Pre-close trading update for the year to 31 Dec 2014

11 December 2014 Pre-close trading updatefor the year to 31 December 2014 John Wood Group PLC ("Wood Group" or "the Group"), issues the followingpre-close trading update for the year to 31 December 2014. Full year resultswill be announced on 17 February 2015. The Group anticipates full year 2014 performance in line with expectations andup on 2013, with growth in Wood Group PSN Production Services offsetting thereduction in Wood Group Engineering and Turbine Activities. Operator focus onefficiency and the recent reduction in the price of oil is leading operators tore-consider their spending plans for 2015 with a consequential impact onservice company activity. We expect our largely reimbursable order book andprospects, balance of opex and capex activities, range of longer termcontracts, and spread of business to provide relative resilience in 2015 and wewill see the full year benefit from completed acquisitions. In Wood Group Engineering the anticipated reduction in 2014 EBITA will be lessthan the 15% indicated in December 2013. In Upstream, activity on offshoreprojects including Det Norske Ivar Aasen, Hess Stampede and Husky White Rose,together with onshore work in the US have lessened the impact of the slowerpace of award of significant detailed engineering work. We continue to work onmore early stage projects than in recent years and see this as a good indicatorof future activity. In Subsea & Pipelines, we have seen good activity overallincluding work with BP on Shah Deniz and Tullow in Ghana. Onshore US pipelinesactivity continues to be strong, driven by shale related infrastructuredevelopment. Downstream, process & industrial has benefitted from the impact oflower gas prices on refining and chemicals work. Wood Group PSN Production Services will deliver strong growth in 2014. Thisincrease is primarily attributable to performance in the Americas, led by USshale related activity, including the benefit of Elkhorn acquired in 2013. Wecontinue to provide a range of activities including well site preparation,infrastructure development and ongoing maintenance across key shale regions fora broad customer base. The announcement today of the acquisition of Swaggart, aprovider of civil construction and fabrication services to the US oil and gasand industrial sectors will help extend our service offering. Our North Seabusiness has remained robust, benefitting from work performed under long termoperations and maintenance contracts which provide longer term revenuevisibility together with service expansion from the Pyeroy acquisition in 2013.In December, we were awarded a 5 year contract with an estimated value ofaround $750m with BP for the provision of services to upstream and midstreamoperations. Internationally, we secured a number of important contracts in 2014including Woodside in Australia, and ExxonMobil in Papua New Guinea andMalaysia, and are benefitting from customer-led expansion in Iraq with TAQA andBP. Performance in Turbine Activities has improved in the second half although 2014EBITA will be significantly lower than 2013. Following handover of Doradearlier in the year we remain confident of securing change orders, and expectto recognise the substantial recovery of the first half financial position inour full year results. Our balance sheet remains strong and supports our continued investment infurther acquisitions and organic growth. Cash flow generation remains a focus;in line with the typical seasonal movement, we expect to deliver a significantimprovement in working capital in the second half of the year. The Group anticipates full year 2014 performance in line with expectations andup on 2013, with growth in Wood Group PSN Production Services offsetting thereduction in Wood Group Engineering and Turbine Activities. Conference Call A telephone conference call for analysts will be held at 9am today; participantdial-in details below: UK: 01296 480 180 International: +44 1296 480 180 Passcode: 615 924# - ends - Notes to Editors: Wood Group is an international energy services company with over $7bn sales. TheGroup is built on our Core Values and has two reporting segments - Wood GroupEngineering and Wood Group PSN - providing a range of engineering, productionsupport and turbine servicesto the oil & gas, and power sectors.www.woodgroup.com Enquiries: Wood GroupAndrew Rose +44 (0)1224 851 000Carolyn Smith BrunswickPatrick Handley +44 (0)20 7404 5959Rosheeka Field

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