Re Contract

13 January 2004

ROLLS-ROYCE WINS $107M CONTRACT TO SUPPLY INDUSTRIAL TRENTS FOR MIDDLE EAST GAS
                                    PROJECT                                    

Rolls-Royce, a leading provider of gas turbines for global energy markets, has
announced it has won a $107 million contract from Dolphin Energy Limited. The
contract is to supply six mechanical drive industrial Trent Dry Low Emission
(DLE) compression packages for the $3.5 billion Dolphin Gas Project in the
Middle East.

This project features a 400 km-plus sub-sea pipeline between Qatar and the
United Arab Emirates (UAE). Shareholders in the project are the Government of
Abu Dhabi with 51 per cent, Total, 24.5 per cent, and Occidental Petroleum,
24.5 per cent.

The Rolls-Royce industrial Trent packages will drive natural gas compressors to
provide front-end gas boosting for the underwater pipeline, supplying gas from
Ras Laffan, Qatar, to the Emirate of Abu Dhabi in the United Arab Emirates.
Each Trent package will drive a Dresser-Rand DATUM centrifugal gas compressor.

"This project marks two very significant `firsts'," said Tom Curley, President
of the Rolls-Royce Energy Business. "It is the first time that an international
energy network will connect the UAE, Qatar and Oman nations," he said, "and it
marks the first installation of Rolls-Royce industrial Trent mechanical drive
packages.

"We are very pleased to have been selected as a major supplier to help
facilitate the trading of natural gas between these nations," said Curley.

Based on the proven aero Trent engine, the industrial Trent is the latest
product for energy applications from Rolls-Royce, and the most advanced
aeroderivative industrial gas turbine available today. The Dolphin project
installation, which will utilise state-of-the-art Rolls-Royce dry low emission
technology, represents the first application of the product in gas compression
service.

The Dolphin project will initially transport two billion cubic feet per day of
natural gas to the United Arab Emirates. One of the largest energy-related
projects currently undertaken in the Middle East, it is projected to produce
and supply natural gas to the Emirates for the next 25 years, starting in 2006.

The equipment will be packaged at the Rolls-Royce Mount Vernon, Ohio, USA
facility, for delivery between the 2nd and 3rd quarters of 2005. The
Dresser-Rand compressors will be manufactured, and a full-load full-pressure
string test conducted, at Dresser-Rand's Olean, New York, USA facility before
delivery in 2005.

For further information please contact

Gary Hyman

Head of Communications - Energy Business

Rolls-Royce

Tel: [phone]

Email: [e-mail]

Web www.rolls-royce.com

Richard Catling

Crest Communications (PR) Limited

Tel: [phone]

Email: [e-mail]