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News Release
Triumph Group Elects New Director
WAYNE, Pa., Oct 24, 2002 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI) today announced that George Simpson of Dunkeld, Scotland has been elected to its Board of Directors effective immediately.

Mr. Simpson is the retired Chief Executive Officer of Marconi Plc. He formerly served as Group Chief Executive and later Executive Chairman of Rover Group, Deputy Chief Executive of British Aerospace, and Chief Executive of Lucas Plc.

Mr. Simpson currently serves as a non-executive director of Nestle SA and Alstom SA and has previously served as a non-executive director of Pilkingtons Plc, ICI Plc, and the Bank of Scotland Plc.

Richard C. Ill, President and CEO of Triumph said: "We are pleased to have George Simpson join our Board at this time and look forward to benefiting from his considerable leadership experience in the industry and international markets."

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 manufactures of aircraft and aircraft components and power generation equipment. The Company also distributes, processes and fabricates metal products.

More information about Triumph can be found on the World Wide Web Site at http://www.triumphgroup.com.

Statements which are not historical facts, including statements about continued growth opportunities, contained in this release are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties including statements regarding the outlook for continued opportunities for future growth. The company wishes to caution readers that several important factors could affect the company's actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph's reports filed with the SEC, including our Form 10-K for the year ended March 31, 2001.

CONTACT: Triumph Group, Inc. John Bartholdson, 610/975-0420 jbartholdson@triumphgroup.com