Acquisition

27 August 2002

WOOD GROUP ACQUIRES INDUSTRIAL REPAIR SERVICE, INC.

John Wood Group PLC ('Wood Group') has acquired Industrial Repair Service, Inc.
('IRS'), an electrical generator services company providing specialized
generator maintenance, field outage engineering, and high voltage coil support
services to power companies throughout the Americas. The cash consideration
being paid for IRS is approximately $ 9.3m at completion including the
assumption of net debt, plus a potential further payment in 2006 or 2007 of up
to $1.5m, which is subject to future profitability. IRS had revenues of $15.4
million for the year ended 31 December 2001.

The company, founded in 1979, is based in Farmington, New Mexico, and employs
120 staff within two operating facilities, one focussing on on-site and
shop-based generator service work, and the other specializing in engineering ,
design and fabrication of low, medium and high voltage generator windings. IRS
will continue to be led by the existing management team, headed by Ben and Paul
Heikkinen .

'The acquisition of IRS is a strategic expansion of our US gas and steam
turbine maintenance capabilities,' explained Allister Langlands, Wood Group's
Deputy Chief Executive and Director responsible for Gas Turbine Services. 'IRS
services a wide range of large electrical generators, which are predominantly
driven by gas and steam turbines that fall within Gas Turbine Service's
existing maintenance capability. Combining IRS' generator expertise with our
turbine capabilities will enable us to provide a more comprehensive range of
services to support the maintenance operations of our customers, which include
independent and merchant power producers, utilities and consolidated energy
companies. Our first move following the acquisition will be to make a $2m
investment in high speed balancing equipment, which will greatly enhance IRS's
capacity, quality, and range of services.'

Ben Heikkinen said: 'We at IRS are very excited to be joining Wood Group. We
believe that our skills and capabilities are very complementary to those of
Wood Group Gas Turbine Services, and are confident that together we can deliver
a n expanded range of services to existing and future customers in the North
and South American power generation markets.'

-ends-

27August 2002

Note to editors

Wood Group is an international energy services company with more than $1.5bn
sales, employing more than 10,000 people worldwide and operating from bases 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.

Wood Group Gas Turbine Services, a leading independent provider of maintenance,
repair and overhaul services for light industrial, aero-derivative, and heavy
industrial gas turbines, steam turbine-generators, and other high-speed
rotating equipment. The company also repairs gas turbine accessories and
components for industrial and aero customers.

For further information please contact

Alan Semple, group finance director, Wood Group

Tel: [phone], e-mail: [e-mail]

Chris Watson, group financial controller, Wood Group

Tel: [phone], e-mail: chris.watson@woodgroup. com

Carolyn Smith, corporate communications manager, Wood Group

Tel: [phone]. e-mail: [e-mail]

Pauline Smith , corporate communications executive, Wood Group

Tel: [phone], e-mail: [e-mail]

Or visit the website:

www.woodgroup.com