Statement re Reduction of Capital

Announcement on 24 June 2003 Rolls-Royce Group plc: Reduction of Capital At a hearing today, the High Court approved the Rolls-Royce Group plc reduction of capital. The reduction of capital is expected to become effective at or after 4.30 pm on 25 June 2003 whereupon the nominal value of a Rolls-Royce Group plc ordinary share will be reduced from 70 pence to 20 pence.
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