Foster Wheeler (FWLT) 8-K Regulation FD Disclosure

Exhibit 99.1

Exhibit 99.1

Fact Book First Quarter 2008

Foster Wheeler, Ltd. (NASDAQ: FWLT) is a leading engineering and construction contractor and power equipment supplier.

This summary document is designed to be read in conjunction with the company’s Form 10-K and Form 10-Q filings. Please see those documents for additional details and important disclosures relating to the financial data in this Fact Book. See appendices and footnotes starting on page 14 of this Fact Book.

Contents

Consolidated Highlights ..........................................................3

Business Group Data ............................................................. 4

Backlog: Global E&C Group ..................................................................5 Global Power Group ......................................................... 6 Consolidated .................................................................. 7

New Orders Booked: Global E&C Group ..................................................................8 Global Power Group ......................................................... 9 Consolidated .................................................................. 10

Consolidated Statement of Operations ......................................11 Consolidated Balance Sheet ...................................................12 Consolidated Statement of Cash Flows ..................................... 13

Appendices and Footnotes ........................................................... 14

FOSTER WHEELER LTD.
CONSOLIDATED HIGHLIGHTS
(in thousands of dollars, except share data and ratios)

	2008			2007																2006
	Q1							Q4			Q3			Q2			Q1				FY
	3/28				FY 2007			12/28			9/28			6/29			3/30				2006
Backlog (Future Revenues)	$	8,951,400			$	9,420,400		$	9,420,400		$	6,273,100		$	5,543,800		$	5,706,500			$	5,431,400
New orders booked (Future Revenues)		1,243,700				8,882,800			4,604,500			1,878,500			983,300			1,416,500				4,892,200
Operating revenues		1,795,724				5,107,243			1,465,483			1,299,872			1,189,766			1,152,122				3,495,048
Net income		138,063				393,874			78,098			129,101			71,850			114,825				261,984
Diluted earnings per share		0.95				2.72			0.54			0.89			0.50			0.80				1.72
EBITDA
Global E&C Group	$	134,460			$	505,647		$	110,283		$	129,232		$	124,999		$	141,133			$	323,297
Global Power Group		64,416				139,177			39,397			58,390			4,366			37,024				95,039
C&F Group		(3,556	)			(52,984	)		(17,712	)		(8,645	)		(10,767	)		(15,860	)			(18,822	)
Consolidated		195,320				591,840			131,968			178,977			118,598			162,297				399,514
Foster WheelerScope(FW Scope)1
Backlog	$	3,564,200			$	3,294,600		$	3,294,600		$	3,011,600		$	2,804,300		$	2,740,000			$	2,528,200
New orders booked		1,145,800				4,146,800			1,206,000			1,000,800			866,000			1,074,000				3,024,700
Operating revenues		948,871				3,557,661			1,017,621			866,562			819,025			854,453				2,793,500
Key Financial Statistics
Cash and cash equivalents	$	1,160,191			$	1,048,544		$	1,048,544		$	860,397		$	756,736		$	593,337			$	610,887
Total current assets		2,193,353				2,044,383			2,044,383			1,851,271			1,604,856			1,460,152				1,389,628
Total assets		3,443,072				3,248,988			3,248,988			3,035,509			2,771,473			2,614,979				2,565,549
Total current liabilities		1,570,461				1,523,773			1,523,773			1,433,242			1,299,891			1,214,767				1,247,603
Total debt (short and long-term debt)		212,906				205,346			205,346			199,768			197,092			203,374				202,969
Total liabilities		2,704,492				2,675,219			2,675,219			2,593,813			2,479,541			2,418,868				2,501,839
Total shareholders’ equity		736,155				571,041			571,041			439,969			289,206			194,290				62,727
Current ratio2		1.40	x			1.34	x		1.34	x		1.29	x		1.23	x		1.20	x			1.11	x
Net working capital3	$	622,892			$	520,610		$	520,610		$	418,029		$	304,965		$	245,385			$	142,025
Debt-to-total assets ratio		6.2	%			6.3	%		6.3	%		6.6	%		7.1	%		7.8	%			7.9	%

1	Definition of Scope:Metrics expressed in Foster Wheeler Scope represent that portion of our operating revenues, new orders booked and backlog on which profit is earned. Scope excludes revenues relating to third party costs incurred by us as agent or principal on a reimbursable basis (“flow-through” costs).
2	Definition of Current Ratio:Current assets divided by current liabilities.
3	Definition of Net Working Capital:Current assets minus current liabilities.

3

FOSTER WHEELER LTD.
BUSINESS GROUP DATA
(in thousands of dollars)

