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MDM and Foster Wheeler Merger Update

29 August 2014

MDM Engineering Group Limited (AIM: MDM), the minerals process and project management company focused on the mining industry, today provides an update to the merger with Foster Wheeler, as announced on 13 March 2014 (the “Transaction”).

As outlined in the announcement of 13 March 2014, the Transaction is subject to a number of conditions precedent, including obtaining MDM shareholder approval, securing required regulatory approvals (including clearances from the South African Competition Authority and the Tanzanian Fair Competition Commission) and no material adverse changes or certain prescribed events (as defined in the MIA) occurring in relation to MDM’s business.

MDM shareholder approval and Tanzanian Fair Competition Commission consent have already been obtained, as announced on 9 May 2014 and 28 July 2014 respectively.

Regulatory approval from the South African Competition Authority is now expected to be received in mid to late September 2014.

The Company shall make a further announcement on receiving approval from the South Africa Competition Authority, which shall also include details of the expected timetable for completion and intended date for cancellation of the Company’s shares from AIM.


MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)

Tel: +27 (0) 11 993 4300

Canaccord Genuity Limited
NOMAD and Broker

Neil Elliot
Chris Fincken

Tel: +44 (0)20 7523 8000

Tavistock Communications
Financial Public Relations and Investor

Emily Fenton
Jos Simson

Tel: +44 (0)20 7920 3150


Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.



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