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News Release
Triumph Group Files Registration Statement for Secondary Public Offering of 2.35 Million Shares of Common Stock Owned by Selling Stockholder

WAYNE, Pa.--(BUSINESS WIRE)--May 20, 2002--Triumph Group, Inc. (NYSE:TGI) reported today that it filed with the U.S. Securities and Exchange Commission a registration statement for a secondary public offering of 2.35 million shares of common stock held by Citicorp Venture Capital, Ltd.

In addition, the selling stockholder intends to grant the underwriters an option to purchase up to an additional 352,500 shares to cover over-allotments. Triumph Group will not receive any of the proceeds from the sale of the stock.

This offering is being managed by Deutsche Bank Securities and Merrill Lynch.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the time the registration statement becomes effective.

This press release is not an offer to sell or the solicitation of an offer to buy in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and industrial gas turbine components and accessories.

The Company 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 and power generation equipment. The Company also distributes, processes and fabricates metal products.

CONTACT: Triumph Group, Inc., Wayne
JoAnn P. Huston, 610/293-6823 Ext. 104
jhuston@triumphgroup.com