SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

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The directors present their report on the consolidated entity consisting of WorleyParsons Limited (Company) and the entities it controlled (Group or consolidated entity) at the end of, or during, the year ended 30 June 2015.

As announced in April 2014 and effective 1 July 2014, the business operations are managed and reported by business lines: Services, Major Projects, Improve and Development. This represents a change to the operating segments reported in the previous corresponding period. The historical segment results for the financial year ended 30 June 2014 have been restated to be comparable with the revised segmentation approach as required by AASB 8 Operating Segments.

On 24 October 2014, the Group acquired 100% of the voting shares of MTG Limited (MTG) and its controlled entities. MTG is a US based management consulting firm in the oil and gas, petrochemicals and chemicals industries with operations in North America, the United Kingdom and Australia. The acquisition was made as a building block in the growth of Advisian, the advisory business of the Group. The Financial Report includes the results of MTG for the eight month period from the acquisition date. On 2 December 2014, the Group also acquired 100% of the voting rights of Hadron Holdings Inc and its controlled entities (comprising the Atlantic Nuclear business (ANI)).