Amec Foster Wheeler : joint venture breaks ground as prime contractor on Port Granby environmental remediation

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry - from production through to refining, processing and distribution of derivative products - and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

On 31 July 2015, Amec Foster Wheeler, in a joint venture with CB&I, announced the award of a CAD$86.8 million construction remediation contract by Canadian Nuclear Laboratories to build the Port Granby long-term waste management facility in the municipality of Clarington in Ontario, Canada.

The Port Granby Project involves the relocation of approximately 450,000 cubic metres of historic low-level radioactive waste, located at an existing site on the shoreline of Lake Ontario in Southeast Clarington, to a new, engineered aboveground mound. Ongoing maintenance and monitoring will continue for hundreds of years after the facility is capped and closed. The historic waste resulted from radium and uranium refining operations of the former Crown Corporation Eldorado Nuclear and its private sector predecessors, which operated from the 1930s to 1988.

The Port Hope Area Initiative (PHAI) is a federal environmental clean-up programme. Its mandate is the remediation and local, long-term, safe management of historic low-level radioactive waste in Port Hope and the Port Granby area of Southeast Clarington. The PHAI Management Office, led by Canadian Nuclear Laboratories, is implementing these projects on behalf of Atomic Energy of Canada Limited, a federal Crown corporation.

Forward-Looking Statements

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