Mr. Alain Michaud reports

WSP COMPLETES ACQUISITION OF RICARDO PLC, A GLOBAL STRATEGIC AND ENGINEERING CONSULTANCY FIRM

WSP Global Inc. has completed its previously announced acquisition of Ricardo PLC, a global strategic and engineering consultancy firm headquartered in the United Kingdom. Delivering solutions that intersect the transport, energy and environment agendas, Ricardo operates in over 20 countries across Europe, Australia, North America, Asia and the Middle East.

In keeping with WSP's 2025-2027 global strategic action plan, the acquisition both accelerates growth in advisory, energy transition, water solutions and rail and strengthens WSP's presence in key markets such as the United Kingdom, Australia and the Netherlands.

"We are pleased to bring Ricardo into WSP and welcome new colleagues across the globe. The team's deep, differentiated expertise in areas that are increasingly critical to our clients -- air quality, water management, energy resilience, policy strategy and rail -- enhances our offering and accelerates our momentum toward our strategic ambitions in high-growth sectors and markets," expressed Alexandre L'Heureux, president and chief executive officer of WSP. "We will now focus on integrating our teams and building on our combined strengths. Our complementary capabilities and shared passion for technical excellence position us to drive greater innovation and deliver added value as we support our clients through complex transitions."

"Today marks a significant milestone for Ricardo as we proudly join WSP," said Graham Ritchie, chief executive officer of Ricardo. "WSP's belief in our strategy and support for our continued journey reflects the strength of what we have built over the past few years since we launched our strategy focused on sustainable growth in key markets. Ricardo and WSP share values and a purpose-led culture, so this acquisition accelerates our ability to deliver a broader, more impactful offering to our clients. It also opens up exciting new opportunities for our talented teams -- opportunities that would not have been possible without this partnership. We are committed to supporting WSP's dynamic strategic vision and look forward to shaping the future together."

About WSP Global Inc.

WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals, known as Visioneers. Together, they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP is publicly listed on the Toronto Stock Exchange.

About Ricardo PLC

Ricardo is a global strategic, environmental and engineering consulting company, listed on the London Stock Exchange. With over 110 years of engineering excellence and approximately 2,600 employees in more than 20 countries, Ricardo provides exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and environmental services, together with safe and smart mobility. Its global team of consultants, environmental specialists, engineers and scientists support its customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.

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