Rolls-Royce Names New Financial Services VP for the Americas

CHANTILLY, Va., Aug. 3, 2004 -- Rolls-Royce today announced the appointment of Marc Allinson as Vice President - Financial Services, for the Americas effective immediately. In this role, Allinson is responsible for all customer finance for commercial aviation clients across North and South America. He reports to William T. Powers, Executive Vice President and CFO, Rolls-Royce North America Inc. and receives business direction from Mark Arundell, Managing Director, Rolls-Royce Capital. He is based in the company's regional headquarters in Chantilly, VA.

"We're delighted to have Marc join the Rolls-Royce team," said Powers. "We operate in highly competitive, complex financial arenas and need the right financial personnel in place to deliver results for our customers and shareholders."

Allinson joins Rolls-Royce from the Board of debis AirFinance USA, Inc. and debis AirFinance Inc. Allinson's earlier career was at JP Morgan Chase and its predecessor The Chase Manhattan Bank where he held increasingly senior capital markets and investment banking roles in support of the firm's global transportation activities. He has more than 20 years of experience in aviation finance.

Allinson holds a B.S. from Union College and an MBA from Carnegie-Mellon University.

Rolls-Royce operates in four global markets -- civil aerospace, defense 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. 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 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 35,000 people, of which 21,000 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.

The large installed base of engines generates demand for the provision of services. A key element of the company's strategy is to maximize services revenues, which have increased by 60 percent over the past five years, by the provision of a comprehensive portfolio of services.

Annual sales total nearly 6 billion pounds Sterling, of which 50 percent are services revenues. The order book is over 18 billion pounds, which, together with demand for services, provides visibility as to future activity levels.