Re Contract

21 November, 2005

                    ROLLS-ROYCE TRENT 1000 ENGINES SELECTED                    
                       BY LCAL TO POWER BOEING 787 FLEET                       

Newly-launched aircraft leasing company, LCAL (Low Cost Aircraft Leasing), has
announced its selection of the Rolls-Royce Trent 1000 engine to power six
Boeing 787 Dreamliners. The value of the engine deal alone is $160 million at
list prices, Rolls-Royce said today at the Dubai Air Show.

In addition, the engines will be covered by a TotalCare (TCA) service agreement
which gives lifetime protection for each powerplant and is portable between
LCAL's customers.

LCAL is the first leasing company to order the Trent-powered 787 and deliveries
are scheduled to begin in 2009.

Mike Terrett, President - Civil Aerospace at Rolls-Royce, said: "The Trent
1000 - powered Boeing 787 will enable LCAL to offer customers high levels of
efficiency and superior economics across a range of routes, and over the
lifecycle of their fleet. LCAL recognises the benefit under lifetime TCA of
being able to transfer aircraft between lessees without having to worry about
return conditions on the engines. This will speed up the business process,
leading to lower costs and less administrative burden.

"The emergence of LCAL demonstrates the opportunities inherent in today's
marketplace and we're delighted to be involved with this exciting new venture
at an early stage in its development."

Clive Joy, Chairman and Chief Executive of LCAL commented: "The evolutionary
development of the Trent family means that the Trent 1000 provides us with the
best balance between innovative new technology and proven capabilities. In
addition, TotalCare fits ideally into our business model of providing a
predictable, cost effective solution to our customers and will help to position
us as the leasing company of choice for the 787."

NOTE TO EDITORS

 1. LCAL is a newly-launched aircraft leasing company based in Hong Kong. It is
    aiming to provide low cost lease terms on the 787 to airlines worldwide.
   
 2. The Trent 1000 is the launch engine for the Boeing 787. It is due to fly
    for the first time on the Rolls-Royce flying test bed in the first quarter
    of 2007. Certification is scheduled for Summer 2007, shortly before the
    787's first flight. The Trent 1000 will enter into service on the 787 with
    ANA (All Nippon Airways) in mid-2008.
   
 3. The Trent 1000 is the fifth member of the Trent series, the first of which
    entered service in 1995. By the time the Trent 1000 flies, previous
    versions of the Trent will have accumulated around 35 million flying hours.
   
 4. The Trent 1000 has also been selected by ANA (All Nippon Airways), Air New
    Zealand, Northwest Airlines and LOT Polish Airlines.
   
 5. Risk and revenue sharing partners on the Trent 1000 programme are Carlton
    Forge Works, Goodrich Corporation, Hamilton Sundstrand, Industria de Turbo
    Propulsores (ITP), Kawasaki Heavy Industries (KHI) and Mitsubishi Heavy
    Industries (MHI).
   
 6. TotalCare agreements, tailored for individual customers, offer a range of
    services extending to aspects of support such as provision of lease
    engines, as well as repair and overhaul. Rolls-Royce takes full
    responsibility for care of the engine fleet in return for payment by the
    customer of an agreed dollar rate per flying hour.
   
For further information contact:

Annalie Brown

Communications Manager - Civil Aerospace

Rolls-Royce

Derby, UK

Tel: [phone]

Mob: [phone]

Email: [e-mail]