Private Placement of USD 600m

For Immediate Release 1 June 2016

Meggitt PLC

Private Placement of USD 600m

Meggitt PLC ("Meggitt") has completed a private placement of senior notes with 23 US based investors for a total consideration of USD 600m in 7 and 10 year maturities. The transaction has a weighted average maturity of 8.5 years, and an all-in funding cost of 3.46%. Funds will be received on 6 July 2016.

The net proceeds will be used to refinance the bilateral credit facilities secured in 2015.

Doug Webb, CFO of Meggitt, said: "We are pleased that this attractively priced issue enables us to capitalise on current low interest rates and Meggitt's strong market rating to secure longer term funding at a low cost, whilst at the same time further diversifying our debt investor base. This is consistent with our commitment to maintaining a strong balance sheet to support our investment plans."

ENDS

For further information contact:

Meggitt PLCRichard Cashin, Investor Relations - Tel: 01202 597597Fiona Greig, Corporate Communications

Buchanan

Charles Ryland, Richard Oldworth - Tel: 020 7466 5000

Editor's notes:

Meggitt PLC

Meggitt PLC is a leading international engineering group specialising in aerospace, defence and energy markets with a consistent record of strong financial performance. Meggitt's goal is to increase and strengthen its presence in long-term growth markets through proprietary product development reinforced by strategic acquisitions and investment in people and facilities. Meggitt's well-balanced portfolio offsets variation in demand from the market niches within which it operates.