Re Contract

RNS Number : 4835H

Rolls-Royce Holdings plc

20 June 2013

June 20, 2013

ROLLS-ROYCE SELECTED TO POWER 20 PHILIPPINE AIRLINES AIRCRAFT

Rolls-Royce has been selected by Philippine Airlines to deliver Trent 700 engines, worth $1.4 billion at list prices, to power 20 Airbus A330 aircraft.

This is the first selection of Trent engines by Philippine Airlines and also includes long-term TotalCare® service support.

The Trent 700 is the market leading engine for the Airbus A330, and has won 70 per cent of new orders over the last four years. The engines will power aircraft that were announced by Airbus in 2012.

Ramon Ang, President and Chief Operating Officer, Philippine Airlines, said: "After a thorough evaluation of our options, the Trent 700 is the best solution for our fleet expansion. The engine will provide market-leading environmental performance, with low emissions, noise and fuel burn. The level of support offered by Rolls-Royce through TotalCare provides us with the ideal opportunity to effectively manage our engine maintenance and overhaul costs."

Eric Schulz, Rolls-Royce, President - Civil Large Engines, said: "We are very pleased to welcome Philippine Airlines into the family of Rolls-Royce engine operators We look forward to a long and successful relationship with Philippine Airlines as we deliver Trent 700s that will power its A330 fleet in the exciting and fast-growing Asia-Pacific market, supported with a comprehensive TotalCare package."

The Trent 700 is the only engine specifically designed for the Airbus A330. Rolls-Royce has more than 1,400 Trent 700 engines either in service or on order.

Notes to Editors:

1. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.

2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.

3. Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 31 December 2012, providing visibility of future levels of activity.

4. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.

5. In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.

6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company's engineers with the forefront of scientific research.

7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

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