	2008			2007																2006
	Q1							Q4			Q3			Q2			Q1				FY
	3/28				FY 2007			12/28			9/28			6/29			3/30				2006
Global E&C Group
Operating revenues	$	1,391,001			$	3,681,259		$	1,054,443		$	951,402		$	851,245		$	824,169			$	2,219,104
Operating revenues (FW Scope)		547,208				2,144,199			609,578			521,543			483,447			529,631				1,530,300
EBITDA		134,460				505,647			110,283			129,232			124,999			141,133				323,297
EBITDA % of operating revenues		9.7	%			13.7	%		10.5	%		13.6	%		14.7	%		17.1	%			14.6	%
EBITDA % of operating revenues (FW Scope)		24.6	%			23.6	%		18.1	%		24.8	%		25.9	%		26.6	%			21.1	%
New orders booked (Future Revenues)		707,300				6,874,600			3,999,400			1,572,000			430,500			872,700				3,695,300
New orders booked (FW Scope)		612,500				2,150,800			603,500			697,800			316,200			533,300				1,839,400
Backlog (Future Revenues)		7,177,900				7,822,000			7,822,000			4,893,500			4,164,200			4,554,700				4,501,500
Backlog (FW Scope)		1,803,600				1,709,100			1,709,100			1,645,100			1,437,900			1,601,500				1,611,500
Global Power Group
Operating revenues	$	404,723			$	1,425,984		$	411,040		$	348,470		$	338,521		$	327,953			$	1,275,944
Operating revenues (FW Scope)		401,663				1,413,462			408,043			345,019			335,578			324,822				1,263,200
EBITDA		64,416				139,177			39,397			58,390			4,366			37,024				95,039
EBITDA % of operating revenues		15.9	%			9.8	%		9.6	%		16.8	%		1.3	%		11.3	%			7.4	%
EBITDA % of operating revenues (FW Scope)		16.0	%			9.8	%		9.7	%		16.9	%		1.3	%		11.4	%			7.5	%
New orders booked (Future Revenues)		536,400				2,008,200			605,100			306,500			552,800			543,800				1,196,900
New orders booked (FW Scope)		533,300				1,996,000			602,500			303,000			549,800			540,700				1,185,300
Backlog (Future Revenues)		1,773,500				1,598,400			1,598,400			1,379,600			1,379,600			1,151,800				929,900
Backlog (FW Scope)		1,760,600				1,585,500			1,585,500			1,366,500			1,366,400			1,138,500				916,700
CONSOLIDATED EBITDA
Global E&C Group	$	134,460			$	505,647		$	110,283		$	129,232		$	124,999		$	141,133			$	323,297
Global Power Group		64,416				139,177			39,397			58,390			4,366			37,024				95,039
C&F Group		(3,556	)			(52,984	)		(17,712	)		(8,645	)		(10,767	)		(15,860	)			(18,822	)
Total	$	195,320			$	591,840		$	131,968		$	178,977		$	118,598		$	162,297			$	399,514

4

FOSTER WHEELER LTD.
GLOBAL E&C GROUP — BACKLOG
(in millions of dollars)

	Q1 2008					Q4 2007					Q3 2007			Q2 2007			Q1 2007			Q4 2006
Contract Type (FW Scope)
Lump-sum turnkey	$	44.7		2.5	%	$	66.5		3.9	%	$	116.3		$	147.1		$	175.5		$	194.0		12.0	%
Other fixed-price		501.0		27.8	%		470.9		27.6	%		401.9			350.2			384.0			454.6		28.2	%
Reimbursable		1,260.8		69.9	%		1,176.8		68.9	%		1,137.4			959.7			1,073.1			996.6		61.8	%
Eliminations		(2.9	)	-0.2	%		(5.1	)	-0.3	%		(10.5	)		(19.1	)		(31.1	)		(33.7	)	-2.1	%
Total	$	1,803.6		100.0	%	$	1,709.1		100.0	%	$	1,645.1		$	1,437.9		$	1,601.5		$	1,611.5		100.0	%
Project Location (FW Scope)
North America	$	168.9		9.4	%	$	111.8		6.5	%	$	150.4		$	113.7		$	129.2		$	138.0		8.6	%
South America		21.7		1.2	%		24.7		1.4	%		6.4			11.4			20.7			27.0		1.7	%
Europe		497.4		27.6	%		398.6		23.3	%		396.4			362.2			314.1			355.8		22.1	%
Asia		522.8		29.0	%		467.5		27.4	%		604.1			433.9			472.7			396.2		24.6	%
Middle East		277.4		15.4	%		338.6		19.8	%		397.5			428.2			550.2			569.8		35.4	%
Australasia and other		315.4		17.5	%		367.9		21.5	%		90.3			88.5			114.6			124.7		7.7	%
Total	$	1,803.6		100.0	%	$	1,709.1		100.0	%	$	1,645.1		$	1,437.9		$	1,601.5		$	1,611.5		100.0	%
Industry (FW Scope)
Power generation	$	42.3		2.3	%	$	41.8		2.4	%	$	34.3		$	38.2		$	49.2		$	47.0		2.9	%
Oil refining		805.9		44.7	%		697.8		40.8	%		762.2			774.5			848.5			833.6		51.7	%
Pharmaceutical		39.8		2.2	%		39.3		2.3	%		53.4			49.6			54.5			57.0		3.5	%
Oil and gas		477.5		26.5	%		491.3		28.7	%		263.2			264.3			282.2			265.6		16.5	%
Chemical/petrochemical		418.4		23.2	%		415.5		24.3	%		491.6			278.5			355.7			407.0		25.3	%
Environmental		12.7		0.7	%		12.7		0.7	%		14.6			11.7			12.8			9.1		0.6	%
Other, net of eliminations		7.0		0.4	%		10.7		0.6	%		25.8			21.1			(1.4	)		(7.8	)	-0.5	%
Total	$	1,803.6		100.0	%	$	1,709.1		100.0	%	$	1,645.1		$	1,437.9		$	1,601.5		$	1,611.5		100.0	%
Backlog (Future Revenues)	$	7,177.9				$	7,822.0				$	4,893.5		$	4,164.2		$	4,554.7		$	4,501.5
Global E&C Group man-hours in backlog (in thousands):		14,200					13,400					13,300			11,000			12,300			11,600

5

FOSTER WHEELER LTD.
GLOBAL POWER GROUP — BACKLOG
(in millions of dollars)

