Over Allotment Option

Wood Group (John) PLC
10 June 2002


                 WOOD GROUP - EXERCISE OF OVER ALLOTMENT OPTION


WOOD GROUP

10th June 2002

NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA
OR JAPAN OR TO US PERSONS

WOOD GROUP

Offer for sale of Wood Group ordinary shares

Exercise of Option

Wood Group is pleased to announce that Cazenove & Co. Ltd ('Cazenove') on behalf
of the Managers, has exercised the over allotment option over a total of
19,478,800 additional ordinary shares.

This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any Wood Group shares. Past performance is no
guide to future performance and persons needing advice should consult an
independent financial adviser.

This announcement is not an offer of the Wood Group shares for sale into the
United States. The Wood Group shares have not been and will not be registered
under the US Securities Act of 1933 and may not be offered or sold in the United
States unless they are registered or exempt from registration. There will be no
public offer of Wood Group shares into the United States.

Cazenove is acting for Wood Group in connection with the Offer for Sale and
no-one else, and will not be responsible to anyone other than Wood Group for
providing the protections afforded to clients of Cazenove or for giving advice
in relation to the Offer for Sale.

Credit Suisse First Boston is acting for Wood Group in connection with the Offer
of Sale and no-one else, and will not be responsible to anyone other than Wood
Group for providing the protections afforded to clients of Credit Suisse First
Boston or for giving advice in relation to the Offer for Sale.

Stabilisation/FSA


                      This information is provided by RNS
            The company news service from the London Stock Exchange