AGM Statement

Wood Group (John) PLC
19 May 2004



                       John Wood Group PLC ('Wood Group')

                            Chairman's AGM Statement

At today's Annual General Meeting, Sir Ian Wood, Chairman and Chief Executive of
Wood Group, the international energy services provider, commented:

'2003 saw good revenue growth, but only marginal EBITA growth, mainly reflecting
difficult conditions in the US power market. During the year, we continued to
enhance our market leadership and differentiation in our chosen growth markets.

'In 2004, Well Support is performing strongly, but, as previously indicated, our
overall performance will be held back by the impact of continuing delays in the
award of deepwater engineering projects and the challenges of the difficult US
Power market. In Gas Turbine Services, action is under way to reduce costs,
including rationalisation of facilities and service lines - this will result in
an exceptional charge in 2004, but will benefit future performance. Looking
ahead to 2005, we continue to see encouraging signs and are well positioned to
exploit key growth segments in both the Oil & Gas and Power industries.'

- Ends -

Notes to editors:

Wood Group is an international energy services company with more than $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.

Contacts for further information:

Wood Group

Alan Semple [phone]

Nick Gilman

Carolyn Smith


Brunswick

Patrick Handley [phone]

Katya Reynier


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