WorleyParsons : Media today

Level 15, 141 Walker Street

North Sydney NSW 2060 Australia

Telephone: [phone]

www.worley.com

WorleyParsons Limited

ABN 17 096 090 158

16 October 2019

ASX Release

WORLEYPARSONS LIMITED (WORLEY) (ASX: WOR)

Media today

Worley notes the report about Worley in today's edition of the Australian Financial Review.

Worley confirms that it has provided information about its operations to the Foreign Investment Review Board (FIRB), as part of confidential FIRB processes, in the context of possible creeping acquisitions by its largest shareholder, Dar Group (Dar).

Worley also confirms that it has engaged with Dar regarding such further share acquisitions and requests by Dar for Worley Board representation and for a comprehensive business cooperation agreement with Worley.

The Worley Board believes that it is not in shareholders' interests for Dar to further increase its shareholding in Worley by creeping acquisitions or for Worley to enter into a business cooperation agreement with Dar.

In coming to this view, the Worley Board has considered the impact of these matters on stakeholders who are critical to its business, including shareholders, customers, governments, our people and partners.

Worley is the world's largest provider of engineering, project and asset services in the energy, chemicals and resources sectors, and is entrusted with sensitive information and performs a vital role for customers and governments in Australia, the USA and globally on projects and infrastructure that are of a critical nature.

For further information, please contact:	For media enquiries, please contact:
Mark Trueman	Mark Gell
Executive Group Director Strategy, Planning and	Partner, Reputation Edge
Investor Relations
Ph: [phone]	Ph: [phone]
[e-mail]	[e-mail]
www.worley.com

About Worley:Worley delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mining, mineral, metals, chemicals, power and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

WorleyParsons Limited is listed on the Australian Securities Exchange (ASX: WOR).