Meggitt completes five-year bank refinancing

For Immediate Release 30 September 2014

Meggitt PLC

Meggitt completes five-year bank refinancing

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, announces that the Group has refinanced its bank facilities.

The new 5 year, $900 million committed revolving credit facility, from 13 international banks, replaces existing facilities of $700 million and $400 million due to expire in 2016 and 2017 respectively . The new facility includes one-year extension options at the end of the first and second years.

As a result, the Group will accelerate the amortisation of £1.7 million of debt issuance costs in 2014. The initial margin payable under the new facilities is around 25 basis points lower than the average margin payable prior to refinancing. The other principal terms and conditions are unchanged.

Doug Webb, Chief Financial Officer, commented:

"This timely refinancing demonstrates the ongoing support of Meggitt's relationship banks while allowing us to benefit from the prevailing favourable market conditions to extend our debt maturity on more cost effective terms."

For further information please contact:

Meggitt PLCStephen Young, Chief Executive

Doug Webb, Chief Financial Officer

Richard Cashin, Investor Relations Tel: 01202 597597

BuchananCharles Ryland, Jeremy Garcia and Louise Mason Tel: 0207 466 5000

About Meggitt PLC

Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs nearly 11,000 people at more than 60 manufacturing facilities and regional offices worldwide. www.meggitt.com