Acquisition

Wood Group (John) PLC 22 July 2004 22 July 2004 Wood Group Acquires Multiphase Solutions, Inc. Wood Group E&PF Holdings Inc., a subsidiary of John Wood Group PLC ('Wood Group'), has acquired Multiphase Solutions, Inc. ('MSi'), a Houston-based company that provides engineering and consulting services, and software applications for use in the design, operation, and optimization of oil and gas pipelines and production facilities. MSi had revenues of $5.24 million for the year ended December 31, 2003, and net asset value at completion was $1.75 million. President, Chief Executive Officer and co-founder Michael Mai will continue to lead the company, which employs approximately 40 personnel and will operate within Wood Group's Engineering and Production Facilities Division. 'MSi has world-class expertise in flow assurance, which is a top technology enabler particularly in the growth area of subsea production, as well as modular software for plant optimisation and training simulation,' stated Trevor Noble, chief executive of Wood Group's Engineering activities. 'MSi represents an excellent strategic fit with Wood Group's engineering activities in upstream developments, pipeline design and materials integrity. There are also clear synergies with our Production Facilities group in the modelling of process plant operational efficiency.' 'We're very excited to be joining Wood Group,' stated Michael Mai. 'The ability to leverage the Group's infrastructure and access to additional international markets provides MSi with significant potential for growth.' -ends- Note to editors Wood Group is an international energy services company with $2.0bn sales, employing more than 13,000 people worldwide and operating in 34 countries. The Group has three businesses-Engineering & Production Facilities, Well Support, 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. Wood Group Engineering & Production Facilities is a leading provider of engineering design and project management services for the development of new offshore oil and gas fields as well as the enhancement, modification, operation and maintenance of existing infrastructure in offshore and onshore oil and gas facilities. For enquiries please contact Nick Gilman, Investor Relations Manager, Wood Group Tel: +44 (0) 1224 851404, e-mail: nick.gilman@woodgroup.com Carolyn Smith, Corporate Communications Manager, Wood Group Tel: +44 (0) 1224 851099, e-mail: carolyn.smith@woodgroup.com Bobbie Ireland, Director, Corporate Communication-Americas, Wood Group Tel: +1 281 828 3505, e-mail: bobbie.ireland@woodgroup.com This information is provided by RNS The company news service from the London Stock Exchange
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