
workforce development
 Maintenance/outage
management + + + +
An integrated multi-company supply team that incorporates a
technology provider, a qualified EPC team and an experienced utility
nuclear operator would provide the best model to achieve successful
deployment of nuclear technologies in Saudi Arabia.
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9. Nuclear Power Sustainability and Job Creation in Saudi Arabia
► Creation of jobs in Saudi Arabia for construction and commissioning of
multiple nuclear units
– Local construction employment will peak between 3,500 and 4,000
– Approximately 1.5 – 1.7 billion SAR (Approximately $430 million USD) in
annual sales of local goods and services at each site
– More than 4,000 indirect jobs created from new business
► Permanent operations staff between 500 and 550 per unit (60 years)
– Operator training programs for operations and management personnel
– Professional development programs
► Equipment supply from local and regional manufacturers
– Commodities, such as concrete, steel, cable, etc.
– Mechanical and electrical equipment
► Partnerships with universities and technical colleges
– Engineering, environmental science and trade programs
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10. Value Summary
► We are committed to working with KSA
to create a sustainable nuclear power
generating portfolio, and a nuclear power
industry for long-term needs.
► We are willing and ready to invest in
facilities to enhance the localization of
commodities.
► We believe Saudi Arabia deserves the
highest quality technology and the best
deployment group in the world.
► Our team of Toshiba/Westinghouse, Exelon and Shaw provide such world
class capability and technology.
► We stand committed to assisting the Kingdom of Saudi Arabia in obtaining
prompt agreement and approval of a Section 123 Agreement with the United
States. │ │10

11. U.S. – Saudi Business
Opportunities Forum
December 7, 2011
J.M. Bernhard Jr.
Chairman, President and Chief Executive Officer
AE R I AL V I E W O F V O G T L E U N I T S 3 AN D 4 │ 11