21 December 2022  

Rolls-Royce Holdings plc

DIRECTORATE CHANGES

Rolls-Royce Holdings plc (the Company) (LSE:RR., ADR:RYCEY) confirms that Lee Hsien Yang, Non-Executive Director, will step down from the Board on 31 December 2022, having completed his nine-year term of office at the end of 2022.

Anita Frew, Chair, Rolls-Royce, said: 'I would like to thank Hsien Yang for his tremendous support since joining the Board in 2014. His tenure, contribution and insights have been invaluable to the Board and to his role as Employee Champion for Asia Pacific. It has been a great pleasure to work alongside him and we wish him well for the future.'

As previously announced, Tufan Erginbilgic will succeed Warren East as Chief Executive of the Company on 1 January 2023. In compliance with section 430(2B) of the Companies Act 2006, full details of remuneration payable to Warren East will be disclosed at www.rolls-royce.com on 1 January 2023.

The Company also confirms that Tufan Erginbilgic will step down as a non-executive director from both Türkiye Petrol Rafinerileri A.Ş and DCC plc with effect from 31 December 2022.

For further information, please contact:

Investors

Isabel Green

Head of Investor Relations, Rolls-Royce plc

Tel +44 (0) 7880 160976

Isabel.Green@Rolls-Royce.com

Media

Richard Wray

Director of External Communications & Brand, Rolls-Royce plc

Tel +44 (0) 7810 850055

Richard.Wray@Rolls-Royce.com

www.rolls-royce.com

About Rolls-Royce

1.    Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.

2.   Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.

3.  Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

4. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)