Foster Wheeler Receives Contract for Boiler Island in Poland

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Elektrobudowa S.A. for the design, supply and erection of a 50 MWe (gross megawatt electric) circulating fluidized-bed (CFB) boiler island for the Tychy Heat and Power Station in Poland, which is owned by TAURON Polska Energia S.A.

Foster Wheeler has received a full notice to proceed on this contract, and the contract value will be included in the company’s bookings for the third-quarter of 2013. Commercial operation of the new steam generator is scheduled for the middle of 2016.

Foster Wheeler will design and supply the steam generator and auxiliary equipment, and will carry out the erection and commissioning of the boiler island. The steam generator will be designed to burn local Polish bituminous coal.

“This award exemplifies TAURON’s continued confidence in Foster Wheeler’s highly reliable and environmentally friendly CFB design,” said Jarosław Mlonka, President and Chief Executive Officer of Foster Wheeler Energia Polska. “Five of our CFB steam generators are currently online at existing TAURON plants, including the 460 MWe supercritical CFB steam generator at the Łagisza Power Plant in Poland.”

“We look forward to working with Foster Wheeler on this project and are fully confident in Foster Wheeler’s high quality CFB product and extensive experience in project execution,” said Jacek Faltynowicz, Elektrobudowa S.A. Chief Executive Officer. “Executing the engineering, procurement and construction (EPC) contract for this new unit at the Tychy Heat and Power Station is a significant step for Elektrobudowa to strengthen our position and capabilities in power projects in Poland.”

Foster Wheeler AG is a global engineering and construction company 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, minerals and metals, 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 Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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