| A.   | R-R and TIMET have executed an Agreement for Purchase and Supply of Titanium effective as of January 1, 2007 (the “LTA”). Certain capitalized terms used in this Amendment No 2 but not defined herein shall have the meanings ascribed to them in the LTA. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| B. | R-R and TIMET wish to amend the LTA by the terms of this Amendment No 2. |
|----|--------------------------------------------------------------------------|

| C. | Included in this Amendment No 2 is provision to remove the * that was due to take effect on 1 January 2010, in consideration of this TIMET has requested Rolls-Royce to make further commitments to TIMET with respect to * and the Parties have agreed to an amendment to the Capability Acquisition Agreement reference 7440 (“CAA””) to record such commitment. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| D. | Upon execution by both Parties of this Amendment No 2, the LTA is amended as set out below and, thereafter, the term “LTA” means the LTA as so amended. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | LTA |
|----|-----|

| (iii)   | * required for AE3007 solid fan blade engine programme over a three year period commencing on 1st January 2007 and ceasing on 31st December 2009. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   | XWB outlet guide vane (‘OGV’) titanium material |
|------------------|-------------------------------------------------------------|

|   | Section 2.2.6 - the words “and the Billet Maximum Volume” are deleted from line 6 |
|--------|-----------------------------------------------------------------------------------------------|

|   | Section 2.2.6.3 – the words “or the Billet Maximum Volume” are deleted from line 3. |
|--------|-------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | Section 2.3.1 – the words “Billet Maximum Volume” are deleted from line 1 and 2. |
|--------|----------------------------------------------------------------------------------------------------|

|   | Section 3.4 – the words “and 2009” in line 2 are deleted and replaced with the words “,2009 and 2010” and the words “From 1st January 2010 “ in line 3 are deleted and replaced with the words “1st January 2011”  : |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | “3.4.1 | For the Base Price over a five year period commencing 1st January 2011 and ending 31st December 2015 if the Formula as set out in Attachment 4 hereto determines an adjustment to the then Base Price, then the Price Payable for the Materials shall be adjusted (upward or downward) for the initial +/- (plus or minus) * increase or decrease per year. The Price Payable will not be adjusted for the subsequent +/- (plus or minus) * increase or decrease per year as determined by the Formula.  Thereafter, any resultant changes in excess of +/- (plus or minus) * will be shared between the Parties on an * and the Price Payable for the Materials will be adjusted accordingly. |
|--------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | “3.4.2 | For the Base Price over a five year period commencing 1st January 2016 and ending 31st December 2020 (being the due date for expiry of this LTA) if the formula as set out in Attachment 4 hereto determines an adjustment to the then Base Price, the Price Payable for the Materials shall be adjusted as set forth in such Attachment 4.” |
|--------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Section 3.9 – is deleted in its entirety and is replaced by new Section 3.9 as follows:- |
|--------|------------------------------------------------------------------------------------------------|

|   | “3.9 | R-R will supply the * required to produce all of the volumes for: |
|--------|------------|-------------------------------------------------------------------|

| 1.   | Billet Material identified by specification * ordered during the term of this LTA (“*”) (The ratio required for the supply of * for each pound of * Billet purchased by R-R and the Supply Chain, taken together, is different for facilities in the U.S. and the U.K. and is set forth for each of the U.S. and U.K. facilities in Attachment 8.); and |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | * Material ordered during the term of this LTA (The ratio required for the supply of * for each pound of * Material purchased by R-R and the supply chain is set forth in attachment 8.). From calendar years 2007-2011, the Vendor will pay R-R USD *. for * (shipping terms are DDU (Vendor’s plant) INCOTERMS 2000).  For calendar years 2012 and each year thereafter, the price for * shall be adjusted effective 1st January of each year by applying the formula of Clause 3.4.3 applicable for such Material in such year. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Section 4.1.2 – the words “or by such other time as mutually agreed by the Parties” are added after the words “by 31 December 2007” in lines 12 and 13 and the words “or by such other time as mutually agreed by the Parties” are added after the words “by 31 December 2008 in line 14. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Section 4.1.5 is deleted in its entirety and replaced with the following new Section 4.1.5: |
|--------|---------------------------------------------------------------------------------------------|

|   | “4.1.5 | Title to all * Materials and all * Materials shall remain with Vendor until title passes to R-R in accordance with Clause 3 of the GCP.  Vendor shall bear risk of loss in all * Materials until risk of loss passes to R-R in accordance with Clause 3 of the GCP.” |
|--------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | New Section 4.4 is added as follows: |
|--------|--------------------------------------|

|   | “4.4 | R-R acknowledges and agrees that it will use its best efforts to work with * to bring * specification metal within the scope of this Agreement and to ensure that TIMET receives its full titanium supply volume for such Supply Chain.  R-R further agrees to use its best efforts to work with TIMET, * and other partners as appropriate to * under this Agreement.” |
|--------|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | ATTACHMENTS |
|----|-------------|

