Director Shareholding

DIRECTOR SHAREHOLDINGS

                                                                               

Rolls-Royce plc announces that on 28 March 2003 options were granted to
executive directors under the rules of the Rolls-Royce 1999 Executive Share
Option Plan (the Plan) at an option price of £0.77 per share as follows:-

 

                                                NUMBER OF OPTIONS

Sir JOHN ROSE                               798,702

J P CHEFFINS                                  499,189

C H GREEN                                      465,910

J M GUYETTE                                   506,084

A B SHILSTON                                 633,117

 

Exercise of these options may normally only occur from the third anniversary of
grant and is generally subject to the satisfaction of a corporate performance
target. 

 

For further information, please contact:-

John Warren - Deputy Company Secretary - Tel. [phone]