Statement re Kentz Corporation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 No intention to make an offer for Kentz Corporation Limited ("Kentz")

12 September 2013

On 19 August 2013, in response to a leak of approaches to Kentz over the summer, AMEC plc ("AMEC") announced a possible conditional cash offer for Kentz in the range of 565-580p per Kentz share.

In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), AMEC was then required, by not later than 5:00 pm on 16 September 2013, to either announce a firm intention to make an offer for Kentz under Rule 2.7 of the Code or announce that it does not intend to make an offer for Kentz, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

The board of AMEC has concluded that it does not intend to make an offer for Kentz.

AMEC continues to see attractive opportunities to extend its geographic footprint in the Growth Regions, increase the range of services offered to clients, and enhance AMEC's position in its markets. AMEC will retain its disciplined approach to acquisitions, consistent with its clearly defined strategic and financial criteria.

The pipeline of opportunities remains strong, and depending on the progress of acquisitions, additional cash returns to shareholders will be considered in the fourth quarter of 2013.

As a result of this announcement, AMEC will, except with the consent of the Takeover Panel, be bound by the restrictions contained in Rule 2.8 of the Code. For the purposes of Rule 2.8 of the Code, AMEC reserves the right to make or participate in an offer for Kentz (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement in the circumstances set out in Note 2 on Rule 2.8 of the Code.

A copy of this announcement will be available at amec.com by no later than 12 noon (London time) on 13 September.

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Conduct Authority. Deutsche Bank is acting as financial adviser to AMEC and no one else in connection with the contents of this announcement and will not be responsible to anyone other than AMEC for providing the protections afforded to its clients or for providing advice in connection with the contents of this announcement or any matter referred to herein.

This announcement does not constitute an offer to purchase any securities, or an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer to purchase or sell securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements.

Ends