| 3. | CAPABILITY ACQUISITION AMENDMENT |
|----|----------------------------------|

|   |   |
|--------|--------|

| 4. | RENUMBERING OF CROSS REFERENCES TO AMENDED SECTIONS. |
|----|------------------------------------------------------|

| 5. | CONTINUING EFFECTIVENESS OF MASTER AGREEMENT. |
|----|-----------------------------------------------|

| 6. | COUNTERPARTS. |
|----|---------------|

----

| Rolls-Royce plc |   |
|-----------------|--------|

|  Rolls-Royce Deutschland Ltd & Co KG                                                                                                                                                                                                                                          |  Rolls-Royce Deutschland Ltd & Co KG                                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
|  /s/ Gustav GreylingŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                                  |  /s/ Robert AnthonyŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)               |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Gustav GreylingŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                                                | Robert AnthonyŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                             |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| EVP – Strategic Purchasing ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                           | RPE -- Germany ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                         |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Rolls-Royce Corporation                                                                                                                                                                                                                                                                | Rolls-Royce Corporation                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
|  /s/ Beverly J. Gaskin     ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)  | /s/ Angela M. McDonaldŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                 |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Beverly J. Gaskin ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                                             | Angela M. McDonald ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                        |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| EVP – RRNA Supply Management ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                         | Legal Counsel ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                          |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Rolls-Royce Canada Ltd                                                                                                                                                                                                                                                                 | Rolls-Royce Canada Ltd                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| /s/ Georges KhalafŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                                         | /s/ Daniel MajeauŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                      |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Georges KhalafŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                   | Daniel Majeau ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                        |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Head of Commercial Rolls-Royce ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                             | Legal Counsel and Corporate Secretary ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)  |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Titanium Metals Corporation                                                                                                                                                                                                                                                            | Timet UK Limited                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| /s/ Bobby D. O’BrienŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                                 | /s/ Ian HodgesŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                         |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
|  Bobby D. O’Brien ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                             | Ian Hodges ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                           |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| President and Chief Executive Officer  ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                | Managing Director ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Position)                      |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| TIMET Savoie, S.A.                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| /s/ Jean Marc Frisch ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Signature)                                           |                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| Jean Marc FrischŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ(Print Name)                                          |                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |
| President and General ManagerŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ                                              |                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                               |

----

|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
|------------------------------------------|--------|--------|--------|---------------|--------|--------|--------|-----------|--------|--------|--------|---------------|--------|--------|--------|
| Attachment 1 To Agreement Ref: DPC6709   |   |   |   |          |   |   |   |      |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| Materials to be supplied & Purchased |   |   |   |          |   |   |   |      |   |   |   |          |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| Materials                                |   |   |   | Specification |   |   |   | Materials |   |   |   | Specification |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | AMS 4914      |   |   |   | *         |   |   |   | MSRR 8649     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8602     |   |   |   | *         |   |   |   | MSRR 8652     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8603     |   |   |   | *         |   |   |   | MSRR 8652     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8605     |   |   |   | *         |   |   |   | MSRR 8657     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8607     |   |   |   | *         |   |   |   | MSRR 8660     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8610     |   |   |   | *         |   |   |   | MSRR 8663     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8611     |   |   |   | *         |   |   |   | MSRR 8665     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8612     |   |   |   | *         |   |   |   | MSRR 8669     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8613     |   |   |   | *         |   |   |   | MSRR 8672     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8614     |   |   |   | *         |   |   |   | MSRR 8679     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8616     |   |   |   | *         |   |   |   | MSRR 8684     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8624     |   |   |   | *         |   |   |   | MSRR 8689     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8625     |   |   |   | *         |   |   |   | MSRR 8693     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8626     |   |   |   | *         |   |   |   | AMS 4928      |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8633     |   |   |   | *         |   |   |   | AMS 4928      |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8634     |   |   |   | *         |   |   |   | AMS 4976      |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8636     |   |   |   | *         |   |   |   | EMS 59501     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8638     |   |   |   | *         |   |   |   | EMS 59502     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8647     |   |   |   | *         |   |   |   | EMS 59503     |   |   |   |
|                                     |   |   |   |          |   |   |   |      |   |   |   |          |   |   |   |
| *                                        |   |   |   | MSRR 8648     |   |   |   | *         |   |   |   | EMS 59504     |   |   |   |

----

| Attachment 2A To Agreement Ref: DPC6709 |
|-----------------------------------------|
|                                    |   |   |   |   |   |
| Members of the Supply Chain             |   |   |   |
|                                    |   |   |   |   |   |
|  R-R Supply Chain Member           |   |  Product |                          Alloy |   |
|                                    |   |   |   |   |   |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR and 6" AMS 4928 Billet |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR and 6" AMS 4976 Billet |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR and 3" AMS 4928 Bar * |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR and 6" AMS 4976 Billet |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |
|                                    |   |   |   |   |   |
| *                                       |   | All | EMS and MSRR |

