WYG Plc WYG Confirm Significant Nuclear New Build Contract (6883X)

TIDMWYG

RNS Number : 6883X

WYG Plc

24 November 2014

24(th) November 2014

WYG plc

("the Company" or "WYG")

WYG Confirm Significant Nuclear New Build Contract in Poland

WYG plc, the global programme, project management and technical consultancy, is pleased to confirm that further to the announcement made on 17(th) July 2014 it has now entered into a contract with Amec Foster Wheeler, which has been formally appointed by PGE EJ1, a subsidiary of Polish state-controlled Polska Grupa Energetyczna SA, to support the development of Poland's first nuclear power plant over the next 10 years.

As previously announced, the contract is expected to be worth a minimum of GBP6.2 million to WYG for the required scope during the next three years, rising to up to GBP35m if all optional work is undertaken over the 10 year period.

Under the contract, WYG will provide a broad spectrum of technical support services including contract administration, engineering support, licensing and permitting, management systems, site infrastructure, quality assurance and vendor and supply chain oversight.

Paul Hamer, Chief Executive Officer of WYG, said:

"I am delighted that we now have a firm contract in place to work together with Amec Foster Wheeler to deliver one of the most significant projects in Poland's infrastructure programme. We will be drawing on our experience built up over more than 20 years working on nuclear sites in the UK to help the Polish government achieve its long term objectives.

"The appointment is also a major advance in our aim of building a significant presence in the wider energy sector through our model of collaborative working with major, blue-chip partners."

ENDS

WYG plc Tel: 0113 278 7111

Paul Hamer, Chief Executive Officer

Sean Cummins, Group Finance Director

MHP Communications Tel: 020 3128 8100

John Olsen / Katie Hunt / Vicky Watkins / Ollie Hoare

N+1 Singer Tel: 020 7496 3000

Sandy Fraser / Richard Lindley

WH Ireland Limited Tel: 0113 394 6600

Andrew Kitchingman / Liam Gribben

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