Exhibit 99.1




                  FOSTER WHEELER PLANS TO APPEAL CALIFORNIA VERDICT


     HAMILTON,  BERMUDA,  April 1, 2002--Foster Wheeler Ltd. (NYSE:FWC) reported
today  that it  intends  to  move  to set  aside  a  verdict  returned  by a San
Francisco,  California  jury on March 26, 2002 finding Foster Wheeler liable for
$10.6 million.

     The case, TODAK VS. FOSTER WHEELER CORPORATION,  was brought against Foster
Wheeler,  the U. S. Navy and  several  other  companies  by a  59-year-old  male
suffering from mesothelioma  which allegedly resulted from exposure to asbestos.
The company's  financial  obligation that may ultimately  result from entry of a
judgment in this case will be paid by insurance.

     According to Thomas R. O'Brien, Foster Wheeler's general counsel, there was
no credible  evidence  presented  by  plaintiff  that he was exposed to asbestos
contained in a Foster  Wheeler  product.  In  addition,  the verdict was clearly
excessive and should be set aside or reduced on appeal.

     Foster Wheeler has for years been vigorously  defending claims presented to
it where proof does not establish causal relationship between plaintiff's injury
and a Foster Wheeler activity.  The success of this strategy is evidenced by the
fact that Todak is the first  plaintiff  awarded  damages  in a verdict  against
Foster  Wheeler and  finding  that  Foster  Wheeler is liable for a  plaintiff's
injury.

     O'Brien added that the company's claims handling  process,  which is almost
entirely funded by insurance,  will continue. The objective of the program is to
attempt to settle all claims brought by individuals  who present proof of actual
injury  caused  at least in part by a Foster  Wheeler  activity  and  vigorously
defend  those cases  brought by  unimpaired  claimants  and those  where  Foster
Wheeler  products or operations are not proved to be involved.  This program has
thus far resulted in relatively low case disposition costs and a high percentage
of dismissals with no payment.

                                      # # #


                                                                        MORE...





Note to Editors:

Foster Wheeler Ltd. is a global company offering,  through its  subsidiaries,  a
broad  range  of  design,  engineering,  construction,   manufacturing,  project
development  and  management,   research,   plant  operation  and  environmental
services.  The  corporation is based in Hamilton,  Bermuda,  and its operational
headquarters  are in Clinton,  N.J. For more  information  about Foster Wheeler,
visit our World-Wide Web site at www.fwc.com.

                                      # # #


04-01-02

MEDIA CONTACT:  Alastair Davie  908-730-4444

SHAREHOLDER CONTACT:  John Doyle 908-730-4270

OTHER INQUIRIES:  908-730-4000