Re Contract

15 March 2012

        ROLLS-ROYCE WINS £45M CONTRACT FROM HYUNDAI TO DESIGN AND EQUIP 
                           FOUR OFFSHORE VESSELS                                    

Rolls-Royce, the global power systems company, has today received an order from
Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four
deepwater platform supply vessels.

The contract is worth more than £45 million to Rolls-Royce and includes options
for a further two vessels of the same type.

The vessel designs are UT 776 CD - a development of the popular Rolls-Royce 
UT 700 series, designed specifically for supplying equipment and services to
deepwater oil and gas platforms.

Jørn Heltne, Rolls-Royce, Senior Vice President Ship Technology Offshore, said:

"Rolls-Royce UT design vessels are the benchmark in the deep water offshore 
oil and gas sector, combining proven ship design with leading edge marine
technology. This latest order develops our long term relationship with Hyundai
as a builder of these advanced vessels, designed to operate safely in the most
challenging conditions."

Hyundai's President and CEO Mr. W.G. Choe said: "We are extremely pleased to
enter into this deepwater market segment by building offshore vessels of a
world leading design from Rolls-Royce."

The 4,400 tonne, 97 metre long vessels will feature a range of Rolls-Royce
equipment including a diesel-electric propulsion system which improves fuel
efficiency and lowers emissions when operating at reduced power levels. The
propulsion system meets current Clean Design standards - an industry-specific
range of stringent environmental and safety requirements that, through the
design of the vessel, reduce emissions to sea and air.

The vessels will be built at the Hyundai's shipyard in Ulsan, Korea, and are
due to be delivered in 2013 and 2014.

Notes to Editors:

1. Rolls-Royce is a world-leading provider of power systems and services for
   use on land, at sea and in the air, and has established a strong position in
   global markets - civil aerospace, defence aerospace, marine and energy.

2. As a result of this strategy, Rolls-Royce has a broad customer base
   comprising more than 500 airlines, 4,000 corporate and utility aircraft and
   helicopter operators, 160 armed forces, more than 4,000 marine customers,
   including 70 navies, and energy customers in more than 80 countries.

3. Annual underlying revenues were £11.3 billion in 2011, of which more than
   half came from the provision of services. The firm and announced order book
   stood at £62.2 billion at 31 December 2011, providing visibility of future
   levels of activity.

4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service 
   facilities in over 50 countries. Over 11,000 of these employees are engineers. 

5. In 2011, Rolls-Royce invested £908 million on research and development, 
   two thirds of which had the objective of further improving the environmental
   performance of its products, in particular reducing emissions.

6. Rolls-Royce supports a global network of 28 University Technology Centres,
   which connect the company's engineers with the forefront of scientific
   research.

7. The Group has a strong commitment to apprentice and graduate recruitment and
   to further developing employee skills.

For further information, please contact:

Investors:                                                       
Simon Goodson
Director - Investor Relations
Rolls-Royce Holdings plc
Tel: [phone]
[e-mail]

Media:
Josh Rosenstock
Director of External Communications
Rolls-Royce Holdings plc
Tel: [phone]
[e-mail]

www.Rolls-Royce.com