Press Release

Amec boasts of an order book strong at £3.2 billion

 Cash flow conversion 124 per cent

• Operating cash flows £257 million, up 129 per cent

 Continued financial strength

• Net cash as at 31 December 2009 £743 million
• £113 million invested in acquisitions; GRD and four other acquisitions completed in 2009
• Dividends per share up 15 per cent, to 17.7 pence

 Chief Executive Samir Brikho said :

“AMEC has delivered another year of excellent results in 2009, with a significantly improved operating cash flow performance and record EBITA margin2 of 8.2 per cent.

We believe the trading environment will remain challenging, but expect that our order pipeline will continue to improve as the year progresses. We are currently well positioned on contracts at the early stages of the project cycle and are confident this will support future growth, building on our strong customer relationships. In the first quarter, we have seen signs of a pick up in the market and we expect to win a number of sizeable new contracts for delivery later in 2010 and beyond. We continue to be firmly on track to deliver our target of 8.5 per cent EBITA margin in 2010.”