	Q1 2008					Q4 2007					Q3 2007			Q2 2007			Q1 2007			Q4 2006
Contract Type (FW Scope)
Lump-sum turnkey	$	424.6		24.1	%	$	434.7		27.4	%	$	525.0		$	390.5		$	197.0		$	256.1		27.9	%
Other fixed-price		1,181.3		67.1	%		978.3		61.7	%		655.9			793.2			839.5			637.6		69.6	%
Reimbursable		166.9		9.5	%		178.3		11.2	%		186.6			185.3			108.1			24.3		2.7	%
Eliminations		(12.2	)	-0.7	%		(5.8	)	-0.4	%		(1.0	)		(2.6	)		(6.1	)		(1.3	)	-0.1	%
Total	$	1,760.6		100.0	%	$	1,585.5		100.0	%	$	1,366.5		$	1,366.4		$	1,138.5		$	916.7		100.0	%
Project Location (FW Scope)
North America	$	866.3		49.2	%	$	730.0		46.0	%	$	529.1		$	632.0		$	648.9		$	446.5		48.7	%
South America		108.3		6.2	%		132.8		8.4	%		86.9			93.2			37.0			49.2		5.4	%
Europe		662.7		37.6	%		580.0		36.6	%		616.2			496.4			321.2			338.7		36.9	%
Asia		119.7		6.8	%		137.7		8.7	%		127.7			143.1			129.7			80.0		8.7	%
Middle East		0.6		0.0	%		0.6		0.0	%		0.6			0.6			0.6			0.8		0.1	%
Australasia and other		3.0		0.2	%		4.4		0.3	%		6.0			1.1			1.1			1.5		0.2	%
Total	$	1,760.6		100.0	%	$	1,585.5		100.0	%	$	1,366.5		$	1,366.4		$	1,138.5		$	916.7		100.0	%
Industry (FW Scope)
Power generation	$	1,651.6		93.8	%	$	1,476.6		93.1	%	$	1,263.1		$	1,263.1		$	1,033.3		$	812.2		88.6	%
Power plant operation and maintenance		109.0		6.2	%		108.9		6.9	%		103.4			103.3			105.2			104.5		11.4	%
Total	$	1,760.6		100.0	%	$	1,585.5		100.0	%	$	1,366.5		$	1,366.4		$	1,138.5		$	916.7		100.0	%
Backlog (Future Revenues)	$	1,773.5				$	1,598.4				$	1,379.6		$	1,379.6		$	1,151.8		$	929.9

6

FOSTER WHEELER LTD.
CONSOLIDATED BACKLOG
(in millions of dollars)

	Q1 2008					Q4 2007					Q3 2007			Q2 2007			Q1 2007				Q4 2006
Business Segment (FW Scope)
Global E&C Group	$	1,803.6		50.6	%	$	1,709.1		51.9	%	$	1,645.1		$	1,437.9		$	1,601.5		$	1,611.5		63.7	%
Global Power Group		1,760.6		49.4	%		1,585.5		48.1	%		1,366.5			1,366.4			1,138.5			916.7		36.3	%
Total	$	3,564.2		100.0	%	$	3,294.6		100.0	%	$	3,011.6		$	2,804.3		$	2,740.0		$	2,528.2		100.0	%
Contract Type (FW Scope)
Lump-sum turnkey	$	469.3		13.2	%	$	501.2		15.2	%	$	641.3		$	537.6		$	372.5		$	450.1		17.8	%
Other fixed-price		1,682.3		47.2	%		1,449.2		44.0	%		1,057.8			1,143.4			1,223.5			1,092.2		43.2	%
Reimbursable		1,427.7		40.1	%		1,355.1		41.1	%		1,324.0			1,145.0			1,181.2			1,020.9		40.4	%
Eliminations		(15.1	)	-0.4	%		(10.9	)	-0.3	%		(11.5	)		(21.7	)		(37.2	)		(35.0	)	-1.4	%
Total	$	3,564.2		100.0	%	$	3,294.6		100.0	%	$	3,011.6		$	2,804.3		$	2,740.0		$	2,528.2		100.0	%
Project Location (FW Scope)
North America	$	1,035.2		29.0	%	$	841.8		25.6	%	$	679.5		$	745.7		$	778.1		$	584.5		23.1	%
South America		130.0		3.6	%		157.5		4.8	%		93.3			104.6			57.7			76.2		3.0	%
Europe		1,160.1		32.5	%		978.6		29.7	%		1,012.6			858.6			635.3			694.5		27.5	%
Asia		642.5		18.0	%		605.2		18.4	%		731.8			577.0			602.4			476.2		18.8	%
Middle East		278.0		7.8	%		339.2		10.3	%		398.1			428.8			550.8			570.6		22.6	%
Australasia and other		318.4		8.9	%		372.3		11.3	%		96.3			89.6			115.7			126.2		5.0	%
Total	$	3,564.2		100.0	%	$	3,294.6		100.0	%	$	3,011.6		$	2,804.3		$	2,740.0		$	2,528.2		100.0	%
Industry (FW Scope)
Power generation	$	1,693.9		47.5	%	$	1,518.4		46.1	%	$	1,297.4		$	1,301.3		$	1,082.5		$	859.2		34.0	%
Oil refining		805.9		22.6	%		697.8		21.2	%		762.2			774.5			848.5			833.6		33.0	%
Pharmaceutical		39.8		1.1	%		39.3		1.2	%		53.4			49.6			54.5			57.0		2.3	%
Oil and gas		477.5		13.4	%		491.3		14.9	%		263.2			264.3			282.2			265.6		10.5	%
Chemical/petrochemical		418.4		11.7	%		415.5		12.6	%		491.6			278.5			355.7			407.0		16.1	%
Power plant operation and maintenance		109.0		3.1	%		108.9		3.3	%		103.4			103.3			105.2			104.5		4.1	%
Environmental		12.7		0.4	%		12.7		0.4	%		14.6			11.7			12.8			9.1		0.4	%
Other, net of eliminations		7.0		0.2	%		10.7		0.3	%		25.8			21.1			(1.4	)		(7.8	)	-0.3	%
Total	$	3,564.2		100.0	%	$	3,294.6		100.0	%	$	3,011.6		$	2,804.3		$	2,740.0		$	2,528.2		100.0	%
Consolidated Backlog (Future Revenues)	$	8,951.4				$	9,420.4				$	6,273.1		$	5,543.8		$	5,706.5		$	5,431.4

