BATON ROUGE, La.--(BUSINESS WIRE)--June 28, 2007--The Shaw Group Inc. (NYSE: SGR) today announced that Energy and Climate Advisors, a joint venture company formed by Shaw Capital, Inc. ("Shaw Capital"), and London-based EEA Fund Management Ltd. ("EEA"), has been selected to serve as the asset advisor for Leaf Clean Energy Company ("Leaf") (AIM ticker symbol: LEAF). Leaf is a clean energy asset company that began trading today on the London Stock Exchange AIM market with an initial market capitalization of approximately US$400 million. Under the Asset Advisory Agreement, Energy and Climate Advisors will assist Leaf in the sourcing of investment opportunities in the renewable and alternative energy markets and provide support to Leaf in the screening, evaluation, development, and operation and maintenance of assets acquired by Leaf.
J.M. Bernhard, Jr., chairman, president and chief executive officer of Shaw, referring to the appointment, said, "Shaw Capital is quickly establishing itself as an important component of Shaw's complete suite of solutions for its clients. Not only can Shaw provide traditional services such as evaluating project feasibility, providing engineering and construction services, and supporting the operation and maintenance of the asset; now, through Shaw Capital, we may also provide access to capital for projects through our relationships with entities like Leaf."
Dan Shapiro, president of Shaw Capital, added, "Shaw Capital's strategic relationship with EEA provides a unique combination of skills and experience for success in the robust new energy and emerging climate change markets, particularly those occurring within North America."
Simon Shaw (no relation to The Shaw Group), founder of EEA, said, "The U.S. is now in the embryonic stages of a fundamental long-term transition to a low carbon economy, which is a massive step forward for the clean energy sector. Together with our partners at The Shaw Group, we are well positioned to access project level opportunities within this sector."
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, chemical, environmental, infrastructure, and emergency response markets. A Fortune 500 company with nearly $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, Louisiana and employs approximately 25,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's website at www.shawgrp.com.
Shaw Capital, Inc., through its partnerships and affiliates, provides access to over $1 billion of available capital for equity, mezzanine, and debt investment opportunities in the energy, chemicals, environmental, infrastructure, and related markets. Shaw Capital leverages Shaw's global platform, technical and operational acumen, and transactional capabilities to identify and execute on significant project investment opportunities.
London-based EEA was established in 2003 by Simon Shaw and manages a range of equity and climate-related funds with total assets under management in excess of US$1 billion. EEA advises on investments in energy and environmental markets and is the exclusive retained investment advisor to Trading Emissions PLC (AIM listed). EEA has unique experience in the climate change market through its management of Climate Exchange PLC, the financing vehicle for the Chicago and European Climate Exchanges, and also through the launch and management of Trading Emissions PLC.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein 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) and 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. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. 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. A description of some 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 and Form 10-Q reports, and on the Company's web-site under the heading "Forward-Looking Statements". These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis visit our web site at www.shawgrp.com.
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