----

|                                                                                                                            |   |   |         |   |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------|--------|--------|
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   | All    | EMS and MSRR |
| This list is not exhaustive and other R-R vendors may be added by mutual agreement to both Parties for the duration of the LTA. |
|                                                                                                                            |   |
|                                                                                                                            |   |   |         |   |   |
| *                                                                                                                               |   |   |         |   |   |

----

|                                                                                                                                              |   |   |    |   |            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|-----------------|--------|
| Attachment 2B To Agreement Ref: DPC6709                                                                                                           |   |   |    |   |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   |    |   |            |   |
|                                                                                                                                              |   |   |    |   |            |   |
| R-R Supply Chain Member                                                                                                                           |   |   | Product |   | Alloy           |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
| *                                                                                                                                                 |   |   | *       |   | MSRR 6-4 and CP |
|                                                                                                                                              |   |   |    |   |            |   |
|                                                                                                                                              |   |   |    |   |            |   |
| This list is not exhaustive and other R-R vendors and specifications may be added by mutual agreement by both Parties for the duration of the LTA |

----

| DFX Cost Saving Breakdown |                           |
|---------------------------|--------------------------------|
|                      |                           |   |
|                      | *                              |   |
|                      |                           | Saving $/Pc |
|                      | *                              | * |
|                      |                           |   |
|                      | *                              | * |
|                      |                           |   |
|                      | *                              | * |
|                      |                           |   |
|                      | *                              | * |
|                      |                           |   |
|                      |                           | * |
|                      | GRAND TOTAL ACHIEVABLE SAVINGS |   |
|                      |                           |   |
|                      |                           |   |
|                      | *                              | Saving $/Pc |
|                      | *                              | * |
|                      |                           |   |
|                      | *                              | * |
|                      |                           |   |
|                      | *                              | * |
|                      |                           |   |
|                      | GRAND TOTAL ACHIEVABLE SAVINGS | * |
|   |                           |        |
|--------|--------------------------------|-------------|
|   |                           |        |
|   | *                              | Saving $/Pc |
|   | *                              | *           |
|   | *                              |        |
|   | *                              | *           |
|   | *                              |        |
|   | *                              |        |
|   |                           |        |
|   | GRAND TOTAL ACHIEVABLE SAVINGS | *           |
|   |                           |        |

----

| Attachment 3 To Agreement Ref: DPC6709                                                                                                                                         |        |           |           |           |               |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|----------------|----------------|----------------|--------------------|
| ROLLS-ROYCE / TIMET                                                                                                                                                       |        |           |           |           |               |   |   |
| Timet Direct Supply Materials to Rolls Royce for XWB Ex Works Swansea UK                                                                                                  |        |           |
|                                                                                                                                                                           |        | Current        | Base           | Full DFX       | Full DFX with Chip |   |
| Fan Blade Plates                                                                                                                                                               | Part Number |  $ / Unit |  $ / Unit |  $ / Unit |  $ / Unit     |   |   |
| *                                                                                                                                                                              | *           | *              | *              |           |               |   |   |
| *                                                                                                                                                                              | TBA         |           |           | *              | *                  |   |   |
|                                                                                                                                                                           |        |           |           |           |               |   |   |
| OGV PLATE                                                                                                                                                                      | Part Number | $ / Unit       | $ / Unit       | $ / Unit       |               |   |   |
| *                                                                                                                                                                              | *           | *              | *              |           |               |   |   |
| *                                                                                                                                                                              | TBA         |           |           | *              |               |   |   |
|                                                                                                                                                                           |        |           |           |           |               |   |   |
| Membrane                                                                                                                                                                       | Part Number | $ / Unit       | $ / Unit       | $ / Unit       |               |   |   |
| *                                                                                                                                                                              | *           | *              | *              |           |               |   |   |
| *                                                                                                                                                                              | TBA         |           |           | *              |               |   |   |
|                                                                                                                                                                           |        |           |           |           |               |   |   |
| TIMET shall offer R-R the base pricing set forth above to R-R by December 31, 2011 upon completion of the approval for the use of an *                                         |
|                                                                                                                                                                           |        |           |           |           |               |   |   |
| TIMET shall offer R-R the * to R-R by * and R-R shall supply TIMET *, based on the agreed upon the agreed to initiatives and timescales (the "Project Plan").                  |
| If the Project Plan savings are not achieved then * shall not be offered.  However, if the Project Plan savings are not achieved or are delayed beyond December 2012 |
| solely due to TIMET’s fault, then R-R shall be offered * commencing no later than *.  If the Project Plan savings are not achieved or are delayed beyond * due |
| to R-R's fault, then the * deadline for R-R to receive the * shall be extended until such time as the Project plan savings are achieved, if at all.                            |