Note: The above consolidated balances reflect backlog data for both the Global E&C Group and Global Power Group. Please see each group’s backlog pages for their respective breakout by Contract Type, Project Location and Industry.

7

FOSTER WHEELER LTD.
GLOBAL E&C GROUP — NEW ORDERS BOOKED
(in millions of dollars)

	Q1 2008				FY 2007				Q4 2007			Q3 2007		Q2 2007			Q1 2007		FY 2006
Project Location (FW Scope)
North America	$	104.2	17.0	%	$	118.7	5.5	%	$	0.7		$	72.3	$	17.1		$	28.6	$	182.4	9.9	%
South America		1.0	0.2	%		26.5	1.2	%		17.8			3.1		1.8			3.8		11.2	0.6	%
Europe		226.4	37.0	%		593.9	27.6	%		144.9			189.0		131.8			128.2		494.8	26.9	%
Asia		185.3	30.3	%		583.6	27.1	%		14.0			292.0		71.4			206.2		495.1	26.9	%
Middle East		56.5	9.2	%		336.3	15.6	%		79.3			90.6		72.9			93.5		476.0	25.9	%
Australasia and other		39.1	6.4	%		491.8	22.9	%		346.8			50.8		21.2			73.0		179.9	9.8	%
Total	$	612.5	100.0	%	$	2,150.8	100.0	%	$	603.5		$	697.8	$	316.2		$	533.3	$	1,839.4	100.0	%
Industry (FW Scope)
Power generation	$	8.0	1.3	%	$	51.6	2.4	%	$	31.2		$	12.7	$	(3.2	)	$	10.9	$	11.9	0.6	%
Oil refining		344.0	56.2	%		798.6	37.1	%		186.6			227.6		96.6			287.8		870.2	47.3	%
Pharmaceutical		15.4	2.5	%		60.6	2.8	%		(1.2	)		18.3		14.1			29.4		87.1	4.7	%
Oil and gas		119.6	19.5	%		697.9	32.4	%		365.1			84.8		103.0			145.0		326.6	17.8	%
Chemical/petrochemical		112.2	18.3	%		502.2	23.3	%		49.3			339.9		69.8			43.2		497.7	27.1	%
Environmental		7.6	1.2	%		15.0	0.7	%		(10.4	)		7.3		13.9			4.2		21.7	1.2	%
Other, net of eliminations		5.7	0.9	%		24.9	1.2	%		(17.1	)		7.2		22.0			12.8		24.2	1.3	%
Total	$	612.5	100.0	%	$	2,150.8	100.0	%	$	603.5		$	697.8	$	316.2		$	533.3	$	1,839.4	100.0	%
New Orders Booked (Future Revenues)	$	707.3			$	6,874.6			$	3,999.4		$	1,572.0	$	430.5		$	872.7	$	3,695.3

Note: Negative balances result when cancellations exceed new orders received in the quarter.

8

FOSTER WHEELER LTD.
GLOBAL POWER GROUP — NEW ORDERS BOOKED
(in millions of dollars)

	Q1 2008				FY 2007				Q4 2007		Q3 2007		Q2 2007		Q1 2007		FY 2006
Project Location (FW Scope)
North America	$	312.2	58.5	%	$	1,016.3	50.9	%	$	386.0	$	69.6	$	161.3	$	399.4	$	743.8	62.8	%
South America		11.7	2.2	%		144.1	7.2	%		64.7		10.8		63.3		5.3		85.9	7.2	%
Europe		191.0	35.8	%		649.6	32.5	%		118.4		196.3		274.8		60.1		268.5	22.7	%
Asia		18.2	3.4	%		172.8	8.7	%		32.6		20.0		49.4		70.8		83.7	7.1	%
Middle East		—	0.0	%		5.3	0.3	%		0.1		0.4		0.1		4.7		1.6	0.1	%
Australasia and other		0.2	0.0	%		7.9	0.4	%		0.7		5.9		0.9		0.4		1.8	0.2	%
Total	$	533.3	100.0	%	$	1,996.0	100.0	%	$	602.5	$	303.0	$	549.8	$	540.7	$	1,185.3	100.0	%
Industry (FW Scope)
Power generation	$	507.2	95.1	%	$	1,883.5	94.4	%	$	569.9	$	275.3	$	524.7	$	513.6	$	1,096.1	92.5	%
Power plant operation and maintenance		26.1	4.9	%		112.5	5.6	%		32.6		27.7		25.1		27.1		89.2	7.5	%
Total	$	533.3	100.0	%	$	1,996.0	100.0	%	$	602.5	$	303.0	$	549.8	$	540.7	$	1,185.3	100.0	%
New Orders Booked (Future Revenues)	$	536.4			$	2,008.2			$	605.1	$	306.5	$	552.8	$	543.8	$	1,196.9

