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Rolls-Royce Signs Agreement With Executive Jet Aviation

26 July 2000

Rolls-Royce Signs US$103 Million Long-Term Engine Maintenance Agreement With Executive Jet Aviation

    ALDERSHOT, England - Rolls-Royce plc today announced the signing of a US$103
million Power by the Hour(R) agreement with Executive Jet Services, Inc. for 
engine maintenance on the company's fleet of Cessna Citation X aircraft.  This 
contract extends to 10 years a previous agreement covering all Rolls-Royce AE 
3007-powered aircraft either owned or managed by EJA, the world's largest 
commercial operator of business aircraft.

    All Rolls-Royce-powered aircraft operated by Executive Jet are now covered
under long-term engine maintenance programmes.  A similar contract for
Rolls-Royce-powered Gulfstream GIV and GV corporate jets was signed in late
1999.

    Financial and aftermarket services account for 40 per cent of Rolls-Royce
sales.  The company has developed a broad range of services in response to the
rapid growth of its customer base, the growing numbers of products in service
and the increasing requirement from customers for through-life support.

    Power by the Hour(R) agreements form part of a full range of services that
Rolls-Royce offers to its customers.  Under Power by the Hour(R), Rolls-Royce
provides a broad range of maintenance support in return for a fixed fee.

    Background information:

    *  The Rolls-Royce AE common core engine family has accumulated more than
       2.5 million flight hours since entering service.

    *  Rolls-Royce overhauls more than 1,500 aero-engines and 4,500 modules
       each year.  The company repairs 47 different engine types for 400
       customers through a worldwide network of 16 repair and overhaul
       operations on four continents.

    *  The company's aero repair and overhaul business continued to grow in
       1999 as a result of its comprehensive international network of repair
       bases and the growing installed base of engines.  Rolls-Royce won more
       than 100 repair and overhaul contracts during the year.

    *  The 7,600 lb thrust Rolls-Royce AE 3007 engine is the sole powerplant
       for the Citation X, which cruises at Mach 0.92, making it the world's
       fastest business jet.