ShawCor Announces Contract To Provide Anticorrosion And Concrete Weight Coating Services To Gazprom In Russia



    TSX: SCL.A, SCL.B

    TORONTO, June 9 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
its subsidiary, Bredero Shaw, has received a contract with a value in excess
of $20 million to provide three layer anticorrosion and concrete weight
coating for the subsea crossing of Baydaratskaya Bay. The contract has been
awarded to Bredero Shaw Limited and will be executed at its coating facility
in Leith, Scotland.
    Baydaratskaya Bay is located in the southern part of the Kara Sea along
the coastline of the Yamal Peninsula in Northern Russia. This contract will
involve coating 20 km of 48" pipe and represents a section of one of several
strategic pipelines that will move gas from the Yamal Peninsula to Europe.

    ShawCor Ltd is an energy services company specialising in products and
services for the pipeline and pipe services and the petrochemical and
industrial segments of the oil and gas industry. The company operates through
six divisions with over sixty manufacturing and service facilities located
around the world.

    Bredero Shaw, ShawCor's largest division, is the global leader in pipe
coating solutions. The division provides specialized coating systems and
related services for corrosion protection, insulation and weight coating
applications on land and marine pipelines including highly engineered
corrosion and insulation systems for deepwater applications.

    This news release contains forward-looking information within the meaning
of applicable securities laws. Words such as "may", "will", "should",
anticipate", "plan", "expect", "believe", "predict", "estimate" or similar
terminology are used to identify forward-looking information. This
forward-looking information is based on assumptions, estimates and analysis
made in the light of the company's experience and its perception of trends,
current conditions and expected developments, as well as other factors that
are believed by the company to be reasonable and relevant in the
circumstances. Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from those predicted, expressed or
implied by the forward-looking information. The risks and uncertainties
include, among other things, changes in global economic activity and changes
in energy supply and demand which impact on the level of drilling activity and
pipeline construction; political, economic and other risks arising from
international operations; compliance with environmental, trade and other laws;
liability claims; fluctuations in foreign exchange rates and fluctuations in
raw material prices, as well as other risks and uncertainties that are more
fully described in the company's Annual Information Form, annual and quarterly
reports and in other reports and filings made with securities regulatory
authorities and available at www.sedar.com.





For further information:

For further information: ShawCor Ltd., Gary Love, Vice President,
Finance and CFO, Tel: (416) 744-5818, E-mail: glove@shawcor.com, Website:
www.shawcor.com

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ShawCor Ltd.

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