Disposal

Meggitt PLC

Disposal

Meggitt disposes of Sunbank connectors business to Esterline Corporation

Meggitt PLC, the global aerospace, defence and energy group announces that it has disposed of its Sunbank connectors business to Esterline Corporation.

The disposal realised a cash consideration of $45.0 million, subject to customary post-closing adjustments to working capital, plus an earn-out of up to $5 million.

 David Johnson, President, Meggitt Equipment Group said:

 "I am very pleased with the successful execution of this transaction. We have achieved good value for our shareholders, and have found an excellent home for the business."

ENDS

For further information please contact:

Meggitt PLC

Richard Cashin, Investor Relations Tel: 01202 597597

Fiona Greig, Corporate Communications

BuchananCharles Ryland, Jeremy Garcia and Helen Greenwood Tel: 0207 466 5000