ITP Renews Its Turbines Agreement with Rolls-Royce and Extends It to Its New Generation Engines

PRESS RELEASE

ITP renews its turbines agreement with Rolls-Royce and extends it to its new generation engines

ITP, a company partially owned by SENER, and Rolls-Royce have signed today a strategic agreement of great importance for the future of the Company.

Zamudio, 5th March, 2015 - ITP and Rolls-Royce have signed this morning a strategic collaboration agreement whereby ITP becomes the supplier of its low-pressure turbines - conventional turbines - and of the new high speed turbines for its new generation engines - Ultrafan engines-.

Ultrafan engines are the future generation of engines on which Rolls-Royce is working at present, and are expected to be in service from 2025.

The agreement implies greater investment in R&D for the acquisition of technology. Altogether, in the next five years, ITP envisages a total investment of more than EUR 75 million.

The agreement has been possible thanks to the confidence that Rolls-Royce has in ITP, acquired through the design and development of the low pressure turbines for the Trent family engines, powering the Airbus A330, A340, A380, A350 and the Boeing 787, in which ITP participates since 1998 as a risk and revenue sharing partner. With this agreement, ITP will maintain its access to market through Rolls-Royce.

ITP’s shareholding does not change, and the shareholders’ participation is maintained: SENER (53,125%) and Rolls Royce (46,875%). The agreement announced today can be considered as a new milestone in the long term strategic collaboration, 26 years after the creation of ITP.

About ITP ITP, participated by SENER (53,12%) and Rolls Royce (46,87%), includes among its activities the Design, Research and Development, Manufacturing and Casting, Assembly and test of aeronautical engines and gas turbines. It is also the official service of most of the existing engine manufacturers currently in the world. ITP has 17 production centres in Spain, Great Britain, Malta, United States, India and Mexico and has more than 3,000 employees.

About SENER SENER is a private engineering and technology group founded in 1956. It seeks to offer its clients the most advanced technological solutions and enjoys international recognition thanks to its independence and its commitment to innovation and quality. SENER has a workforce of over 5,700 professionals distributed across its offices in Algeria, Argentina, Brazil, South Korea, Chile, China, Colombia, the United Arab Emirates, Spain, the United States, India, Japan, Mexico, Poland, Portugal and the United Kingdom. The group has a turnover of €1.2 billion (2013 data).

SENER engages in the specific activities of Engineering and Construction. It also has industrial holdings in companies involved in Energy and Environment, as well as in Aeronautics. In the area of Engineering and Construction, SENER has become a world leader in Aerospace, Infrastructure and Transport, Power and Process, and Marine.

For more information:

Oihana Casas. Communication. SENER. Tel (+34) 91 807 73 18 / (+34) 679 31 40 85 www.sener-group.com

SENER’s FORAN System, a CAD/CAM/CAE software for design and production of all kinds of ships and offshore structures, celebrates its 50 year in 2015, half a century of continuous reinvention that makes it the longest available in the market. Today, FORAN is in the state-of-the-art of technology, installed in 30 countries and used in world-renowned programs.

For more information:

Oihana Casas. Communication. SENER. Tel (+34) 91 807 73 18 / (+34) 679 31 40 85 www.sener-group.com