9

FOSTER WHEELER LTD.
CONSOLIDATED NEW ORDERS BOOKED
(in millions of dollars)

	Q1 2008					FY 2007				Q4 2007			Q3 2007		Q2 2007		Q1 2007		FY 2006
Business Segment (FW Scope)
Global E&C Group	$	612.5		53.5	%	$	2,150.8	51.9	%	$	603.5		$	697.8	$	316.2	$	533.3	$	1,839.4	60.8	%
Global Power Group		533.3		46.5	%		1,996.0	48.1	%		602.5			303.0		549.8		540.7		1,185.3	39.2	%
Total	$	1,145.8		100.0	%	$	4,146.8	100.0	%	$	1,206.0		$	1,000.8	$	866.0	$	1,074.0	$	3,024.7	100.0	%
			��
Project Location (FW Scope)
North America	$	416.4		36.3	%	$	1,135.0	27.4	%	$	386.7		$	141.9	$	178.4	$	428.0	$	926.2	30.6	%
South America		12.7		1.1	%		170.6	4.1	%		82.5			13.9		65.1		9.1		97.1	3.2	%
Europe		417.4		36.4	%		1,243.5	30.0	%		263.3			385.3		406.6		188.3		763.3	25.2	%
Asia		203.5		17.8	%		756.4	18.2	%		46.6			312.0		120.8		277.0		578.8	19.1	%
Middle East		56.5		4.9	%		341.6	8.2	%		79.4			91.0		73.0		98.2		477.6	15.8	%
Australasia and other		39.3		3.4	%		499.7	12.1	%		347.5			56.7		22.1		73.4		181.7	6.0	%
Total	$	1,145.8		100.0	%	$	4,146.8	100.0	%	$	1,206.0		$	1,000.8	$	866.0	$	1,074.0	$	3,024.7	100.0	%
Industry (FW Scope)
Power generation	$	515.2		45.0	%	$	1,935.1	46.7	%	$	601.1		$	288.0	$	521.5	$	524.5	$	1,108.0	36.6	%
Oil refining		344.0		30.0	%		798.6	19.3	%		186.6			227.6		96.6		287.8		870.2	28.8	%
Pharmaceutical		15.4		1.3	%		60.6	1.5	%		(1.2	)		18.3		14.1		29.4		87.1	2.9	%
Oil and gas		119.6		10.4	%		697.9	16.8	%		365.1			84.8		103.0		145.0		326.6	10.8	%
Chemical/petrochemical		112.2		9.8	%		502.2	12.1	%		49.3			339.9		69.8		43.2		497.7	16.5	%
Power plant operation and maintenance		26.1		2.3	%		112.5	2.7	%		32.6			27.7		25.1		27.1		89.2	2.9	%
Environmental		7.6		0.7	%		15.0	0.4	%		(10.4	)		7.3		13.9		4.2		21.7	0.7	%
Other, net of eliminations		5.7		0.5	%		24.9	0.6	%		(17.1	)		7.2		22.0		12.8		24.2	0.8	%
Total	$	1,145.8		100.0	%	$	4,146.8	100.0	%	$	1,206.0		$	1,000.8	$	866.0	$	1,074.0	$	3,024.7	100.0	%
Consolidated New Orders Booked (Future Revenues)	$	1,243.7				$	8,882.8			$	4,604.5		$	1,878.5	$	983.3	$	1,416.5	$	4,892.2

Note 1:	Negative balances result when cancellations exceed new orders received in the quarter.
Note 2:	The above consolidated balances reflect new orders booked data for both the Global E&C Group and Global Power Group. Please see each group’s new orders booked pages for their respective breakout by Contract Type, Project Location and Industry.

10

FOSTER WHEELER LTD.
CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands of dollars, except share data and per share amounts)

	2008			2007															2006
	Q1			FY			Q4			Q3			Q2			Q1			FY
	3/28			2007			12/28			9/28			6/29			3/30			2006
Operating revenues	$	1,795,724		$	5,107,243		$	1,465,483		$	1,299,872		$	1,189,766		$	1,152,122		$	3,495,048
Cost of operating revenues		(1,578,753	)		(4,362,922	)		(1,295,480	)		(1,101,912	)		(1,020,920	)		(944,610	)		(2,987,261	)
Contract profit		216,971			744,321			170,003			197,960			168,846			207,512			507,787
Selling, general & administrative expenses		(64,896	)		(246,237	)		(66,158	)		(62,686	)		(62,305	)		(55,088	)		(225,330	)
Other income		19,534			61,410			17,680			22,319			15,647			5,764			48,610
Other deductions		(11,891	)		(45,540	)		(12,465	)		(7,672	)		(17,231	)		(8,172	)		(45,453	)
Interest income		10,531			35,627			11,364			12,467			6,044			5,752			15,119
Interest expense		(6,151	)		(19,855	)		(5,203	)		(4,716	)		(5,211	)		(4,725	)		(24,944	)
Minority interest in income of consolidated affiliates		(473	)		(5,577	)		(539	)		(1,765	)		(964	)		(2,309	)		(4,789	)
Net asbestos-related gains/(provision)		14,188			6,145			(2,488	)		8,633			—			—			100,131
Prior domestic senior credit agreement fees and expenses		—			—			—			—			—			—			(14,955	)
Loss on debt reduction initiatives		—			—			—			—			—			—			(12,483	)
Income before income taxes		177,813			530,294			112,194			164,540			104,826			148,734			343,693
Provision for income taxes		(39,750	)		(136,420	)		(34,096	)		(35,439	)		(32,976	)		(33,909	)		(81,709	)
Net income	$	138,063		$	393,874		$	78,098		$	129,101		$	71,850		$	114,825		$	261,984
Basic EPS	$	0.96		$	2.78		$	0.54		$	0.91		$	0.51		$	0.82		$	1.82
Diluted EPS	$	0.95		$	2.72		$	0.54		$	0.89		$	0.50		$	0.80		$	1.72
EBITDA	$	195,320		$	591,840		$	131,968		$	178,977		$	118,598		$	162,297		$	399,514
Other comprehensive income/(loss):
Net income	$	138,063		$	393,874		$	78,098		$	129,101		$	71,850		$	114,825		$	261,984
Foreign currency translation adjustments		21,062			31,939			12,444			10,113			4,318			5,064			31,612
Net (loss)/gain on derivative instruments designated as cash flow hedges, net of tax		(2,355	)		1,331			52			(587	)		1,513			353			342
Pension and other postretirement benefits, net of tax		3,701			48,958			37,076			3,984			3,848			4,050			40,087
Comprehensive income	$	160,471		$	476,102		$	127,670		$	142,611		$	81,529		$	124,292		$	334,025
EPS Computations:
Net income	$	138,063		$	393,874		$	78,098		$	129,101		$	71,850		$	114,825		$	261,984
Fair value of additional shares issued as part of warrant offers		—			—			—			—			—			—			(19,445	)
Net income for EPS computation	$	138,063		$	393,874		$	78,098		$	129,101		$	71,850		$	114,825		$	242,539
Weighted-average number of common shares outstanding for basic EPS		143,917,790			141,661,046			143,540,329			142,517,528			141,078,576			139,507,752			132,996,384
Weighted-average number of common shares outstanding for diluted EPS		145,298,514			144,748,222			145,155,401			145,092,464			144,622,042			143,531,056			141,217,976