----

| Attachment 3 To Agreement Ref: DPC6709                           |        |
|------------------------------------------------------------------|-------------|
| ROLLS-ROYCE / TIMET                                         |        |   |   |
| Timet Direct Supply Materials to Rolls Royce Ex Works Swansea UK |
|                                                             |        | 2010 | 2011 |
| Fan Blade Plates                                                 | Number      |  $ / Unit |  $ / Unit |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
|                                                             |        |   |   |
|                                                             |        | 2010 | 2011 |
| OGV PLATE                                                        | Part Number |  £ / Unit |  £ / Unit |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
|                                                             |        |   |   |
|                                                             |        | 2010 | 2011 |
| Membrane                                                         | Part Number |  $ / Unit |  $ / Unit |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
|                                                             |        |   |   |
|                                                             |        | 2010 | 2011 |
| 230 Sheet     MSRR8603                  | Part Number |  £ / Unit |  £ / Unit |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |
|                                                             |        |   |   |
|                                                             |        | 2010 | 2011 |
| 15-3-3-3 Sheet     AMS4914              | Part Number |  £ / Unit |  £ / Unit |
| *                                                                | *           | * | * |
| *                                                                | *           | * | * |

----

| Attachment 3 To Agreement Ref: DPC6709   |                  |                                          |   |        |   |        |
|------------------------------------------|-----------------------|-----------------------------------------------|--------|-------------|--------|-------------|
| ROLLS-ROYCE / TIMET                      |                  | PRICE LIST For 2009 and 2010 Deliveries  |   |
| Bar : Hot Rolled & Centreless Ground |                  |                                          |   |        |   |        |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| This is a NETT Price List                | Prices in £ / kg |                                          |   |        |   |        |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Size                                     | CP                    | 230                                           | 6-4 SQ | 6-4 RQ      | 6-4 RQ | 6-4 DQ      | 550 | 679 DQ | 685 DQ | 6-2-4-2 DQ | 829 DQ |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     | MSRR                  | MSRR                                          | MSRR   | MSRR        | MSRR   | MSRR        | MSRR | MSRR | MSRR | MSRR | MSRR |
|                                     | 8607                  | 8602                                          | 8614   | 8610        | 8624   | 8636        | 8626 | 8612 | 8611 | 8693 | 8648 |
|                                     |                  | 8605                                          | 8652   |        |   |        |   |   |   |   | 8649 |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| 8mm - 9.9mm                              | *                     | *                                             | *      | *           | *      | *           |   |   |   |   |   |
| 10mm - 12.7mm                            | *                     | *                                             | *      | *           | *      | *           |   |   |   |   |   |
| 12.8mm - 19mm                            | *                     | *                                             | *      | *           | *      | *           |   | * |   |   | * |
| 19.1mm - 24.9mm                          | *                     | *                                             | *      | *           | *      | *           |   | * |   |   | * |
| 25mm - 34.9mm                            | *                     | *                                             | *      | *           | *      | *           | * | * | * | * | * |
| 35mm - 49.9mm                            | *                     | *                                             | *      | *           | *      | *           | * | * | * |   | * |
| 50mm - 69.9mm                            | *                     | *                                             | *      | *           | *      | *           | * | * | * |   | * |
| 70mm - 100mm                             | *                     | *                                             | *      | *           | *      | *           | * | * | * |   | * |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Bar Extras: Heat Treatment               |                  |                                          |   |        |   |        |   |   |   |
| Annealing                                |                  |                                          |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Solution Heat Treatment                  |                  |                                          |   |        |   |        |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Ageing                                   |                  |                                          |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Bar Extras: Small Quantities             |                  |                                          |   |        |   |        |   |   |   |
| Base of 2000kg                           |                  |                                          |   |        |   |        |   |   | Nil |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| 1000 to 1999kg                           |                  |                                          |   |        |   |        |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| 500 to 999kg                             |                  |                                          |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| 100 to 499kg                             |                  |                                          |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| 50 to 99kg                               |                  |                                          |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| up to 50kg                               |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                          |   |        |   |        |   |   |   |   |   |
| Bar Extras: Cutting Charges              |                  |                                          |   |        |   |        |   |   |   |
|                                     |                  |                                          |   | Length      |   |        |   |   |   |   |   |
|                                     |                  |                                          |   | Up to 100MM |   | 101 - 600MM |   | 601 - 1250MM |
| Exact Length                             | All Diameters         |                                          | *      | per kg      |   | *           | per kg |   | * | per kg |
| Multiple Length                          |                  |                                          |   |        |   |        | * | per kg |   | * | per kg |

