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News of October 16, 2002


Axel Arendt to chair Rolls-Royce Deutschland

Rolls-Royce plc announced today that Axel Arendt has been appointed Chairman of Rolls-Royce Deutschland and is also to join the Group Executive of Rolls-Royce plc.

Mr Arendt, 53, joins Rolls-Royce from EADS European Aeronautic Defence and Space company, where he had been Chief Financial Officer since 2000. He will take up his appointment on 1 November 2002.

John Rose, Chief Executive of Rolls-Royce plc, said today: "We are delighted that Axel is joining Rolls-Royce in Germany, which is an important operational centre for the company. It is significant that Rolls-Royce has developed the presence to attract an individual of Axel's calibre and I am looking forward to working with him as a member of the Group Executive.

" Rolls-Royce Deutschland is the only company in Germany to have complete capability for the development, certification, production and support for modern aero engines and it is where we have developed the highly successful BR700 family of engines."

Rolls-Royce Deutschland has an order book of euros 3.5 billion and sales in 2001 of euros 1.05 billion. It has 2000 employees and its main facilities are at Dahlewitz, near Berlin, and Oberursel, near Frankfurt.

Biography below:

Axel Arendt, Chairman, Rolls-Royce Deutschland

Axel Arendt (53), began his career in 1979 at Daimler-Benz AG, Stuttgart, which today is DaimlerChrysler AG. He then held a number of positions, in the car division, including Head of the Planning, Controlling Department at Bremen.

He was also a member of the Board responsible for finance, controlling and logistics with Mercedes-Benz Mexico from 1990 onwards. In 1994 he became President of Mercedes-Benz Argentina and then President of Mercedes-Benz Turkey.

In 2000, Axel Arendt returned to Germany to become Head of Finance and Controlling at Daimler Chrysler Aerospace AG (Dasa) and then Chief Financial Officer of EADS European Aeronautic Defence and Space company, the world's second largest aerospace and defence company, where he was also a member of the Executive Committee and member of the Board of Directors.

Axel Arendt, who graduated from the Technical University of Hanover with a degree in Mechanical Engineering and from the Technical University of Munich with a degree in Business Administration, is married with three children.

(Oct. 1, 2002)

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