Re Contract

Rolls-Royce PLC
23 July 2002



                                                                    23 July 2002


       ROLLS-ROYCE TRENT 700 TO POWER ADDITIONAL A330s FOR CIT AEROSPACE


Rolls-Royce today (23 July 2002) announced that it has received US$75 million
worth of Trent 700 engine business for three Airbus A330-200 aircraft ordered by
CIT Aerospace, a unit of CIT Group Inc.


C. Jeffrey Knittel, President, Aerospace, CIT Aerospace, and Charles Cuddington,
Managing Director - Airlines, Rolls-Royce, signed the contract during a ceremony
at the Farnborough Air Show.

With today's announcement, the US-based aircraft leasing company has now
selected the Trent 700 to power 80 per cent of its A330 fleet. The company's
current Rolls-Royce-powered fleet includes three A330s, with a fourth to be
delivered in 2002; one Boeing 777, and nine Boeing 757s.


Charles Cuddington said: 'CIT Aerospace is a valued customer whose repeat
business is a strong reflection of the Trent 700's continued success in the A330
market.'


Firm orders for Trent 700-powered aircraft total 134, representing a 37 per cent
share of the A330 market. The Trent 700 engine is in service with 23 customers.


CIT Aerospace has more than 90 airline customers worldwide and a portfolio of
more than 250 commercial aircraft from all major aircraft manufacturers. CIT
Aerospace offers customised leasing and financing packages for new and used
aircraft with a special focus on operating leases for commercial airlines.


For more information, please contact:

Rolls-Royce Media Centre at the Farnborough Air Show
Chalet Row D, 1-4
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Website:  www.rolls-royce.com


                      This information is provided by RNS
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