Interim Management Statement

28 April 2010

                       AGM AND INTERIM MANAGEMENT STATEMENT

Rolls-Royce Group plc is today hosting its 2010 Annual General Meeting at the
Queen Elizabeth II Centre in London.

Sir John Rose, Chief Executive, will make a presentation to shareholders
reflecting the content of the following Interim Management Statement:

Current trading

"Whilst we are seeing signs of stabilisation and modest improvement in some
parts of the global economy, to which our businesses are exposed, the overall
environment remains challenging. Additional pressure has been placed on some of
our customers by the recent disruption to the European aviation industry as a
result of volcanic eruptions in Iceland.

"Trading performance in the year to date has been consistent with our
expectations and our current view of the full year performance remains in line
with that at the time of our preliminary results in February 2010. The Group's
balance sheet is robust and its financial position and credit rating remain
strong. Average net cash balances in the first quarter of 2010 were similar to
those in 2009.

"As a result, we continue to expect underlying revenue, underlying profits and
average net cash balances to be broadly similar to those achieved in 2009
despite a modest cash outflow in 2010".

The Group will report its interim results for the six month period ending 
30 June 2010 on 28 July 2010.

A consistent strategy

"I am pleased with the progress that Rolls-Royce has made over the last few
years. The disciplined application of our mission critical power systems
strategy over more than two decades has made our business more broadly based,
better balanced and as a consequence more resilient.

"We have maintained our focus and continued to invest in technology, product
and infrastructure, making further strong progress in 2009 in all of these
areas. It is pleasing that we have recently completed the acquisition of ODIM
ASA, for an outlay of £150m, expanding the capabilities of our Marine business
and further reinforcing our strong position in the offshore oil and gas sector.

"We have continued to extend our international footprint by investing in
operational capabilities and extending our supply chain. New facilities in the
USA, Singapore, Germany and the UK will progressively come into operation over
the next few years, adding capacity to support volume growth, as well as
supporting our key initiatives on cost reduction and productivity improvements.

"Today the portfolio is better balanced in terms of geographical spread, the
range of our businesses and the proportion of revenue generated by services.
The combination of the high technological content of our products and services,
our ability to integrate technologies into complex power systems and our
understanding of our customers' requirements has created significant barriers
to entry and new opportunities for long-term growth.

"The strong market positions we have built are reflected in our record order
book, the significant number of new programmes that will come to market over
the next few years and the Group's growing installed base of products. These
underpin our long-term growth and give us confidence that our revenues can
double over the next decade".

For further information please contact:

Investor relations:
Mark Alflatt
Director of Financial Communications
Rolls-Royce plc
Tel: [phone]
[e-mail]

Media relations:	
Josh Rosenstock 
Head of Corporate Communications 
Rolls-Royce plc
Tel: [phone] 
[e-mail]