Interim Management Statement

For immediate release 1 November 2013

Meggitt PLC

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 July 2013 to 31 October 2013 and constitutes Meggitt's second 2013 interim management statement as required by the UK Listing Authority's Disclosure and Transparency Rules.

Underlying trading during the period covered by this statement has been slightly below expectations, principally due to short term production difficulties at Meggitt Sensing Systems and the timing of contract wins and project milestones in one of our energy businesses.Civil aftermarket revenues continued their gradual recovery, up 2% year on year in the third quarter. Encouragingly, military revenues remained flat despite sequestration.

As a result of the above, and reflecting also the strengthening of sterling against the US dollar in the second half, the Group now expects a 2013 revenue growth rate in the low single digits.

Separately, the Group has recently identified a raw material supply issue relating to one product type dating back to 2012. A solution is in place, including where necessary the replacement of the relevant parts over the next few years. The cost of this issue is uncertain but we are providing £20m to account for the expected total financial exposure over the coming years.

The integration work following the acquisition of PacSci in 2011 is now complete following the formal opening of the new combined fire detection and suppression facility in California in September, with total synergies of $25m having been achieved against our original target of $18m.

The Group continues to invest significantly in site consolidations, capacity expansion and new product development work following recent significant programme wins, as well as the roll-out of the on-going Meggitt Production System which is already delivering tangible improvements in quality and delivery. During the third quarter we completed the co-location of our two North American sensor businesses onto one campus in California and our two avionics businesses onto one site in Fareham, UK. We also continued to add to our capabilities in the period with the acquisition of Piezotech for $42m in August. The financial position of the Group remains strong.

Civil aerospace end market indicators remain encouraging, with large jet original equipment deliveries at record levels and aircraft utilisation continuing to improve, underpinned by strong load factors across the industry. These indicators give us confidence in good future growth in civil revenues. The military outlook remains less certain due to the lack of visibility on sequestration in the USA. Prospects for the energy market remain very encouraging.

Based on current projections, and notwithstanding the uncertainty in military end markets, the Group continues to expect percentage constant currency revenue growth in the mid-single digits in 2014.

ENQUIRIES

Meggitt PLC +44(0)1202 597597Richard Cashin, Group Head of Investor Relations

Buchanan +44(0)20 7466 5000Charles Ryland, Jeremy Garcia or Helen Greenwood

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.

ENDS

www.meggitt.com