11

FOSTER WHEELER LTD.
CONSOLIDATED BALANCE SHEET
(in thousands of dollars)

	2008			2007													2006
	Q1			Q4			Q3			Q2				Q1			Q4
	3/28			12/28			9/28			6/29				3/30			12/29
ASSETS
Current Assets:
Cash and cash equivalents	$	1,160,191		$	1,048,544		$	860,397		$	756,736			$	593,337		$	610,887
Accounts and notes receivable, net:
Trade		575,171			580,883			563,854			454,834				515,485			483,819
Other		134,113			98,708			123,623			101,104				87,699			83,497
Contracts in process		239,918			239,737			239,697			240,535				210,521			159,121
Prepaid, deferred and refundable income taxes		39,162			36,532			27,401			21,761				21,305			21,016
Other current assets		44,798			39,979			36,299			29,886				31,805			31,288
Total current assets		2,193,353			2,044,383			1,851,271			1,604,856		��		1,460,152			1,389,628
Land, buildings and equipment, net		349,903			337,485			326,886			304,031				302,145			302,488
Restricted cash		36,183			20,937			22,684			26,130				19,263			19,080
Notes and accounts receivable - long-term		2,564			2,941			2,980			3,051				5,069			5,395
Investments in and advances to unconsolidated affiliates		220,748			198,346			191,406			169,182				160,251			167,186
Goodwill, net		62,672			53,345			52,052			51,731				51,648			51,573
Other intangible assets, net		64,869			61,190			61,953			62,044				62,733			62,004
Asbestos-related insurance recovery receivable		307,053			324,588			311,279			335,862				339,047			350,322
Other assets		94,781			93,737			95,116			91,103				90,369			91,081
Deferred income taxes		110,946			112,036			119,882			123,483				124,302			126,792
TOTAL ASSETS	$	3,443,072		$	3,248,988		$	3,035,509		$	2,771,473			$	2,614,979		$	2,565,549
LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current installments on long-term debt	$	19,520		$	19,368		$	24,567		$	22,192			$	21,132		$	21,477
Accounts payable		327,591			372,531			323,391			288,948				258,387			263,715
Accrued expenses		308,153			331,814			328,608			297,385				268,063			288,658
Billings in excess of costs and estimated earnings on uncompleted contracts		835,542			744,236			686,805			615,029				603,150			622,422
Income taxes		79,655			55,824			69,871			76,337				64,035			51,331
Total current liabilities		1,570,461			1,523,773			1,433,242			1,299,891				1,214,767			1,247,603
Long-term debt		193,386			185,978			175,201			174,900				182,242			181,492
Deferred income taxes		81,998			81,008			70,395			68,983				68,511			66,048
Pension, postretirement and other employee benefits		285,915			290,741			344,615			345,918				348,178			385,976
Asbestos-related liability		359,429			376,803			363,478			384,824				401,659			424,628
Other long-term liabilities		186,735			185,143			176,427			173,577				173,357			166,169
Deferred accrued interest on subordinated deferrable interest debentures		—			—			—			—				—			—
Minority Interest		26,568			31,773			30,455			31,448				30,154			29,923
Commitments and contingencies
TOTAL LIABILITIES		2,704,492			2,675,219			2,593,813			2,479,541				2,418,868			2,501,839
Temporary Equity:
Non-vested restricted awards subject to redemption		2,425			2,728			1,727			2,726				1,821			983
TOTAL TEMPORARY EQUITY		2,425			2,728			1,727			2,726				1,821			983
Shareholders’ Equity:
Preferred shares		—			—			—			—				—			—
Common shares		1,441			1,439			1,434			1,422				1,404			1,382
Paid-in capital		1,389,952			1,385,311			1,381,914			1,373,774				1,360,405			1,348,800
Accumulated deficit		(416,532	)		(554,595	)		(632,693	)		(761,794	)			(833,644	)		(944,113	)
Accumulated other comprehensive loss		(238,706	)		(261,114	)		(310,686	)		(324,196	)			(333,875	)		(343,342	)
TOTAL SHAREHOLDERS’ EQUITY		736,155			571,041			439,969			289,206				194,290			62,727
TOTAL LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ EQUITY	$	3,443,072		$	3,248,988		$	3,035,509		$	2,771,473			$	2,614,979		$	2,565,549

