Avingtrans Regulatory News (AVG)

2 Sep 2008 07:00

Embargoed Release: 07:00hrs Tuesday 2nd September 2008

Avingtrans Plc ("Avingtrans" or the "Group") Major contract win with Rolls-Royce Group Plc

Avingtrans Plc (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the medical, energy, industrial and global aerospace sectors is delighted to announce it has signed a Long Term Agreement with Rolls-Royce Group Plc.

The Group will supply rigid pipe assemblies and components from its Aerospace Division, B&D Patterns in the UK and Sigma Precision Components in Chengdu, China. The total value of the agreement is expected to be in excess of $40m.

Roger McDowell commented:

"We are very pleased that our Aerospace Division has been able to secure this prestigious contract with Rolls-Royce Group Plc. The combination of a capable UK-based business combined with our established capability in China, enable us to deliver significant value over the life of this Long Term Agreement."

-ENDS-

For further information, please contact:

Avingtrans Plc

Roger McDowell, Non-Executive Chairman

Tel: 0115 949 9020

KBC Peel Hunt (Nominated Adviser and Broker)

Julian BluntDavid AndersonTel: 020 7418 8900Hansard GroupAdam ReynoldsTel: 020 7245 1100