AGM and interim management statement

FOR IMMEDIATE RELEASE 07 May 2014

Meggitt PLC

AGM and interim management statement

Meggitt PLC ("Meggitt" or "the Group"), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, today issues the following interim management statement. This statement covers the period from 1 January 2014 to 6 May 2014 and constitutes Meggitt's first 2014 interim management statement as required by the UK Listing Authority's Disclosure and Transparency Rules.

At the AGM, Sir Colin Terry, KBE, CB, Chairman of Meggitt PLC will comment:

"Trading during the first four months of 2014 has been broadly in line with expectations. There was further organic1 growth in civil OE, a continuation of the improving civil aftermarket trend we saw during the second half of 2013 and, reflecting a strong prior-year comparator, flat energy revenues. These were offset by a decline in military resulting, in part, from the completion of two significant retrofit contracts during 2013.

The Group continues to expect mid-single-digit organic revenue growth for the year, significantly weighted towards the second half, in line with guidance issued with the 2013 full-year results in March. As previously advised, reported revenue will be impacted by disposals made during 2013 and the effect of the recent strengthening of sterling against our major translation currencies of the US dollar, euro and Swiss franc.

The financial position of the Group remains very strong and we expect further improvement driven by our ongoing focus on cash generation.

Following the successful completion of the integration of Pacific Scientific Aerospace in 2013, we have realigned certain of the acquired businesses into the most appropriate Group business units. The power conversion, distribution and storage businesses have been transferred from Meggitt Equipment Group into Meggitt Sensing Systems to leverage the Group's electrical and power capabilities under one management team. Our fire protection businesses have been transferred from Meggitt Equipment Group to Meggitt Control Systems to create a more focused engine accessories business unit. 2014 results will be reported on the new basis, with prior-year comparators to be provided for both the first half and full-year results.

Having had the privilege of chairing the Board of Directors for nearly ten years, I am announcing my intention to retire following the appointment of a suitable successor. It is intended that the appointment will be made with an appropriate transition period in time for me to retire at the end of the 2015 Annual General Meeting."

 1 Organic numbers exclude the effect of acquisitions, disposals and foreign exchange.

Enquiries:

Meggitt PLC +44(0)1202 597597

Richard Cashin, Group Head of Investor Relations

Buchanan +44(0)20 7466 5000

Charles Ryland/ Jeremy Garcia/ Louise Mason

Cautionary statement

This Interim Management Statement, including information included or incorporated by reference in this Interim Management Statement, may contain forward-looking statements concerning Meggitt PLC or its group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this Interim Management Statement. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.