CB&I Schedules Third Quarter 2006 Conference Call and Webcast.

THE WOODLANDS, Texas -- CB&I (NYSE:CBI) will release its third quarter 2006 financial results before the market opens on Nov. 8, 2006. The Company will host a conference call at 9 a.m. Central time (10 a.m. EST) that day to discuss financial and operating results and answer questions from investors.

The conference call will be broadcast live over the Internet. To access the webcast and slide presentation, 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 to download and install any necessary audio software. The webcast can also be accessed from the investor relations section of CB&I's Web site (www.CBI.com) by selecting "Presentations and Webcasts".

For those who 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, a replay of the conference call can be accessed by telephone at 1-800-642-1687 (from within the U.S.) or 1-706-645-9291 (from outside the U.S.), passcode 9263305. The telephone replay will be available until close of business Nov. 15, 2006.

CB&I executes on average more than 700 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 12,000 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.CBI.com.