Foster Wheeler announced today that it has accepted for payment an additional $16,515,000 of aggregate principal amount of its Senior Secured Notes due September 2011, Series A.

The tendered Senior Notes were accepted in connection with Foster Wheeler's exchange offer and brings the aggregate principal amount of Senior Notes accepted up to $150,003,250.

The number of new common shares issued pursuant to Senior Notes accepted today will be 663,556.185. As of 10 November 2005, Foster Wheeler had 56,219,650 outstanding common shares. The Exchange Offer expired at 5:00 p.m., New York City time, on 10 November 2005 and, as of such date, approximately $111.5 million of aggregate principal amount of Senior Notes remains outstanding.

The foregoing reference to the Exchange Offer and Consent Solicitation and/or any other related transactions shall not constitute an offer to buy or exchange securities or constitute the solicitation of an offer to sell or exchange any securities in Foster Wheeler Ltd. or any of its subsidiaries.