Contract Awarded

ROLLS-ROYCE PLC
12 October 1999

ROLLS-ROYCE  WINS $45M EXECUTIVE JET MAINTENANCE CONTRACT

Rolls-Royce plc announced today the signing of a 15-year contract worth around
US$45 million with Executive Jet for the maintenance of BMW Rolls-Royce BR710
engines powering its NetJets fleet of Gulfstream V twin-engined aircraft.

The agreement, which is based on a fixed price per flying hour per engine,
covers all shop maintenance of the engines by the Rolls-Royce facility in
Montreal.  Executive Jet takes delivery of its first Gulfstream Vs in October
2000.

Rolls-Royce is a recognised leader in the repair and overhaul of aero engines.
 Its 520,000 square foot facility in Montreal is equipped with the latest
diagnostic, test and repair technology in the industry.  Five test cells are
available, with a sixth one due to be operational by February 2000.

Executive Jet, through its NetJets fractional ownership programme offers
fractional shares in business aircraft including various models of Cessna
Citations, Raytheon Hawkers, the Dassault Falcon 2000, the Gulfstream IV-SP,
Gulfstream V and the Boeing Business Jet.  This allows an individual or
company all the convenience of owning a business jet at a fraction of the
cost.  Fractional owners have guaranteed use of their aircraft 24 hours a day,
365 days a year with just a few hours advance notice.

Pierre Racine, President - Rolls-Royce Canada Ltd, said : 'Rolls-Royce and
Executive Jet have been associated for many years.  This new agreement further
cements this relationship.  Furthermore, with the full support of the engine
manufacturer, BMW Rolls-Royce, we are fully confident of the success of this
multi-year programme.'

Note to editors:
Rolls-Royce plc is a global company meeting present and future requirements of
civil aerospace, defence, marine  and energy markets, with facilities in 14
countries.   Its core gas turbine technology has created one of the broadest
product ranges of aero engines in the world, with 55,000 engines in service
with 300 airlines, 2,400 corporate and utility operators and more than 100
armed forces, powering both fixed and rotary wing aircraft. In addition, more
than 30 navies use Rolls-Royce propulsion.  Energy markets include the oil and
gas industry and power generation.   


Rolls-Royce, the pioneer of gas turbine technology for aerospace, power
generation and marine propulsion,  is today involved in the major future
programmes  in these fields, including the Trent aero and industrial engines,
combat engines for the Eurofighter Typhoon and Joint Strike Fighter, and the
WR21 marine engine.

For further information please contact :

Robert N Baugniet
VP - Corporate Communications
Rolls-Royce North America Inc
Tel :        [phone] ext 6002
Fax :        [phone]