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Issue of Debt

23rd Apr 2009 16:28

23 April 2009 ROLLS-ROYCE ISSUES £500M FIXED-RATE BOND

Rolls-Royce Group plc announces that Rolls-Royce plc has issued a ten year £500 million bond under its £1.75 billion Euro Medium Term Programme.

The Group has taken the opportunity to refinance early given current market appetite and conditions for investment grade issuers.

The new bond carries a fixed-rate annual coupon of 6.75% and matures on 30 April 2019. The notes will be guaranteed by Rolls-Royce Group plc.

The £3.1 billion order book from over 160 investors ensured the transaction was six times over-subscribed. The success of this issue, confirms investors confidence in the creditworthiness of the Group.

The Group is rated A3 by Moody's Investors Service and A- by Standard and Poor's. Both ratings have a stable outlook.

The joint lead managers and joint bookrunners for the issue were Barclays Capital, BNP Paribas and J P Morgan Securities.

For further information please contact:

Mark AlflattDirector of Financial CommunicationsTel: +44 (0)20 7227 [email protected]

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