WSP Waives Due Diligence Pre-Condition to Opus Takeover Offer

MONTREAL, QUEBEC--(Marketwired - Aug. 29, 2017) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that it has today waived the due diligence pre-condition contained in its lock-up agreement, dated August 14, 2017, with UEM Edgenta Berhad in relation to the takeover offer for Opus International Consultants Limited (NZX:OIC) ("OIC") (the "Offer"). Accordingly, WSP is now committed to procure that its wholly-owned New Zealand subsidiary makes the Offer, on the other terms previously announced.

WSP also filed its application for consent with the Overseas Investment Office on August 22, 2017. The Offer is conditional on WSP obtaining consent from the Overseas Investment Office.

WSP will send its Offer Document to OIC shareholders between August 30, 2017 and September 13, 2017. Once the Offer Document has been sent to OIC shareholders and the despatch notice has been released in accordance with the Takeovers Code, the final Offer Document will also be filed on SEDAR at www.sedar.com. The Offer will remain open for acceptance until 90 days after the Offer date, unless extended in accordance with the New Zealand Takeovers Code.

Rothschild and its New Zealand alliance partner, Cameron Partners Limited, are jointly acting as financial adviser to WSP in respect of the Offer. Chapman Tripp is acting as legal adviser to WSP in respect of the Offer.

ABOUT WSP

As one of the world's leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. We also offer highly specialized services in project delivery and strategic consulting. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 37,000 talented people in more than 500 offices across 40 countries, we are uniquely positioned to deliver successful and sustainable projects, wherever our clients need us. www.wsp.com

FORWARD-LOOKING STATEMENTS

Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP's actual or projected results are included in the Management's Discussion and Analysis for the year ended December 31, 2016, which is available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.