IPO

Wood Group (John) PLC
29 May 2002

These materials are not for distribution in the United States, Canada, Australia
or Japan. They are not an offer of securities for sale in the United States,
Canada, Australia or Japan.


The Shares are not being registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as such terms are defined in Regulation S under such
Act) absent registration or an exemption from registration. No public offering
of securities is being made in the United States.


Cazenove and Credit Suisse First Boston are advising Wood Group in relation to
the offer and no one else and will not be responsible for anyone other than Wood
Group for providing the protections afforded to customers of Cazenove and Credit
Suisse First Boston nor for providing any advice in relation to the offer, the
contents of this press release or any transaction or arrangement referred to
herein.

                       John Wood Group PLC ('Wood Group')



     29th May 2002





WOOD GROUP, THE INTERNATIONAL ENERGY SERVICES COMPANY, ANNOUNCES OFFER PRICE OF
                                 195p PER SHARE

Wood Group today announces an offer price of 195p per share, which is above the
mid point of the offer price range announced on 10th May 2002. At this price the
company will have a market capitalisation of approximately £935 million.


Conditional dealing in Wood Group shares commences today, with admission to the
London Stock Exchange and unconditional dealing scheduled to commence on
Wednesday 5th June 2002.


Commenting today, Sir Ian Wood, Chairman, said:

'We have very much enjoyed the opportunity for discussion with a large number of
potential new investors and are pleased that our quality track record and
prospects have been well received and supported. We are entering a new and
exciting phase of our development and are confident that public status will
bring benefits for our customers, employees and shareholders.'





Information:

Sir Ian Wood, Chairman and Chief Executive Allister Langlands,    01224 851000
Deputy Chief Executive Carolyn Smith, Corporate Communications

Cazenove & Co. Ltd                                                020 7588 2828

John Paynter

Nick Garrett

Credit Suisse First Boston                                        020 7888 8888

Charles Egerton-Warburton

Marius Brinkhorst

Jonathan Swinney

Katharina Gebsattel

Brunswick                                                         020 7404 5959

Patrick Handley

Stuart Bruseth

Katya Reynier



NOTES TO EDITORS:

Wood Group is an international energy services company with more than $1.5bn
revenues, employing more than 10,000 people worldwide and operating in over 30
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




                      This information is provided by RNS
            The company news service from the London Stock Exchange