Contract Win

For immediate release 16 November 2011

Meggitt PLC ("Meggitt")

Contract win

Heatric to supply PCHEs for world's first floating LNG facility

Heatric, a Meggitt group business unit, has been awarded a contract by Technip, as part of the Technip-Samsung Consortium, to supply 18 printed circuit heat exchangers (PCHEs) for the Shell Prelude Floating LNG Project, the world's first floating liquefied natural gas facility. The order is the largest received by Heatric.

The compact, high duty, high pressure PCHEs will be used for gas dehydration, cold recovery, gas and refrigerant compression coolers and NGL extraction. They will be installed on the topsides of the Prelude facility, with a total weight of 400 tons. The largest of the exchangers supplied will weigh about 45 tons.

Shell's Prelude floating liquefied natural gas facility will be moored over 200 kilometres offshore North West Australia in water about 250 meters deep. At 488 meters long and 74 meters wide, the Prelude FLNG facility will be the largest floating offshore facility in the world.

Heatric, a leading supplier of highly compact diffusion bonded heat exchangers, is part of Meggitt, the global aerospace, defence and electronics group. Heatric has supplied more than 1,700 PCHEs worldwide over the last 25 years, serving some of the world's largest customers within the oil, gas and petrochemical industries. Selection of PCHE technology for the Prelude FLNG facility follows more than 10 years' successful operation of PCHEs in a number of onshore LNG facilities for Shell and other clients.

ENDS

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About Meggitt PLC

Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy. Meggitt employs over 10,000 people at around 40 manufacturing facilities and regional offices worldwide.

ENDS