Rolls-Royce CorporateCare Business continues to grow

London, May 7, 2003 -- Rolls-Royce announced today (7 May) at the EBACE Business Aircraft Convention in Geneva, that its CorporateCare programme - the most comprehensive set of engine care options in corporate aviation - has booked new orders worth almost US$45 million so far this year with 29 customers worldwide.

Rolls-Royce now has 294 aircraft under CorporateCare or other flight hour agreements, with contract values exceeding US$628 million.

"Our customers continue to respond positively to CorporateCare, which takes the surprises out of engine maintenance and engine management services," says Glenn Brown, Vice President of Customer Services and Aftermarket-Corporate Aircraft for Rolls-Royce. "Customers enrolled in CorporateCare benefit from higher aircraft residual values as well as predictability and control of maintenance costs. The programme represents the benchmark in terms of providing not only engine maintenance, but engine management services as well."

High-value services offered to CorporateCare customers include: The latest generation of engine health monitoring services; Support of the Rolls-Royce global customer services network; Guaranteed access to lease engines, and coverage of line replaceable parts and all engine change expenses for scheduled and unscheduled events.

Rolls-Royce European CorporateCare customers include: Shell Aircraft International of England; G5 Executive AG, Switzerland; Aviation 604 AG of Switzerland; Incledon/BMA Charter, Czech Republic and Windrose Air Jetcharter GmbH of Germany.

Note to editors

Rolls-Royce plc operates in four global markets - civil aerospace, defence aerospace, marine and energy. It is investing in technology and capability that can be exploited in each of these sectors to create a competitive range of products.

The success of these products is demonstrated by the company's rapid and substantial gains in market share over recent years. As a result, engine deliveries have grown and the company now has a total of 54,000 gas turbines in service worldwide. The investments in product, capability and infrastructure to gain this market position create high barriers to entry.

Rolls-Royce has a broad customer base comprising of more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces and more than 2,000 marine customers, including 50 navies. The company has energy customers in nearly 120 countries. Rolls-Royce employs around 37,000 people, of which 22,000 are in the UK. Forty percent of its employees are based outside the UK - including 5,000 in the rest of Europe and 8,000 in North America.

Most of the engines in service will have operational lives of 25 years or more, generating an assured aftermarket demand for the provision of spare parts and services. The company's strategy is to maximise aftermarket revenues, which have increased by 60 percent over the past five years due to the development of a comprehensive services capability.

Annual sales total nearly US$9 billion, of which over 40 percent currently comes from aftermarket services. The order book stands at more than US$26 billion, which, together with aftermarket demand, provides visibility as to future activity levels.

For more information, please contact:

Ms Benét J. Wilson, Senior Manager, Corporate Communications Rolls-Royce North America Inc. Tel: +1 (703) 621-2823 Fax: +1 (703) 709-6087 Email: benet.wilson@rolls-royce.com