Rolls-Royce Holdings: Share Buyback Update

Further to the announcement on 10 December 2014, Rolls-Royce Holdings plc (the “Company”) announces that the first £250m tranche of the share buyback has been completed.

The Company has today initiated the second £250m tranche to enable the purchase of its ordinary shares.

The aim of the buyback is to reduce the issued share capital of the Company, helping enhance returns for shareholders.

The second £250 million tranche will be a non-discretionary programme (the “Programme”) and is irrevocable, when the Company is in a prohibited period. The purchases made under the Programme will be managed by Morgan Stanley who will make their trading decisions in relation to the Company’s securities independently of, and uninfluenced by, the Company.

Any purchases pursuant to these arrangements will be carried out within certain pre-set parameters and in accordance with the Listing Rules, other applicable law and the limitations of the repurchase authority approved at the last Annual General Meeting of shareholders.

The shares to be purchased on behalf of the Company will either be cancelled or held in treasury.