Share buyback programme

Share Buyback Programme

Meggitt PLC ("Meggitt" or the "Company") announces that it has entered into an arrangement with its broker, Bank of America Merrill Lynch, to commence on its behalf share repurchases under the Company's share repurchase programme ("Programme"). The Programme was approved by the Company's shareholders at its Annual General Meeting held on 7 May 2014 for up to a maximum of 79,742,441 of its ordinary shares, during the period commencing on 7 May 2014 and ending on the date of the Company's Annual General Meeting in 2015 or, if the Annual General Meeting has not been held by that date, 30 June 2015. The Company intends to request a similar general authority from shareholders at the next Annual General Meeting. It is intended that any shares purchased under this arrangement will be cancelled.

Any share repurchases under the Programme will be effected in accordance with the Company's general authority to repurchase shares and Chapter 12 of the UKLA Listing Rules which requires that the maximum price is an amount not higher than (i) 105 per cent of the average market value of the Company's shares for the five business days immediately preceding the date on which the Company's shares are purchased and (ii) that stipulated by Article 5(1) of the Buy Back and Stabilisation Regulation. 

Enquiries:

Meggitt PLC +44(0)1202 597597

Richard Cashin, Group Head of Investor Relations ([email protected])

Marina Thomas, Group Company Secretary ([email protected])

5 November 2014