----

| Attachment 3 To Agreement Ref: DPC6709   |                  |                                 |   |        |   |        |
|------------------------------------------|-----------------------|--------------------------------------|--------|-------------|--------|-------------|
| ROLLS-ROYCE / TIMET                      |                  | PRICE LIST For 2011 Deliveries  |   |        |   |
| Bar : Hot Rolled & Centreless Ground |                  |                                 |   |        |   |        |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| This is a NETT Price List                | Prices in £ / kg |                                 |   |        |   |        |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Size                                     | CP                    | 230                                  | 6-4 SQ | 6-4 RQ      | 6-4 RQ | 6-4 DQ      | 550 | 679 DQ | 685 DQ | 6-2-4-2 DQ | 829 DQ |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
|                                     | MSRR                  | MSRR                                 | MSRR   | MSRR        | MSRR   | MSRR        | MSRR | MSRR | MSRR | MSRR | MSRR |
|                                     | 8607                  | 8602                                 | 8614   | 8610        | 8624   | 8636        | 8626 | 8612 | 8611 | 8693 | 8648 |
|                                     |                  | 8605                                 | 8652   |        |   |        |   |   |   |   | 8649 |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| 8mm - 9.9mm                              | *                     | *                                    | *      | *           | *      | *           |   |   |   |   |   |
| 10mm - 12.7mm                            | *                     | *                                    | *      | *           | *      | *           |   |   |   |   |   |
| 12.8mm - 19mm                            | *                     | *                                    | *      | *           | *      | *           |   | * |   |   | * |
| 19.1mm - 24.9mm                          | *                     | *                                    | *      | *           | *      | *           |   | * |   |   | * |
| 25mm - 34.9mm                            | *                     | *                                    | *      | *           | *      | *           | * | * | * | * | * |
| 35mm - 49.9mm                            | *                     | *                                    | *      | *           | *      | *           | * | * | * |   | * |
| 50mm - 69.9mm                            | *                     | *                                    | *      | *           | *      | *           | * | * | * |   | * |
| 70mm - 100mm                             | *                     | *                                    | *      | *           | *      | *           | * | * | * |   | * |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Bar Extras: Heat Treatment               |                  |                                 |   |        |   |        |   |   |   |
| Annealing                                |                  |                                 |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Solution Heat Treatment                  |                  |                                 |   |        |   |        |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Ageing                                   |                  |                                 |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Bar Extras: Small Quantities             |                  |                                 |   |        |   |        |   |   |   |
| Base of 2000kg                           |                  |                                 |   |        |   |        |   |   | Nil |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| 1000 to 1999kg                           |                  |                                 |   |        |   |        |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| 500 to 999kg                             |                  |                                 |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| 100 to 499kg                             |                  |                                 |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| 50 to 99kg                               |                  |                                 |   |        |   |        |   |   |   | * | per kg |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| up to 50kg                               |                  |                                 |   |        |   |        |   |   |   | * |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
|                                     |                  |                                 |   |        |   |        |   |   |   |   |   |
| Bar Extras: Cutting Charges              |                  |                                 |   |        |   |        |   |   |   |
|                                     |                  |                                 |   | Length      |   |        |   |   |   |   |   |
|                                     |                  |                                 |   | Up to 100MM |   | 101 - 600MM |   | 601 - 1250MM |
| Exact Length                             | All Diameters         |                                 | *      | per kg      |   | *           | per kg |   | * | per kg |
| Multiple Length                          |                  |                                 |   |        |   |        | * | per kg |   | * | per kg |