12

FOSTER WHEELER LTD.
CONSOLIDATED STATEMENT OF CASH FLOWS
(in thousands of dollars)

	YTD			FY			FY
	3/28/2008			2007			2006
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	138,063		$	393,874		$	261,984
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization		11,356			41,691			30,877
Net asbestos-related (gains)/provision		(14,188	)		7,374			(66,603	)
Loss on debt reduction initiatives		—			—			5,206
Prior domestic senior credit agreement fees and expenses		—			—			9,488
Share-based compensation expense		2,494			7,095			16,474
Excess tax benefit related to equity-based incentive program		(29	)		(4,694	)		(2,796	)
Deferred tax		2,528			31,937			14,302
Gain on sale of assets		16			(7,657	)		(1,464	)
Equity in net earnings of partially-owned affiliates, net of dividends		(11,782	)		(18,897	)		(7,837	)
Other noncash items		452			(3,785	)		(4,555	)
Changes in assets and liabilities:
Decrease/(Increase) in receivables		19,104			(83,930	)		(225,158	)
Net change in contracts in process and billings in excess of costs and estimated earnings on uncompleted contracts		63,886			25,833			177,350
(Decrease)/increase in accounts payable and accrued expenses		(105,133	)		123,968			39,908
Increase/(decrease) in income taxes		21,910			(7,295	)		27,614
Net change in other assets and liabilities		(14,254	)		(80,315	)		(11,129	)
Net cash provided by operating activities		114,423			425,199			263,661
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of business, net of cash acquired		(7,740	)		(6,319	)		457
Change in restricted cash		(13,424	)		(856	)		8,940
Capital expenditures		(14,536	)		(51,295	)		(30,293	)
Proceeds from sale of assets		65			7,567			1,914
Increase in investments in and advances to unconsolidated affiliates		(1,070	)		(1,382	)		(6,573	)
Return of investment from unconsolidated affiliates		—			6,324			—
Net cash used in investing activities		(36,705	)		(45,961	)		(25,555	)
CASH FLOWS FROM FINANCING ACTIVITIES
Partnership distributions to minority partners		(6,684	)		(2,063	)		(1,950	)
Proceeds from common share purchase warrant exercises		298			8,448			75,683
Proceeds from stock option exercises		1,520			18,076			17,595
Excess tax benefit related to share-based compensation		29			4,694			2,796
Payment of deferred financing costs		—			—			(5,710	)
Proceeds from issuance of long-term debt		3,107			15,628			2,138
Repayment of long-term debt and capital lease obligations		(420	)		(6,598	)		(90,082	)
Net cash (used in)/provided by financing activities		(2,150	)		38,185			470
Effect of exchange rate changes on cash and cash equivalents		36,079			20,234			21,642
INCREASE IN CASH AND CASH EQUIVALENTS		111,647			437,657			260,218
Cash and cash equivalents at beginning of year		1,048,544			610,887			350,669
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1,160,191		$	1,048,544		$	610,887

13

FOSTER WHEELER LTD.
APPENDIX 1: EBITDA RECONCILIATION AND FOOTNOTES
(in thousands of dollars)

	2008			2007															2006
	Q1			FY			Q4			Q3			Q2			Q1			FY
	3/28			2007			12/28			9/28			6/29			3/30			2006
EBITDA	$	195,320		$	591,840		$	131,968		$	178,977		$	118,598		$	162,297		$	399,514
Less: Interest expense		(6,151	)		(19,855	)		(5,203	)		(4,716	)		(5,211	)		(4,725	)		(24,944	)
Less: Depreciation and amortization		(11,356	)		(41,691	)		(14,571	)		(9,721	)		(8,561	)		(8,838	)		(30,877	)
Income before income taxes		177,813			530,294			112,194			164,540			104,826			148,734			343,693
Provision for income taxes		(39,750	)		(136,420	)		(34,096	)		(35,439	)		(32,976	)		(33,909	)		(81,709	)
Net income	$	138,063		$	393,874		$	78,098		$	129,101		$	71,850		$	114,825		$	261,984

FOOTNOTES:

Q1 2008

Net income and EBITDA included: a charge of $(1,725) in our C&F Group related to the revaluation of our estimated asbestos liability and asbestos insurance receivable and a net gain of $15,913 on the settlement with an asbestos insurance carrier recorded in our C&F Group.

FY 2007

Net income and EBITDA included: a charge of $(7,374) in our C&F Group related to the revaluation of our estimated asbestos liability and asbestos insurance receivable and a net gain of $13,519 on the settlements with asbestos insurance carriers recorded in our C&F Group.

Q4 2007

Net income and EBITDA included: a charge of $(7,374) in our C&F Group related to the revaluation of our estimated asbestos liability and asbestos insurance receivable and a net gain of $4,886 on the settlements with asbestos insurance carriers recorded in our C&F Group.

Q3 2007

Net income and EBITDA included: net asbestos-related gains of $8,633 in our C&F Group.

