Result of Equity Issue

Wood Group (John) PLC 13 September 2005 John Wood Group PLC ('Wood Group') For immediate release. Not for release, publication or distribution, in whole or in part, in or into the US, Canada, Australia, South Africa or Japan. Further to this morning's announcement regarding, inter alia, the placing of Placing Shares (the 'Announcement'), the placing price and size of the issue have now been determined following the completion of the book building process. Defined terms in this announcement have, unless the context otherwise requires, the same meanings given to them in the Announcement. Wood Group confirms that a total of 24,176,550 Placing Shares have been placed by Credit Suisse First Boston (Europe) Limited and JPMorgan Cazenove at a price of 210 pence per Placing Share, raising approximately $92.5m before expenses. The Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with Wood Group's existing ordinary shares, including the right to receive all future dividends and other distributions declared, made or paid after the date of issue of the Placing Shares. Application will be made for admission of the Placing Shares to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities (together, 'Admission'). It is expected that Admission will become effective and dealings in the Placing Shares will commence no later than 8.00 a.m. on 16 September 2005. The Placing is conditional, inter alia, upon Admission becoming effective by 8.00 a.m. on 16 September 2005 (or such later time and or date as the Managers and Wood Group may agree) and on no force majeure event having occurred before Admission. 13 September 2005 Enquiries to: John Wood Group PLC tel: +44 (0) 1224 851000 Alan Semple, Group Finance Director Nick Gilman, Investor Relations Credit Suisse First Boston (Europe) Limited tel: +44 (0) 20 7888 8888 James Leigh-Pemberton Richard Crawley JPMorgan Cazenove Limited tel: +44 (0) 20 7588 2828 John Paynter Robert Constant Brunswick tel: +44 (0) 20 7404 5959 Patrick Handley Nina Coad This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any ordinary shares in the capital of the Company (the 'Wood Group Shares'). Past performance is no guide to future performance and any investment decision to buy Placing Shares must be made solely on the basis of Publicly Available Information (as defined below). Persons needing advice should consult an independent financial adviser. This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of Wood Group Shares in the United States. The Wood Group Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the ' Securities Act') and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the requirements of the Securities Act. There will be no public offer of Wood Group Shares in the United States, the United Kingdom or elsewhere. The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company, Credit Suisse First Boston or JPMorgan Cazenove that would permit an offering of such ordinary shares or possession or distribution of this announcement or any other offering or publicity material relating to such ordinary shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company, Credit Suisse First Boston and JPMorgan Cazenove to inform themselves about and to observe any such restrictions. Credit Suisse First Boston, which is authorised and regulated by the FSA, is acting for Wood Group in connection with the Placing and no one else and will not be responsible to anyone other than Wood Group for providing the protections afforded to clients of Credit Suisse First Boston nor for providing advice in relation to the Placing. JPMorgan Cazenove, which is authorised and regulated by the FSA, is acting for Wood Group in connection with the Placing and no one else and will not be responsible to anyone other than Wood Group for providing the protections afforded to clients of JPMorgan Cazenove nor for providing advice in relation to the Placing. This information is provided by RNS The company news service from the London Stock Exchange
Investor Meets Company
UK 100