CB&I Announces First Quarter Conference Call and Webcast.

Energy Editors/Business Editors

THE WOODLANDS, Texas--(BUSINESS WIRE)--April 12, 2004

CB&I (NYSE:CBI) will release its first quarter 2004 financial and operating results before the market opens on Thursday, April 29, 2004. The Company will host a conference call at 8 a.m. Central time (9 a.m. EDT) that morning to discuss results, review current and future business factors, and answer questions from participants.

CB&I's first quarter 2004 conference call will be broadcast live over the Internet. To access the webcast, go to www.shareholder.com/cbi/medialist.cfm and select the conference call link. Please log on to this Web site at least 15 minutes prior to the start of the call to register and download and install any necessary audio software. You may also access the webcast from the CB&I Web site (www.CBIepc.com) by selecting "Event Calendar" under the "Investor Relations" section on the home page.

If you are unable to participate in the live call, the webcast of the conference call will be available at the Web sites listed above following the event. In addition, you may access a replay of the conference call by telephone at 800-642-1687 (from within the U.S.) or 706-645-9291 (from outside the U.S.), passcode 6758496. Both the archived webcast and telephone replay will be available until close of business May 6, 2004.

CB&I is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in lump-sum turnkey projects for customers that produce, process, store and distribute the earth's natural resources. With more than 60 locations and 10,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBIepc.com.