----

| Attachment 3 To Agreement Ref: DPC6709     |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |
|--------------------------------------------|------------------|--------|-----------------------|-----------------------------------------------|---------------|--------|-------------------|--------|---------------|---------------|-------------------|--------|--------|--------|
| ROLLS-ROYCE / TIMET                        |             |   |                  | PRICE LIST For 2009 and 2010 Deliveries  |          |   |              |   |          |          |
| Billet : Forged & Machined Condition   |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| This is a NETT Price List                  |             |   | Prices in £ / kg |                                          |          |   |              |   |          |          |              |   |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| Size                                       | CP               | 230    | 6-4 SQ                | 6-4 RQ                                        | 6-4 RQ        | 6-4 DQ | 6-4 DQ            | 550    | 550           | 550           | 6246 DQ           | 679 DQ | 685 DQ | 829 DQ | 834 DQ |
|                                       |             |   |                  |                                          |          |   | CHM               |   | DM            | TM            |              |   |   |   |   |
|                                       | MSRR             | MSRR   | MSRR                  | MSRR                                          | MSRR          | MSRR   | MSRR              | MSRR   | MSRR          | MSRR          | MSRR              | MSRR   | MSRR   | MSRR   |   |
|                                       | 8607             | 8602   | 8614                  | 8610                                          | 8624          | 8638   | 8636              | 8626   | 8634          | 8663          | 8684              | 8613   | 8665   | 8647   | 8679 |
|                                       |             | 8605   | 8652                  |                                          | 8625          | 8636   |              |   |          |          |              |   | 8616   | 8649   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| 110mm to 149mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             |              |   | *      | *      |   |
| 150mm to 174mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             |              | *      | *      | *      |   |
| 175mm to 199mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             |              |   | *      | *      |   |
| 200mm to 249mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             | *                 |   | *      | *      |   |
| 250mm to 299mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             |              | *      | *      | *      | * |
| 300mm to 399mm                             | *                | *      | *                     | *                                             | *             | *      | *                 | *      | *             | *             | *                 |   | *      | *      | * |
| 400mm to 600mm   ("Bingot") | *                | *      | *                     |                                          |          |   |              |   |          |          |              |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| Attachment 3 To Agreement Ref: DPC6709     |             |   |                  |                                          |          |   |              |   |          |          |              |   |
| Billet Extras: Heat Treatment              |             |   |                  | Billet Extras: Radius Changes                 |          |   |              |   |          |          |              |
| Annealing                                  | *                | per kg |                  |                                          |          |   | Charge Per Billet |   |          |          | Charge Per Billet |
| Solution Heat Treatment                    | *                | per kg |                  |                                          | 100MM - 200MM | *      |              |   | 251MM - 300MM |          | *                 |   |   |
| Ageing                                     | *                | per kg |                  |                                          | 201MM - 250MM | *      |              |   | 301MM - 399MM |          | *                 |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          | 400MM - 600MM |              | *      |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| Billet Extras: Small Quantities            |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |
| Base Of 2000KG                             |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | Nil    |   |
| 1000 to 1999KG                             |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | *      | per kg |
| 500 to 999KG                               |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | *      | per kg |
| 100 to 499KG                               |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | *      | per kg |
| 50 to 99KG                                 |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | *      | per kg |
| UP to 50KG                                 |             |   |                  |                                          |          |   |              |   |          |          |              |   |   | *      |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
| Billet Extras: Cutting Charges             |             |   |                  |                                          |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                          |          |   |              | Length |          |          |              |   |   |   |   |
|                                       | Diameter         |   |                  |                                          |          |   | Up to 100MM       |   | 101 - 600MM   |          | 601 - 1250MM      |
| Exact Length                               | Up to 100mm Diam |   |                  |                                          |          | *      | per kg            |   | *             | per kg        |              | *      | per kg |
|                                       | 101mm - 200mm    |   |                  |                                          |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
|                                       | 201mm - 399mm    |   |                  |                                          |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
|                                       | 400mm - 600mm    |   |                  |                                          |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
| Multiple Length                            | All Diameters    |   |                  |                                          |          |   |              |   |          | *             | per kg            |   | *      | per kg |

----

| Attachment 3 To Agreement Ref: DPC6709     |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |
|--------------------------------------------|------------------|--------|-----------------------|--------------------------------------|---------------|--------|-------------------|--------|---------------|---------------|-------------------|--------|--------|--------|
| ROLLS-ROYCE / TIMET                        |             |   |                  | PRICE LIST For 2011 Deliveries  |          |   |              |   |          |          |              |
| Billet : Forged & Machined Condition   |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| This is a NETT Price List                  |             |   | Prices in £ / kg |                                 |          |   |              |   |          |          |              |   |   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| Size                                       | CP               | 230    | 6-4 SQ                | 6-4 RQ                               | 6-4 RQ        | 6-4 DQ | 6-4 DQ            | 550    | 550           | 550           | 6246 DQ           | 679 DQ | 685 DQ | 829 DQ | 834 DQ |
|                                       |             |   |                  |                                 |          |   | CHM               |   | DM            | TM            |              |   |   |   |   |
|                                       | MSRR             | MSRR   | MSRR                  | MSRR                                 | MSRR          | MSRR   | MSRR              | MSRR   | MSRR          | MSRR          | MSRR              | MSRR   | MSRR   | MSRR   |   |
|                                       | 8607             | 8602   | 8614                  | 8610                                 | 8624          | 8638   | 8636              | 8626   | 8634          | 8663          | 8684              | 8613   | 8665   | 8647   | 8679 |
|                                       |             | 8605   | 8652                  |                                 | 8625          | 8636   |              |   |          |          |              |   | 8616   | 8649   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| 110mm to 149mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             |              |   | *      | *      |   |
| 150mm to 174mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             |              | *      | *      | *      |   |
| 175mm to 199mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             |              |   | *      | *      |   |
| 200mm to 249mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             | *                 |   | *      | *      |   |
| 250mm to 299mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             |              | *      | *      | *      | * |
| 300mm to 399mm                             | *                | *      | *                     | *                                    | *             | *      | *                 | *      | *             | *             | *                 |   | *      | *      | * |
| 400mm to 600mm   ("Bingot") | *                | *      | *                     |                                 |          |   |              |   |          |          |              |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| Billet Extras: Heat Treatment              |             |   |                  | Billet Extras: Radius Changes        |          |   |              |   |          |          |              |
| Annealing                                  | *                | per kg |                  |                                 |          |   | Charge Per Billet |   |          |          | Charge Per Billet |
| Solution Heat Treatment                    | *                | per kg |                  |                                 | 100MM - 200MM | *      | *                 |   | 251MM - 300MM |          | *                 | *      | *      |
| Ageing                                     | *                | per kg |                  |                                 | 201MM - 250MM | *      | *                 |   | 301MM - 399MM |          | *                 | *      | *      |
|                                       |             |   |                  |                                 |          |   |              |   |          | 400MM - 600MM |              | *      | *      | *      |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| Billet Extras: Small Quantities            |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |
| Base Of 2000KG                             |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | Nil    |   |
| 1000 to 1999KG                             |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | *      | per kg |
| 500 to 999KG                               |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | *      | per kg |
| 100 to 499KG                               |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | *      | per kg |
| 50 to 99KG                                 |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | *      | per kg |
| UP to 50KG                                 |             |   |                  |                                 |          |   |              |   |          |          |              |   |   | *      |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
| Billet Extras: Cutting Charges             |             |   |                  |                                 |          |   |              |   |          |          |              |   |   |   |   |
|                                       |             |   |                  |                                 |          |   |              | Length |          |          |              |   |   |   |   |
|                                       | Diameter         |   |                  |                                 |          |   | Up to 100MM       |   | 101 - 600MM   |          | 601 - 1250MM      |
| Exact Length                               | Up to 100mm Diam |   |                  |                                 |          | *      | per kg            |   | *             | per kg        |              | *      | per kg |
|                                       | 101mm - 200mm    |   |                  |                                 |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
|                                       | 201mm - 399mm    |   |                  |                                 |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
|                                       | 400mm - 600mm    |   |                  |                                 |          |   | *                 | per kg |          | *             | per kg            |   | *      | per kg |
| Multiple Length                            | All Diameters    |   |                  |                                 |          |   |              |   |          | *             | per kg            |   | *      | per kg |

