The report is
updated regularly to provide benchmarks and forecasts to formulate timely
decision-making.

forecasters microeconomic

The analysis of financial scenario, macroeconomic performance , industry
sectors and the business-operating environment gives a holistic view of the
economic performance of the country; this helps in tapping potential business
opportunities. Country Overview

2.

icea economists

Foster Wheeler Ltd.

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(OTCBB: FWHLF) announced today that, subsequent to its November
29 , 2004 shareholders meeting, 544,724 or 90. As a result, the total number of the Company's
outstanding Common Shares at the close of business on January 31, 2005
was 41,860,058, and the Company's common share market capitalization
was approximately $622 million.
Michael Porter's Five Forces Analysis , PEST and SWOT analysis support the
analysis in each industry sector. Foreign Investment in the Country: An Analysis

7.

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These Preferred Shares are convertible into an
additional 3,589,281 Common Shares. The report focuses on providing
packaged information to potential investors looking for business opportunities
in the country.

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Notes to Editor:

1. The report assesses the monetary , fiscal and foreign policies
that the country follows to ensure future growth.
The primary audience for this report is managers involved with the highest
levels of the strategic planning process , and consultants who help their
clients with this task.

glaisdale reckon

is a global company offering, through its
subsidiaries, a broad range of design, engineering, construction,
manufacturing, project development and management, research and plant
operation services. Safe Harbor Statement

This news release contains forward-looking statements that are
based on management's assumptions, expectations and projections about
the company and the various industries within which the company
operates. Most of these factors are difficult
to predict accurately and are generally beyond our control.

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The
performance and business strategies of the leading companies in each sector of
the economy have also been analysed .

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8% of its Series B
Convertible Preferred Shares have been converted into 35,407,060
Common Shares .

Research and Markets: Examine This Strategic Assessment of Mongolia 2005

com/cgi-bin/prnh/20040820 /RESEARCH )
This country analysis report gives unparallel access to in-depth analysis
of the business environment in Mongolia.

The contents of this report are as follows:

Introduction + Methodology
- What does this report cover?

1. Industry Analysis: Comprehensive Insight

8.

forecasters microeconomic

(Logo: http://www. The report assesses risk of doing business in Mongolia and
includes analysis of political, commercial, and economic risk.

forecastcenter baseline

Foster Wheeler Updates Capital Share Information; 41 860 058 Common Shares Outstanding

As previously announced, the Series B Convertible Preferred Shares
ceased to have voting rights immediately following the Company 's
shareholders meetings on November 29, 2004, except in limited
circumstances as required under Bermuda law and the Company's
bye-laws. Additionally, it provides an
in-depth analysis of the government regulations in force, the protection given
to the domestic industries, the taxation structure , import and export policies
and every factor that favours or restricts potential investment in a
particular sector.researchandmarkets.

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Government Regulations, Initiatives and Support

5.

The category deals with information concerning forecasting and economic consulting services performed and/or available through firms providing professional economic services.

forecasting economists

These include statements regarding our expectations
regarding revenues (including as expressed by our backlog), 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.com/reports /c17729 ) has announced the addition
of A Strategic Assessment of Mongolia, 2005 Edition to their offering.

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The holders of Series B Convertible Preferred Shares will not be
entitled to vote their shares at the Company's upcoming 2005 Annual
General Meeting of Shareholders, unless they convert their Series B
Convertible Preferred Shares into Common Shares (65 Common Shares for
each Preferred Share converted) prior to March 11, 2005. Foster Wheeler serves the refining, upstream oil
and gas , LNG and gas-to-liquids, petrochemicals, chemicals, power,
pharmaceuticals, biotechnology and healthcare industries.fwc. DUBLIN, Ireland, Research and Markets
(http://www. Capital Markets: Performance Analysis

6.

ceteris acil

55,220 Series B Convertible Preferred Shares remain outstanding as
of January 31, 2005. The user will not only benefit from the hundreds of
hours that went into the methodology and its application, but also from its
alternative perspective on strategic planning in Mongolia .

macroeconomic rbb

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.
The report also provides comprehensive insights into the industry sectors.

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researchandmarkets.newscom.

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The Annual
General Meeting is currently scheduled for May 10, 2005.com
Fax: +353 1 4100 980

icea encountered

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 the heading
"Business--Risk Factors of the Business" in the company's most recent
annual report on Form 10-K/A and the following, could cause the
company's 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 power, oil and gas,
pharmaceutical, chemical/petrochemical and environmental industries,
changes in the financial condition of our customers, changes in
regulatory environment, changes in project design or schedules,
contract cancellations, changes in estimates made by the company of
costs to complete projects, changes in trade, monetary and fiscal
policies worldwide, currency fluctuations , war and/or terrorist
attacks on facilities either owned or where equipment or services are
or may be provided, outcomes of pending and future litigation,
including litigation regarding our liability for damages and insurance
coverage for asbestos exposure, protection and validity of patents and
other intellectual property rights, increasing competition by foreign
and domestic companies, changes in financial markets, compliance with
debt covenants, monetization of certain power systems facilities,
implementation of our restructuring plan, recoverability of claims
against customers and others, changes in estimates used in critical
accounting policies. You should
consider the areas of risk described above in connection with any
forward-looking statements that may be made by us. Macroeconomics Analysis

3. Membership and important Trade Pacts

4.

encountered 2025

The
corporation is based in Hamilton, Bermuda, and its operational
headquarters are in Clinton, New Jersey, USA.com

2.
From finance industry information, pharmaceutical, to telecommunications
insights and from the retail to media and entertainment industry, the report
analyses and draws conclusion that reflect the most promising and the most
vulnerable sectors of the economy. Furthermore , the report analyses
competition, growth, and performance of the key industries in the country.

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Business Editors/Energy Editors

HAMILTON, Bermuda----Foster Wheeler
Ltd. Risk Analysis: Comprehensive Analysis

9.

antitrust damages

com/reports/c17729

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

economists calero

For more information
about Foster Wheeler, visit our Web site at http://www. Most attractive and most vulnerable sectors for foreign investment

For more information visit
http://www.

reckon assumptions

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