Foster Wheeler to Upgrade Second Unit at Endesa's as Pontes Power Plant in Spain.

HAMILTON, Bermuda -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that Foster Wheeler Energia, S.A. (FWESA), part of Foster Wheeler's Global Power Group, has been authorized by Endesa, Spain's largest utility, to proceed with an upgrade of the second of four steam generating units at Endesa's As Pontes power plant at La Coruna, Spain. The terms of the award, which will be included in the company's fourth-quarter bookings, were not disclosed.

The four boilers at the As Pontes plant, rated at 350 MWe each, were originally supplied by Foster Wheeler. They were designed to fire local brown coal, and were commissioned between 1976 and 1979. Foster Wheeler modified the units between 1993 and 1996 to fire up to 50 percent imported coal.

Under a contract signed with Endesa in 2003, FWESA and its partner, Duro Felguera S.A., a Spanish manufacturing and construction contractor, are carrying out a further phased upgrade of all four boilers to burn 100 percent low-sulfur imported coal. Upgrade of the first unit began in 2005 and the unit is now in commercial operation. Authorization to proceed has now been given by Endesa for the upgrade of the second unit.

"Endesa's election of the option for the second upgrade is an important milestone for Foster Wheeler," said Eric Svendsen, chief executive officer, Foster Wheeler Energia, S.A. "It demonstrates Endesa's confidence in the quality of our project execution, following the start-up of the first unit in 2005. Endesa is a strategic customer that is actively considering investments in new large coal-fired supercritical units and we look forward to strengthening further our relationship with this client."

Notes to Editors:

1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the refining, upstream oil and gas, LNG and gas-to-liquids, petrochemical, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, visit our Web site at www.fwc.com.

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