CB&I Announces First Quarter Conference Call and Webcast.

Business Editors

THE WOODLANDS, Texas--(BUSINESS WIRE)--April 7, 2003

Chicago Bridge & Iron Company N.V. (NYSE:CBI) will release its first quarter 2003 financial and operating results before the market opens on Thursday, May 1, 2003. The Company will host a conference call at 10 a.m. Central time (11 a.m. EDT) that morning to discuss results, review current and future business factors, and answer questions from participants.

CB&I's first quarter 2003 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 website 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 website (www.chicagobridge.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 websites 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 9596527. Both the archived webcast and telephone replay will be available until close of business May 8, 2003.

CB&I is a global specialty engineering, procurement and construction (EPC) company serving customers in several primary end markets, including hydrocarbon refining, natural gas, water and the energy sector in general. We offer a complete package of design, engineering, fabrication, procurement, construction and maintenance services. Our projects include hydrocarbon processing plants, LNG terminals and peak shaving plants, bulk liquid terminals, water storage and treatment facilities, and other steel structures and their associated systems. Information about CB&I is available at www.chicagobridge.com.