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Triumph Group Announces Public Offering of 3.65 Million Shares of Common Stock

WAYNE, Pa.--(BUSINESS WIRE)--March 9, 2001--Triumph Group, Inc. (NYSE:TGI) today announced the public offering of 3.65 million shares of common stock, 3,000,003 of which are being offered by Triumph and 649,997 shares being offered by a selling stockholder, at a price of $37.50 per share.

In addition, Triumph has also granted the underwriters an option to purchase up to an additional 450,000 shares from Triumph to cover over-allotments.

This offering is being managed by Deutsche Banc Alex. Brown and Merrill Lynch.

Net proceeds to Triumph of approximately $106 million from the sale of the 3,000,003 shares are expected to be used for the repayment of indebtedness under Triumph's revolving credit facility.

Copies of the prospectus relating to this public offering may be obtained from Deutsche Banc Alex. Brown, The Prospectus Department, 1 South Street, Baltimore, MD 21202, and from Merrill Lynch, The Prospectus Department, 4 World Financial Center, New York, NY 10080.

Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs, overhauls and distributes aircraft components. Triumph serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components. Triumph also distributes and processes metal products.

More information about Triumph can be found on its world wide web site at http://www.triumphgroup.com.

--30--KMK/ph*

CONTACT: Triumph Group, Inc., Wayne
John R. Bartholdson, 610/975-0420




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