Completion of acquisition

Meggitt PLC

Completion of acquisition

Meggitt PLC

21 December 2015

Meggitt PLC

("Meggitt")

Meggitt completes acquisition of the composites division of EDAC

Further to the announcement made on 22 September 2015, Meggitt confirms that the US$340 million acquisition of the composites division of EDAC has now received the customary US regulatory approvals and the transaction has been completed.

The acquired businesses will be integrated into Meggitt's polymers and composites division.

Stephen Young, Chief Executive, commented:

"This acquisition, in tandem with the recently completed acquisition of the composites businesses of Cobham plc, substantially enhances our composites capability. We are now very well positioned to meet a growing demand for high performance, lightweight materials that will be a pervasive feature of next generation aircraft. The Group extends a warm welcome to our new employees and looks forward to our continuing success together."

ENDS

For further information, please contact:

Meggitt PLCDoug Webb, Chief Financial OfficerRichard Cashin, Group Head of Investor Relations - Tel: 01202 597597

Buchanan CommunicationsCharles RylandRichard Oldworth - Tel: 0207 466 5000

Editor's notes:

About the composites division of EDACThe composites division of EDAC is a rare, scale player in civil engine and other composite components. The business has sites in Erlanger (Kentucky), Cincinnati (Ohio) and two sites, one of which is a joint venture with UTC Aerospace Systems, in Saltillo, Mexico.

The business has a combined workforce of approximately 580, and benefits from strong positions on a broad range of civil aerospace platforms including the high-growth GEnX, LEAP and Pratt & Whitney PurePower engines.

Meggitt PLCMeggitt PLC is a leading international engineering group specialising in aerospace, defence and energy markets. Meggitt's goal is to increase and strengthen its presence in long-term growth markets through proprietary product development reinforced by strategic acquisitions and investment in people and facilities. Meggitt's well-balanced portfolio offsets variation in demand from the market niches within which it operates.