Foster Wheeler Awarded Environmental Contract in Albania by United Nations

02/12/2009


ZUG, SWITZERLAND, December 3, 2009--Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a consultancy contract by the United Nations Development Program (UNDP) to conduct environmental impact assessments of ten high-priority contaminated areas in Albania.

Foster Wheeler’s contract value, which was not disclosed, was included in the company’s third-quarter 2009 bookings.

The contract is part of a major remediation program funded by the government of the Netherlands to support the Albanian government in achieving its objective to rehabilitate polluted areas to meet basic safety standards through intervention in -hot spot” areas and elimination of toxic materials.

Foster Wheeler will undertake the design for decontamination of the high priority areas and management of the whole project. The company’s Albanian and Greek technical partners for this project will manage the relationships with the Public Authorities and will execute the Environmental Impact Studies.

In addition, Foster Wheeler will organize meetings and workshops to keep the local stakeholders informed about the remediation and clean-up plan for the high priority areas.

The project is expected to be completed by first quarter 2010.

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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Foster Wheeler AG
United States
Maureen Bingert, 908-730-4444
maureen_bingert@fwc.com
or
Italy
Cristiana Monti, +39 02 4486 2135
cristiana_monti@fwceu.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
fw@fwc.com

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