Update on Commercial Arrangement Discussions wi...

13 May 2011 Update on Commercial Arrangement Discussions with GE Energy Manufacturing Inc ("GE") In connection with the disposal of the Well Support division, John Wood Group PLC ("Wood Group") and GE agreed to discuss the possibility of some commercial co-operation in part of Wood Group's gas turbine activities. Such negotiations have not resulted in agreement of a mutually acceptable commercial co-operation and GE will therefore pay Wood Group an additional $50m, in line with the agreement of 14 February. - ends - Notes to editors: Wood Group is an international energy services company with $5.5bn revenues, employing around 34,000 people and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and Gas Turbine Services - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com Enquiries: Wood Group Nick Gilman / Carolyn Smith 01224 851 000 Brunswick Patrick Handley 020 7404 5959 Nina Coad
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