We refer to our announcements dated 15th December 2011 and 13th January 2012 in respect of WSP Holdings Limited’s (“WSP”) plan to effectuate a change in the ratio of its American Depositary Shares (“ADS”).

UMW wishes to announce that WSP had, on 3rd February 2012, announced to the New York Stock Exchange (“NYSE”) that WSP will change the ratio of its ADS to ordinary shares (“Shares”) from 1:2 to 1:10 (“Ratio Change”), effective 15th February 2012.

Pursuant to the Ratio Change, the holders of WSP’s ADSs will be entitled to receive one (1) new ADS, each representing ten (10) Shares, beginning 15th February 2012 in exchange for every five (5) ADSs, each representing two (2) Shares, currently held by them.  No new shares will be issued in connection with the Ratio Change.  JPMorgan Chase Bank, N.A. will arrange for the exchange of their current ADSs for new ADSs.  As a result of this Ratio Change, the ADS price is expected to automatically increase proportionally.

The details of the Ratio Change are contained in the copy of the announcement made to the NYSE on the matter, enclosed herewith as Appendix A.

cc    -   Securities Commission

            (Issues & Investment Division)