FY 2006

Net income and EBITDA included: net asbestos-related gains of $100,131 in our C&F Group; an aggregate charge of $(14,955) in our C&F Group related to the voluntary termination of our prior domestic senior credit agreement; a net charge of $(12,483) in our C&F Group related to the debt reduction initiatives completed in April and May 2006; and costs of $(7,121) associated with the wind-down of our Global Power Group’s Canadian office.

14

FOSTER WHEELER LTD.
APPENDIX 2: Reconciliation of Foster Wheeler Scope Operating Revenues to Operating Revenues
(in thousands of dollars)

	2008		2007										2006
	Q1		FY		Q4		Q3		Q2		Q1		FY
	3/28		2007		12/28		9/28		6/29		3/30		2006
Global E & C Group
Operating revenues - in Foster Wheeler Scope	$	547,208	$	2,144,199	$	609,578	$	521,543	$	483,447	$	529,631	$	1,530,300
Flow-through revenues		843,793		1,537,060		444,865		429,859		367,798		294,538		688,804
Operating revenues		1,391,001		3,681,259		1,054,443		951,402		851,245		824,169		2,219,104
Global Power Group
Operating revenues - in Foster Wheeler Scope		401,663		1,413,462		408,043		345,019		335,578		324,822		1,263,200
Flow-through revenues		3,060		12,522		2,997		3,451		2,943		3,131		12,744
Operating revenues		404,723		1,425,984		411,040		348,470		338,521		327,953		1,275,944
Consolidated Total
Operating revenues - in Foster Wheeler Scope		948,871		3,557,661		1,017,621		866,562		819,025		854,453		2,793,500
Flow-through revenues		846,853		1,549,582		447,862		433,310		370,741		297,669		701,548
Operating revenues	$	1,795,724	$	5,107,243	$	1,465,483	$	1,299,872	$	1,189,766	$	1,152,122	$	3,495,048

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FOSTER WHEELER LTD.

FOOTNOTES

Definition of Scope:Metrics expressed in Foster Wheeler scope represent that portion of our operating revenues, new orders booked and backlog on which profit is earned. Scope excludes revenues relating to third party costs incurred by us as agent or principal on a reimbursable basis (“flow-through” costs).

Safe Harbor Statement:

This fact book may contain forward-looking statements that are based on the Company’s assumptions, expectations and projections about Foster Wheeler and the various industries within which it operates. These include statements regarding the Company’s expectation about revenues (including as expressed by its backlog), its liquidity, the outcome of litigation and legal proceedings and recoveries from customers for claims, and the costs of current and future asbestos claims and the amount and timing of related insurance recoveries. Such forward-looking statements by their nature involve a degree of risk and uncertainty. The Company cautions that a variety of factors, including but not limited to the factors described under “Risk Factors” in its most recent quarterly report on Form 10-Q or annual report on Form 10-K and the following could cause business conditions and results to differ materially from what is contained in forward-looking statements: changes in the rate of economic growth in the United States and other major international economies; changes in investment by the oil and gas, oil refining, chemical/petrochemical and power industries; changes in the financial condition of the Company’s customers; changes in regulatory environments; changes in project design or schedules; contract cancellations; changes in the Company’s estimates of costs to complete projects; changes in trade, monetary and fiscal policies worldwide; compliance with laws and regulations relating to its global operations; currency fluctuations; war and/or terrorist attacks on facilities either owned or where equipment or services are or may be provided; interruptions to shipping lanes or other methods of transit; outcomes of pending and future litigation, including litigation regarding the Company’s liability for damages and insurance coverage for asbestos exposure; protection and validity of the Company’s patents and other intellectual property rights; increasing competition by foreign and domestic companies; compliance with the Company’s debt covenants; recoverability of claims against the Company’s customers and others by the Company and claims by third parties against the Company; and changes in estimates used in the Company’s critical accounting policies. Other factors and assumptions not identified above were also involved in the formation of these forward-looking statements and the failure of such other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by the Company. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K filed with the Securities and Exchange Commission.

Calculation of EBITDA: EBITDA is a supplemental financial measure not defined in generally accepted accounting principles, or GAAP. The Company defines EBITDA as income before interest expense, income taxes, depreciation and amortization. The Company has presented EBITDA because it believes it is an important supplemental measure of operating performance. EBITDA, after adjustment for certain unusual and infrequent items specifically excluded in the terms of the Company’s current and prior senior credit agreements, is used for certain covenants under its current and prior senior credit agreements. The Company believes that the line item on its consolidated statements of operations and comprehensive income/(loss) entitled “net income/(loss)” is the most directly comparable GAAP financial measure to EBITDA.

Since EBITDA is not a measure of performance calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, net income as an indicator of operating performance or any other GAAP financial measure. EBITDA, as calculated by the Company, may not be comparable to similarly titled measures employed by other companies. In addition, this measure does not necessarily represent funds available for discretionary use, and is not necessarily a measure of the Company’s ability to fund its cash needs. As EBITDA excludes certain financial information that is included in net income/(loss), users of this financial information should consider the type of events and transactions that are excluded.

The Company’s non-GAAP performance measure, EBITDA, has certain material limitations as follows:

•  It does not include interest expense. Because the Company has borrowed money to finance some of its operations, interest is a necessary and ongoing part of its costs and has assisted the Company in generating revenue. Therefore, any measure that excludes interest has material limitations;

•  It does not include taxes. Because the payment of taxes is a necessary and ongoing part of the Company’s operations, any measure that excludes taxes has material limitations; and

•  It does not include depreciation and amortization. Because the Company must utilize property, plant and equipment and intangible assets in order to generate revenues in its operations, depreciation and amortization are necessary and ongoing costs of its operations. Therefore, any measure that excludes depreciation and amortization has material limitations.

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