CB&I Declares Interim Common Stock Dividend

CB&I (NYSE:CBI) has declared an interim dividend on common stock of $0.03 per share, payable Dec. 29, 2006, to shareholders of record Dec. 19, 2006. CB&I executes on average more than 700 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 12,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBI.com.