Mr. Alexandre L'Heureux reports

WSP COMPLETES ACQUISITION OF THE ENVIRONMENT & INFRASTRUCTURE BUSINESS OF JOHN WOOD GROUP PLC, EXPANDING ITS ENVIRONMENTAL LEADERSHIP

WSP Global Inc. has completed its previously announced acquisition of the environment and infrastructure business (E&I) of John Wood Group PLC through a sale and purchase agreement. E&I provides engineering, remediation consulting, environmental permitting, inspection, monitoring and environmental management services to government, industrial, infrastructure, oil and gas, power, water, and mining clients. E&I's 6,000 professionals are based in approximately 100 offices in over 10 countries, mainly in the United States, Canada and the United Kingdom, with a secondary presence in Latin America and Europe.

"We are pleased to welcome E&I's 6,000 professionals into the WSP family and are excited to create a strong market leader from two respected organizations with bold ambitions. Joining forces will allow us to offer our clients expanded world-class multidisciplinary services while bringing new solutions and enhanced value. This transaction will also enable us to further seize opportunities in the fast-growing environmental and water sectors," said Alexandre L'Heureux, WSP's president and chief executive officer.

"Aligned with our global strategic action plan, this acquisition, along with our other recently announced transactions, will contribute to the achievement of our strategic ambitions while expanding our geographical range and adding expertise in key sectors. This will create even greater momentum as we future-proof our cities and our environment," he added.

"We are excited to join a world-leading consulting firm, where our combined expertise will add value for our clients through strengthened service capability, global reach and deep portfolio of technical experts. Together with WSP, we will be a unique adviser and provider for clients across all sectors and services, and the aspirations of our people for a more sustainable future have room to grow. We are now an industry leader at a time when environmental and infrastructure needs are a global priority," said Joe Sczurko, executive president of E&I Consulting.

The aggregate cash consideration payable in connection with the acquisition is approximately $1,801-million (U.S.) (approximately $2.4-billion), subject to adjustments. The acquisition and other related transaction costs were financed using a $1,801-million (U.S.) term credit facility with various tenors of up to five years in length.

About WSP Global Inc.

As one of the world's leading professional services firms, WSP exists to future-proof cities and the environment. The company provides strategic advisory, engineering and design services to clients in the transportation, infrastructure, environment, building, power, energy, water, mining and resource sectors. WSP's 63,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities the company serves through a culture of innovation, integrity and inclusion. Sustainability and science permeate the company's work. WSP derived about half of its $10.3-billion 2021 revenues from clean sources. The corporation's shares are listed on the Toronto Stock Exchange (TSX: WSP).

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