Trading Statement

Wood Group (John) PLC 19 December 2005 John Wood Group PLC: 2005 Trading Update John Wood Group PLC ('Wood Group'), the international energy services company, issues the following pre-close period trading update for the year ended 31 December 2005. The preliminary announcement of the results for the year will be on 6 March 2006. Wood Group is pleased to confirm good progress in 2005 in a healthy global oil & gas market. The Board anticipates that Group financial performance will be in line with expectations, with growth in all three divisions. In Engineering & Production Facilities, the demand for Engineering is strong across upstream, midstream and downstream and our international development is continuing with a range of contract wins in Africa, Asia Pacific, and South America. In Production Facilities, the North Sea has been particularly active and we are continuing to invest in broadening our international reach, including developing our regional presence in South America, the FSU, Africa, the Middle East and Asia Pacific. Well Support continues to perform strongly, with increased activity levels in all three businesses. We are continuing to focus on international growth and on developing our supply chain, including the extension of our Pressure Control manufacturing capabilities, to meet growth in demand for our products and services. An example of our international success is the $120m ESP contract extension for PanAmerican in Argentina announced today. In Gas Turbine Services, our oil and gas operations continue to make progress, and the US power market is more stable. In Heavy Industrial Turbines, we are expanding our range of re-engineered parts and winning more long term service agreements including contracts with Sacramento Municipality Utility District Financing Authority and Alliant Energy Corp. Sir Ian Wood, Chairman and Chief Executive, said, 'I am pleased to confirm our confidence in achieving strong growth in 2005. Looking into 2006, our position in key markets and active investment programme should ensure we deliver continuing good growth.' Wood Group is an international energy services company with $2.3bn sales, employing more than 14,000 people worldwide and operating in 36 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. For further information contact: Wood Group 01224 851000 Alan Semple Finance Director Nick Gilman Investor Relations Manager Carolyn Smith Corporate Communications Manager This information is provided by RNS The company news service from the London Stock Exchange
Investor Meets Company
UK 100