Trading update

19 April 2016

Meggitt PLC

Trading update

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, today issues a trading update.

Trading during the first quarter of 2016 has been in line with expectations. Group revenue growth of 1% on an organic (excluding the effects of M&A and foreign exchange) basis was consistent with our previously announced expectation that revenue and earnings will be weighted towards the second half of the year following the atypical phasing in 2015.

Civil aerospace revenue grew 6% organically, within which organic aftermarket revenue growth was 7%. Military revenue grew 1% organically, while energy weakness persisted, as expected, resulting in a 15% organic decline for the period.

The Group made good progress against the cost reduction plans detailed in the full-year results announcement in February, and is confident in achieving the targeted headcount reduction of 400 by the end of the first half.

Overall, the Group continues to expect low single digit organic revenue growth for the year, in line with guidance issued with the 2015 full-year results in February. As previously advised, reported revenue growth will benefit from the favourable effect of the strengthening of the US Dollar against Sterling and the two composites acquisitions completed towards the end of 2015.

The investor day for analysts and investors being held today in Loughborough, UK, will be webcast live on the Meggitt website, www.meggitt.com. No new price sensitive information will be released during the course of the day.

ENQUIRIES

Meggitt PLC - +44(0)1202 597597

Stephen Young, Chief Executive

Doug Webb, Chief Financial OfficerRichard Cashin, Group Head of Investor Relations

www.meggitt.com

Buchanan - +44(0)20 7466 5000Charles Ryland, Richard Oldworth

www.buchanan.uk.com

Cautionary statement

This trading update, including information included or incorporated by reference in this trading update, may contain forward-looking statements concerning Meggitt PLC or its Group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this trading update. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.

ENDS