News Release - 19th January 2011 Nuclear Power Delivery UK Strengthens Supply Chain by Signing Agreements with Three Major UK Companies

Nuclear Power Delivery UK (the team established to deliver the Westinghouse AP1000® nuclear power plant to UK customers) announced today that Memoranda of Understanding (MOUs) have been signed with three of the biggest names in the UK nuclear industry supply chain – BAE Systems, Doosan Power Systems and Rolls-Royce.

These new agreements build on MOUs signed with the same three organisations by Westinghouse back in September 2008.

Nuclear Power Delivery UK Managing Director, Rita Bowser said "We are delighted to be announcing these new agreements – building on the success of the previous links which were established by Westinghouse. The work performed under the earlier MOUs sets the basis for more detailed collaboration as we move forward. The fact we are now doing this as Nuclear Power Delivery UK means we can bring a clearer team focus to where these major organisations can support us, and allows us all to look at how we can best work together to bring the AP1000 nuclear plant for UK customers as reliably and cost-effectively as possible."

The specific contents of each MOU are confidential, but in broad terms the agreements collectively address scope to support the already broad footprint of Nuclear Power Delivery UK in the UK. Areas for further development under the MOUs include:

• Manufacturing and components

• Supply chain and logistics

• Engineering support

The signing of these agreements are fully consistent with the supply chain development approach of Nuclear Power Delivery UK, which is to "Buy Where We Build", to the greatest extent possible, consistent with meeting quality and competitiveness requirements.

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Notes to Editors:

• Nuclear Power Delivery UK is a team comprising Westinghouse Electric Company, The Shaw Group, Laing O’Rourke and Toshiba.For more information on Nuclear Power Delivery UK, visit: www.nuclearpowerdeliveryuk.co.uk

• The Westinghouse AP1000TM reactor is one of two designs currently being assessed by UK regulators for potential new nuclear build in the UK. Contracts have been placed around the world for a total of ten AP1000 plants to date – 4 in China and 6 in the USA. The first plant, at Sanmen in China, is scheduled to produce electricity in 2013.

• Westinghouse Electric Company, majority owned by Toshiba Corporation, is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first PWR in 1957 in Shippingport, PA, USA. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants.

• 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 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world, including more than 1,500 people employed in the U.K., and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. Shaw offers a premier portfolio of nuclear, fossil and renewable power expertise, delivering safe, efficient and clean energy solutions around the world. Shaw maintains a 20 percent equity interest in Westinghouse.

• As an international engineering enterprise, Laing O’Rourke funds, designs, manufactures, constructs and maintains the built environment – providing the facilities to accommodate, educate, employ, connect, care for and sustain communities. The company’s business model comprises the full range of engineering, construction and specialist services capabilities. Laing O’Rourke’s offer is fully integrated to deliver a single-source solution for some of the world’s most prestigious client organisations.

• Toshiba Corporation is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products across a variety of sectors including power systems and nuclear. Toshiba, including group company Westinghouse, leads the global nuclear industry with capabilities in both Boiling Water Reactors (BWR) and Pressurized Water Reactors (PWR). In the UK, Toshiba has 11 offices, and around 1,500 employees, including a small, newly-established nuclear team.