Interim Management Statement

For immediate release 4 November 2011

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 2011 to 3 November 2011 and constitutes Meggitt's second 2011 Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules.

The strong organic (excluding Pacific Scientific and at constant currency) growth seen in the first half has continued into the third quarter, so we therefore remain confident of delivering low double digit organic growth in both orders and revenues for the full year despite the tougher Q4 comparators. All market segments have contributed strongly to this profile, with growth in Civil Original Equipment and Energy being particularly robust. This strength in OE puts us in an excellent position regarding future aftermarket revenues, although it will have a moderating impact on operating margin.

The financial position of the Group remains strong, driven by a good operating cashflow performance in the first half which has continued into the third quarter.

Pacific Scientific trading and integration continue to progress in line with expectations, and we are very confident of delivering the synergies announced at the time of the transaction.

We expect revenue growth in 2012 to be circa 10%, including the full year effect of Pacific Scientific, and organic growth of circa 6% in line with our medium term guidance. As disclosed at the Interim Results presentation in August, we expect a currency headwind as a result of the appreciation of the Swiss Franc. At current exchange rates, we estimate this to be approximately £16m in 2012.

Trading continues to be in line with our expectations, and the Group is well positioned for future growth.

ENQUIRIES

Meggitt PLC - +44(0)1202 597597

Richard Cashin, Group Head of Investor Relations

Buchanan Communications - +44(0)20 7466 5000

Charles Ryland, Jeremy Garcia or Helen Chan

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.