Acquisition(s)

Wood Group acquires Baker Energy A subsidiary of international energy services company John Wood Group PLC ("Wood Group") has acquired the energy services business (Baker Energy) of Michael Baker Corporation (NYSE Amex:BKR). The consideration was US$37.9m, settled in cash at completion. Baker Energy provides a broad range of operations and maintenance services to a large number of oil and gas operators, both onshore and offshore. The company has a strong presence in the US, including a market leading position in deepwater activity, and operates in various countries in Africa and Asia Pacific. Baker Energy had revenues in the year ended 31 December, 2008 of US$243.5 million and currently employs around 2,400 people. Baker Energy will operate within Wood Group's Engineering & Production Facilities division. "The acquisition of Baker Energy is part of our ongoing strategy to expand and enhance our operations support capability," said Les Thomas, Group Director responsible for Wood Group's Production Facilities activities. "It will establish Wood Group as the market leader in the provision of operations and maintenance services in the US Gulf of Mexico market, and enhance our ability to support clients' deepwater activity, one of the most exciting growth markets in our industry. Internationally it represents an excellent strategic fit with our existing operations support capabilities and extends our international footprint." -ends- Note to editors Wood Group is an international energy services company with more than $5bn sales, employing 27,000 people worldwide and operating in 50 countries. Wood 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 and gas, and power generation industries worldwide. www.woodgroup.com Wood Group Engineering & Production Facilities is a market leader in engineering design, construction management and project management services, providing 'life-of-field' engineering, including greenfield and brownfield engineering, production enhancement, operations and maintenance, and commissioning. With an extended range of engineering services in the design and operation of both offshore and onshore oil & gas production, transportation and processing facilities, E&PF provides value-added solutions that are fit-for-purpose and tailored for each client. Baker Energy works with oil and gas companies worldwide to provide total asset management solutions. By integrating its diverse operating and management skills, Baker Energy has evolved into a single source supplier of comprehensive energy services, including operations assurance and maintenance management solutions, competency-based personnel recruiting and training, operations and maintenance manpower, and supply chain and logistics management. www.bakerenergy.com Michael Baker Corporation (Baker) provides engineering for its clients' most complex challenges worldwide. The firm's primary business areas are aviation, defense, environmental, facilities, geospatial, homeland security, municipal & civil, pipelines & utilities, transportation and water. With more than 4,500 employees in over 50 offices across the United Sates, Baker is focused on creating value by delivering innovative and sustainable solutions for infrastructure and the environment. For media enquiries please contact: Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood Group Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com Bobbie Ireland, Corporate Communications - Americas, Wood Group Tel: +1 (281) 828 3505, email: bobbie.ireland@woodgroup.com
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