Further to the Company’s announcements on 25 July 2025 and 3 November 2025, the board of Wood is pleased to announce that its wholly-owned subsidiary, JWG Investments Limited (“JWG”), has completed the sale of its 50 per cent. interest in RWG (Repair & Overhauls) Limited (“RWG”) to Siemens Energy Global for a cash consideration of $151 million, subject to customary closing adjustments and transaction costs. The sale completed on 31 December 2025.

Background

Wood announced on 4 December 2025 that the A&E Effective Date had occurred and accordingly the Company had access to the $250 million Sidara Interim Funding and the $200 million New Money Facility.

Wood announced on 10 December 2025 that it had agreed to sell its United Kingdom Transmission & Distribution engineering business to UI Telecoms & Power Holdco Limited for a cash consideration of £57.5 million. Wood announced completion of the UK T&D Transaction on 30 December 2025.

Other than the disclosures above in respect of the A&E Effective Date and the UK T&D Transaction, Wood confirms that for the purposes of UK Listing Rule 7.3.3, there has been no material change affecting any matter contained in the Company’s announcements on 25 July 2025 and 3 November 2025.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in Wood’s announcement dated 3 November 2025.

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