Wood Mackenzie’s Latest Acquisition – Brook Hunt – Brings Together Global Expertise in Energy, Mining and Metals

EDINBURGH, 21 August 2008 - Wood Mackenzie, a leading provider of research and consulting services to the energy industry, today announced its acquisition of Brook Hunt, a market leading UK-based provider of analysis and advice on mining and metals markets, for an undisclosed sum.

Brook Hunt, established in 1975, provides its clients with in depth market analysis across the mining and metals industries, as well as one-off detailed consulting assignments, enabling the most informed and competitive business decisions to be made. Brook Hunt is a strong strategic fit for Wood Mackenzie due to the close similarities in culture and business models - based on proprietary information and independent, commercial analysis.

Stephen Halliday, Chief Executive Officer of Wood Mackenzie, commented:

"We are delighted to have found a company that we see as a perfect cultural and strategic fit for Wood Mackenzie, and which brings us an in-depth knowledge of mining and metals.

"There are a number of parallels between the energy and the metal and mining industries that will enable us to add significant additional value to both organisations' clients. For example, Wood Mackenzie's understanding of future fuel price will improve Brook Hunt's mining cost analysis. In return, the rising cost of metals used in the energy industry is a key issue for oil & gas clients. By leveraging synergies across all sectors we believe the combination of Wood Mackenzie and Brook Hunt can enhance the quality of industry analysis we provide.

"This acquisition will accelerate, broaden and deepen the expansion of our overall product suite and help strengthen our position in the oil & gas, mining, utilities and financial sectors."

Richard Wilson, Managing Director of Brook Hunt added; "Over recent years the mining and metals industry has shared similar dynamics to the energy industry such as; disconnects between supply and demand; a need for investment; the entrance of new players and consolidation of existing players. All of these factors are driving an increase in demand for high quality commercial analysis and therefore provide Brook Hunt with a great opportunity for growth, which we will now be able to realise as part of Wood Mackenzie."

This deal is the third acquisition made by Wood Mackenzie since July 2005, when the leading European buyout house Candover first invested in the company, and reinforces the company's strategy to complement organic growth with infill acquisitions.

Wood Mackenzie was advised by Deloitte & Touche LLP. Brook Hunt shareholders were advised by van Tulleken.

More information about Brook Hunt can be found on their website at www.brookhunt.com.