Re Joint Venture

28th June 2012

               ROLLS-ROYCE AND LG ANNOUNCE INVESTMENT TO
          ADVANCE SOLID OXIDE FUEL CELL TECHNOLOGY DEVELOPMENT

Rolls-Royce, the global power-systems company, and LG, the electronics,
chemicals and telecommunications conglomerate, are pleased to announce that LG
has invested US$45m to acquire a 51% shareholding in Rolls-Royce Fuel Cell
Systems (US) Inc.

Rolls-Royce Fuel Cell Systems (US) Inc., which is based in North Canton in the
State of Ohio, U.S.A., has changed its name to LG Fuel Cell Systems Inc.

LG Fuel Cell Systems Inc. will continue to further the research, development,
testing and commercialisation of solid oxide fuel cell technology aimed at
megawatt-scale distributed power generation for industrial, commercial, and
electric utility markets and applications.

LG Fuel Cell Systems Inc will have access to Rolls-Royce technical expertise
and continue to engage with the US Department of Energy's SECA (Solid State
Energy Conversion Alliance) Program.

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 plc 
Tel: [phone]                                          
[e-mail]                              

Media: 

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

www.Rolls-Royce.com