----

| Attachment 3 To Agreement Ref: DPC6709                                                          |   |   |   |   |
|-------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                            |   |   |   | 2007   | 2008 | 2009 2010 | 2011 |
|                                                                                            |   |   |   | $/lb   | $/lb | $/lb | $/lb |
| TIMETAL®6-4  EMS 59501 and EMS 59503 and AMS 4928 (Rotating Grade)               |   |
|                                                                                            |   |   |   |   |   |   |   |
| 3.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 5.25” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 6.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 8.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| TIMETAL®6-4 CHM  EMS 59501 and EMS 59503 and AMS 4928 (Rotating Grade)           |   |
|                                                                                            |   |   |   |   |   |   |   |
| 3.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 5.25” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 6.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 8.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| TIMETAL®6-2-4-2  EMS 59502 (Rotating Grade)                                      |   |   |   |   |
|                                                                                            |   |   |   |   |   |   |   |
| 5.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 6.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| TIMETAL®6-2-4-2  AMS 4976 (Standard Grade)                                       |   |   |   |   |
|                                                                                            |   |   |   |   |   |   |   |
| 5.50” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 8.00” diameter                                                                            |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 10.00” diameter                                                                           |   |   |   | *      | * | * | * |
|                                                                                            |   |   |   |   |   |   |   |
| 12.00” diameter                                                                           |   |   |   | *      | * | * | * |
| Adders for , Quantity , Cutting , Heat Treat , Radius should be applied as per the US MSRR List |

