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K&F 7-3/4% 2014 Notes-Update

23rd Jul 2007 15:39

Meggitt PLC23 July 2007 NOT FOR ISSUE IN THE UNITED STATES, CANADA OR JAPAN For Immediate Release 23 July 2007 Meggitt PLC Meggitt PLC announces that its subsidiary, K&F Industries, has received tendersand consents in respect of 99.97% of its 7-3/4 Senior Subordinated Notes due2014 by the Consent Time. Meggitt announces that its subsidiary, K&F Industries, Inc ("K&F"), has receivedtenders and consents from the holders of $314.9m of its outstanding 7 3/4%Senior Subordinated Notes due 2014 by the Consent Time (being 5.00pm, New Yorktime on Friday, 20 July 2007). This represents approximately 99.97% of theaggregate principal amount and allows K&F to adopt specific amendments to theindenture governing the Notes which effectively eliminate or modifysubstantially all the restrictive covenants applicable to the Notes. The Offer is scheduled to expire at midnight, New York time, on 3 August 2007,unless extended at the sole discretion of K&F or earlier terminated. For further information, please contact: Meggitt PLCTerry Twigger, Group Chief ExecutiveStephen Young, Group Finance DirectorOffice: +44 1202 597597 Buchanan CommunicationsCharles RylandJeremy GarciaOffice : +44 20 7466 5000 www.meggitt.com This information is provided by RNS The company news service from the London Stock Exchange

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