Foster Wheeler AG (Nasdaq: FWLT) plans to hold a conference call on Thursday, August 5, at 4:00 p.m. Central European Summer Time (10:00 a.m. Eastern Time in the U.S.) to discuss its financial results for the second quarter ended June 30, 2010. The company expects to release the results the same day, before the U.S. markets open.

The call will be accessible to the public by telephone or webcast, and the company will post an accompanying slide presentation in the investor relations section of its website (www.fwc.com). To listen to the call by telephone, dial 973-935-8752 (conference I.D. No. 83954669) approximately ten minutes before the call.

The conference call will also be available over the Internet at www.fwc.com or through StreetEvents at www.streetevents.com.

A replay of the call will be available on the company’s website as well as by telephone. The replay can be accessed on the company’s website for four weeks following the call. The replay will be available by telephone for one week following the call and can be accessed by dialing 706-645-9291 (replay passcode 83954669 required).

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 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 office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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