WORLEY LIMITED — Capital/Financing Update 2007

Oct 29, 2007

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30 October 2007

ASX Release

WORLEYPARSONS LIMITED

(ASX: WOR)

WorleyParsons awarded Canadian power contract

WorleyParsons announces that Colt, its Canadian subsidiary, has been awarded a contract by EPCOR and TransAlta for the engineering and construction management (EPCM) of the C$1.6 billion Keephills 3 super-critical coal - fired power project in Edmonton, Alberta.

The project is jointly owned by EPCOR and TransAlta, and is scheduled for commercial operation in the first quarter of 2011.

Colt has been involved in the project from feasibility in 2006 and has completed the preliminary design and performance specification. The contract value is C$45.7m for the EPCM phase with an incentive arrangement linked to project cost savings and schedule.

Colt's scope includes detailed design of the balance-of-plant facilities and construction management which will be executed as an integrated team with EPCOR.

Commenting, the Chief Executive Officer of WorleyParsons, Mr John Grill said: “This contract continues our strong relationships with EPCOR and TransAlta. The award builds on Colt’s previous successful Genesee 3 super-critical coal-fired power project and further demonstrates our ability to grow the Power business in Canada.”

For further information please contact:

David Housego Chief Financial Officer Ph: +61 2 8923 6866

Geoff Fowlstone Fowlstone Communications Ph: +61 2 9955 9899 Mob: +61(0) 413 746 949

geoff@fowlstone.com.au