1. Career Salary Your pension value at 6 April 2011 Further Information Understand how Career Salary benefits grow This presentation has been prepared to help you understand how your Career Salary benefits are calculated How your Career Salary benefits grow Earn a “block" of pension each year Receive revaluation each year You have earned "Block 1" Understand how Block 1 is calculated Understand how your Final Pensionable Salary is calculated Further reading and information NOTE- THIS PRESENTATION ONLY APPLIES TO THE MAIN SECTION You should note that this is a general guide and is not a legal document. It should be read in conjunction with the Scheme booklet. If there is a conflict between this guide and the Rules of the Scheme, the Rules will prevail. This guide is not a full statement of the rules which governs the Scheme, and members are advised to take independent financial advice on the options available to them. Career Salary Prepared on behalf of the Trustees – May 2011 NextPreviousContents AgustaWestland UK Pension Scheme

2. Pension value at 6 April 2011 Your pension value at 6 April 2011 Prepared on behalf of the Trustees – May 2011 NextPreviousContents 1 You have earned Block 1 See pages 2 & 3 for more detail on how Block 1 is calculated This is calculated using your Final Pensionable Salary on 6 April 2011 and your Pensionable Service before 6 April 2011 AgustaWestland UK Pension Scheme

3. Block 1 is the pension you earned from your service before 6 April 2011 Understand how Block 1 is calculated Your pension value at 6 April 2011 Prepared on behalf of the Trustees – May 2011 NextPreviousContents 2 1/70 (or 1/60 or 1/65 if you opted for buy up) x Final Pensionable Salary x Pensionable Service between 1 May 2007 and 5 April 2011 (including additional buy up credit which you were notified of in December 2010) 1/70 x Final Pensionable Salary x Pensionable Service between 1 April 1998 and 30 April 2007 1/65 x Final Pensionable Salary x Pensionable Service before 31 March 1998 (including Old Works Credit) Pension earned through a transfer in from another pension scheme. You will have been notified how this is calculated when you transferred in your benefits See page 3 to understand how your Final Pensionable Salary is calculated AgustaWestland UK Pension Scheme

4. Your Final Pensionable Salary is calculated on 6 April 2011 Calculating your Final Pensionable Salary Your pension value at 6 April 2011 Prepared on behalf of the Trustees – May 2011 NextPreviousContents 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Scheme Year 05101520253035 Pensionable Salary (£,000) Protected Salary is the highest one year in these five years. It is increased in line with inflation up to 6 April 2011. We know this is an increase of 10.9%. Three year average salary is the average of the best three consecutive years in ten years from 6 April 2001 to 6 April 2011. Your Final Pensionable Salary is protected by the underpin agreed in 2007. Final Pensionable Salary is higher of: (1)Protected Salary And (2)Three year average salary Protected Salary = £27,000 plus 10.9% = £29,943 Three year average salary = (£29k + £30k + £31k)/ 3 = £30,000 22 23 24 25 26 27 28 29 30 31 3 AgustaWestland UK Pension Scheme

5. 4 One year on - you will add revaluation and Block 2 Each year your pension grows by: a) “revaluation”; and b)a new “block” linked to your Pensionable Salary. Understand how Career Salary benefits grow Prepared on behalf of the Trustees – May 2011 NextPreviousContents Scheme year: 6 April to 5 April (like tax year) How your Career Salary benefits grow AgustaWestland UK Pension Scheme

6. 5 Your pension is revalued each year broadly in line with inflation Revaluation Understand how Career Salary benefits grow Prepared on behalf of the Trustees – May 2011 NextPreviousContents Revaluation rate: Increase in Consumer Price Index for year (capped at 4.75%) (measured in September) How to calculate Total Pension at start of the Scheme Year x Revaluation rate By way of example 2011/12: Total Pension at 6 April 2011 x Revaluation rate at September 2011 2012/13: Total Pension at 6 April 2012 x Revaluation rate at September 2012 AgustaWestland UK Pension Scheme

7. 6 Understand how Career Salary benefits grow Prepared on behalf of the Trustees – May 2011 NextPreviousContents Scheme year: 6 April to 5 April (like tax year) Your “block” is calculated using your accrual rate and salary in that year Earning Blocks Accrual rate:  The default accrual rate is 1/67th  You may “buy up” to 1/65th or 1/60th Pensionable Salary:  Your gross earnings in the relevant year (except payments that are not pensionable) How to calculate Accrual rate x Pensionable Salary in 2011/2 AgustaWestland UK Pension Scheme

8. 7 Your Career Salary benefits grow Understand how Career Salary benefits grow Prepared on behalf of the Trustees – May 2011 NextPreviousContents Build up your pension each year Each year your pension grows by: a) “revaluation”; and b)a new “block” linked to your Pensionable Salary. Block 6 and so on for the rest of your career with AgustaWestland Scheme year: 6 April to 5 April (like the tax year) AgustaWestland UK Pension Scheme

9.  If you would like to understand more about your pension benefits, take time to read the Scheme booklet.  You will receive a benefit statement in the Autumn which will explain your benefits as at 6 April 2011.  The Scheme website contains useful information about the Scheme’s benefits.  Contact Aon Hewitt if you would like further information. Further reading and information Further information Prepared on behalf of the Trustees – May 2011 NextPreviousContents 8 Contact Aon Hewitt if you have any questions Email:westland@aonhewitt.comwestland@aonhewitt.com Write to:Westland Admin Team, Aon Hewitt, 25 Marsh Street, Bristol, BS14AQ. Telephone:0117 945 3517 AgustaWestland UK Pension Scheme