Acquisition

Wood Group (John) PLC 27 May 2003 27 May 2003 WOOD GROUP ACQUIRES DUTCH ENGINEERING COMPANY, KORNDORFFER CONTRACTING INTERNATIONAL (KCI) John Wood Group PLC ('Wood Group') has acquired the Dutch engineering company, Korndorffer Contracting International (KCI). The net asset value of KCI at April 2003 was Euro 0.7million. KCI will operate within Wood Group's Engineering & Production Facilities business. Based in Rotterdam, KCI had a turnover of Euro 6.2million in the year to December 2002, employs 45 personnel and specialises in design engineering for oil and gas clients in the Netherlands. 'This acquisition will strengthen our European brownfield and greenfield engineering capability and is a strategic move into the Dutch sector of the North Sea,' said Bill Edgar, Group Director for Wood Group's Engineering & Production Facilities business. KCI will retain its existing Managing Director, Wim Komdorffer, who was responsible for setting up the company in 1987. 'Joining Wood Group will help to facilitate further growth for KCI, and enable us to build on our existing excellent reputation in the industry, established over a number years,' said Wim. 'We will undoubtedly benefit from Wood Group's extensive global network.' - ends - Notes to editors: Wood Group is an international energy services company with more than $1.7bn sales, employing more than 12,000 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. Wood Group Engineering & Production Facilities is a leading provider of engineering design and project management services for the development of new offshore oil and gas fields as well as the enhancement, modification, operation and maintenance of existing infrastructure in offshore and onshore oil and gas facilities. Korndorffer Contracting International (KCI) provides a range of engineering design and consultancy services for the onshore and offshore oil & gas industry. KCI specialises in the design of jackets, deck and process facilities as well as pipelines and subsea structures. www.korndorffer.com For further information contact: Alan Semple, group finance director, Wood Group Tel: +1 713 828 3534 e-mail: alan.semple@woodgroup.com Chris Watson, group financial controller, Wood Group Tel: +44 (1224) 851440, e-mail: chris.watson@woodgroup.com Carolyn Smith, corporate communications manager, Wood Group Tel: +44 (1224) 851099, mobile: +44 (0) 7775 620633, e-mail: carolyn.smith@woodgroup.com Bobbie Ireland, director - corporate communications - Americas, Wood Group Tel: +1 281 828 3505, mobile: +1 713 515 3571, e-mail: bobbie.ireland@woodgroup.com www.woodgroup.com This information is provided by RNS The company news service from the London Stock Exchange
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