August 1, 2008

Foster Wheeler CFO to Participate in the UBS Engineering & Construction One-on-One Conference

Foster Wheeler Ltd. (Nasdaq: FWLT) announced that Franco Baseotto, the company's executive vice president and chief financial officer, will participate in the UBS Engineering & Construction One-on-One Conference in Chicago, IL, on August 12, 2008, beginning at 8:00 a.m. (Central). Mr. Baseotto will provide an overview of the company and its recent financial performance.

The slides to be used by Mr. Baseotto will be posted in the Investor Relations section of Foster Wheeler's web site ( at or before the start of the conference.

Foster Wheeler Ltd. is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving our clients through one of its two primary business groups. The company's Engineering & Construction (E&C) Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at