----

| Attachment 3 To Agreement Ref: DPC6709     |        |          |         |                                     |           |         |        |
|--------------------------------------------|-------------|---------------|--------------|------------------------------------------|----------------|--------------|-------------|
| ROLLS-ROYCE / TIMET                   |        |          |         |                                     |           |         |        |   |
| Billet : Forged & Machined Condition   |        |          |         |                                     |           |         |        |
|                                       |        |          |         | For Product Manufactured in the USA Only |           |
|                                       | $/lb        |          |         |                                     |           |         |        |   |   |
|                                       |        |          |         |                                     |           |         |        |   |   |
|                                       | 2008        |          |         | 2009 and 2010                            |           | 2011         |        |   |
| Size                                       | 6-4 SQ      | 6-4 DQ        | 6246 DQ      | 6-4 SQ                                   | 6-4 DQ         | 6246 DQ      | 6-4 SQ      | 6-4 DQ | 6246 DQ |
|                                       |        | CHM           |         |                                     | CHM            |         |        | CHM |   |
|                                       | MSRR        | MSRR          | MSRR         | MSRR                                     | MSRR           | MSRR         | MSRR        | MSRR | MSRR |
|                                       | 8614        | 8638          | 8684         | 8614                                     | 8638           | 8684         | 8614        | 8638 | 8684 |
|                                       | 8652        | 8636          |         | 8652                                     | 8636           |         | 8652        | 8636 |   |
|                                       | AMS4928     |          |         | AMS4928                                  |           |         | AMS4928     |   |   |
| 110mm to 149mm                             | *           | *             |         | *                                        | *              |         | *           | * |   |
| 150mm to 174mm                             | *           | *             |         | *                                        | *              |         | *           | * |   |
| 175mm to 199mm                             | *           | *             |         | *                                        | *              |         | *           | * |   |
| 200mm to 249mm                             | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| 250mm to 299mm                             | *           | *             |         | *                                        | *              |         | *           | * |   |
| 300mm to 399mm                             | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| 400mm to 600mm   ("Bingot") | *           |          |         | *                                        |           |         | *           |   |   |
|                                       |        |          |         |                                     |           |         |        |   |   |
| Billet Extras: Heat Treatment              | $/lb        |          |         | Billet Extras: Small Quantities          | $/lb           |
|                                       | 2008        | 2009 and 2010 | 2011         |                                     |           |         | 2008        | 2009 and 2010 | 2011 |
| Annealing                                  | *           | *             | *            |                                     | Base Of 2000KG |         |        |   |
| Solution Heat Treatment                    | *           | *             | *            |                                     | 1000 to 1999KG | *            | *           | * |
| Ageing                                     | *           | *             | *            |                                     | 500 to 999KG   | *            | *           | * |
|                                       |        |          |         |                                     | 100 to 499KG   | *            | *           | * |
| Billet Extras: Radius Changes              |        | $ per Billet  |         |                                     | 50 to 99KG     | *            | *           | * |
|                                       | 2008        | 2009 and 2010 | 2011         |                                     | UP to 50KG     | *            |        |   |
| 100MM - 200MM                              | *           | *             | *            |                                     |           |         |        |   |   |
| 201MM - 250MM                              | *           | *             | *            |                                     |           |         |        |   |   |
| 251MM - 300MM                              | *           | *             | *            |                                     |           |         |        |   |   |
| 301MM - 399MM                              | *           | *             | *            |                                     |           |         |        |   |   |
| 400MM - 600MM                              | *           | *             | *            |                                     |           |         |        |   |   |
|                                       |        |          |         |                                     |           |         |        |   |   |
| Billet Extras: Cutting Charges             |        | $/lb          |         |                                     |           |         |        |   |
|                                       | 2008        |          |         | 2009 and 2010                            |           | 2011         |        |   |
| Diameter                                   | Up to 100MM | 101 - 600MM   | 601 - 1250MM | Up to 100MM                              | 101 - 600MM    | 601 - 1250MM | Up to 100MM | 101 - 600MM | 601 - 1250MM |
| Up to 100mm Diam                           | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| 101mm - 200mm                              | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| 201mm - 399mm                              | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| 400mm - 600mm                              | *           | *             | *            | *                                        | *              | *            | *           | * | * |
| Multiple Length                            |        | *             | *            |                                     | *              | *            |        | * | * |

----

| Attachment 5 To Agreement Ref: DPC6709                                                                                                                                                                                                       |   |   |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
| ROLLS-ROYCE / TIMET                                      |   |   |   |   |
| Ingot : Rough Ground Condition                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
| This is a NETT Price List                Prices in $ / lb                                                                                                         |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                         | 2007   |   | 2008   |   | 2009   |   | 2010 |   | 2011 |
| SQ                                                                                                                                                                                                                                           | *      |   | *      |   | *      |   | * |   | * |
| DQ                                                                                                                                                                                                                                           | *      |   | *      |   | *      |   | * |   | * |
| Chip Requirement                                                                                                                                                                                                                             |   |   | *      |   |   |   | * |   | * |
| Escalation                                                                                                                                                                                                                                   | *      |   | *      |   | *      |   | * |   | * |
|                                                                                                              |                |   |   |   |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------|---------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                              |                |   |   |   |   |   |   |   |   |
| *If chip is not provided then every $1lb change in market price above $2lb will increase selling price by $0.38lb |
|                                                                                                              |                |   |   |   |   |   |   |   |   |
| Eg                                                                                                                | Chip mkt cost $ /lb | *      | *      | *      | *      | *      |   |   |
|                                                                                                              | Base Ingot $ / lb   | *      | *      | *      | *      | *      |   |   |
|                                                                                                              | Final Cost $ / lb   | *      | *      | *      | *      | *      |   |   |
|   |              |   |                                                                  |          |                       |   |   |   |   |
|--------|-------------------|--------|-----------------------------------------------------------------------|---------------|----------------------------|--------|--------|--------|--------|
|   |              |   |  Example calculation for 2012 Ingot Price                        |          |                       |   |   |   |
|   |              |   |                                                                  |          |                       |   |   |   |   |
|   | IB                |   |  Ingot base effective Jan 1st 2012                               |  *       |                       |   |   |   |
|   | C                 |   |                                                                  |          |      * |   |   |   |   |
|   | CS                |   | % of required chip * not received Nov 1st 2010 to Oct 31st 2011  |  *       |                       |   |   |   |
|   | IP                |   | Ingot Price Effective Jan 1st 2012                                    |   * |                       |   |   |   |
|   |              |   |                                                                  |          |                       |   |   |   |   |
|   | Calculation  |   |  *                                                               |          |                       |   |   |   |   |

----