REG-Wood Group (John)PLC: Disposal <Origin Href="QuoteRef">WG.L</Origin>

John WoodAnnouncement

27/10/2017 17:21

27 October 2017

John Wood Group PLC (“Wood”)

Completion of disposal of majority of Amec Foster Wheeler’s UK North Sea
operations

On October 9 2017, WorleyParsons Europe Limited entered into a binding
agreement to acquire the majority of Amec Foster Wheeler’s UK North Sea
operations.  Wood confirms the completion today of the sale of those
operations for a cash consideration of £227 million.  The cash proceeds will
be used to reduce net debt.

The business being sold consists of the majority of Amec Foster Wheeler’s UK
upstream oil and gas business located in the UK and serving UK customers
(excluding its commissioning business, qedi).

Note to Editors:

Wood is a global leader in the delivery of project, engineering and technical
services to energy and industrial markets. We operate in more than 60
countries, employing around 55,000 people, with revenues of over $11 billion.
We provide performance-driven solutions throughout the asset life-cycle, from
concept to decommissioning across a broad range of industrial markets
including the upstream, midstream and downstream oil & gas, chemicals,
environment and infrastructure, power & process, clean energy, mining and
general industrial sectors. We strive to be the best technical services
company to work with, work for and invest in. www.woodplc.com

Enquiries:

Wood
Andrew Rose, Head of Investor Relations
                            Tel: +44 (0)1224 532716

Brunswick (Public Relations Adviser to Wood)
Patrick Handley         
                                                           
Tel: +44 (0)20 7404 5959  
Charles
Pemberton                                   

John Wood Group PLC LEI: 549300PLYY6I10B6S323



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