16 November 2017

                                    GKN plc ("GKN")                                

                           Board Change and Guidance Update                        

    The GKN Board has concluded that the next stage of GKN's development is best
    delivered under alternative leadership.  As a result, Kevin Cummings,
    previously CEO Designate, will leave the Board and GKN with immediate effect.

    The Board has asked Anne Stevens, currently a non-executive director of the
    Board, to assume the role of Interim Chief Executive with effect from 1 January
    2018 until a successor is appointed.  As planned, Nigel Stein will continue as
    Chief Executive until he retires from the role on 31 December 2017.

    Anne has extensive experience across both automotive and aerospace industries.
    She is a former Chairman, CEO and President of Carpenter Technology Corp, a
    specialty metals producer for the aerospace, transportation, medical and energy
    sectors. Prior to this she held a number of roles during a 16 year career at
    Ford Motor Company, latterly as Chief Operating Officer for the Americas. She
    was appointed to the Board in July 2016. She is also a non-executive director
    of Anglo American plc, Lockheed Martin Corporation and XL Group plc.

    The appointment of Hans Büthker, formerly CEO Fokker Technologies, to the role
    of Chief Executive GKN Aerospace will be brought forward to take effect
    immediately.  He will work with the rest of the executive team to develop plans
    to improve margins and cash flow across the Group.

    The Nominations Committee will lead an internal and external search process,
    together with external consultants, to identify and appoint a successor as
    Chief Executive of GKN. This process will begin immediately.

    In light of the issues communicated earlier in relation to Alabama, a review of
    working capital has been initiated across other Aerospace plants in North
    America.  While this review is not yet complete it is likely to result in a
    further write-off estimated to be between £80 million and £130 million, much of
    which built up before 2017.

    With the exception of the working capital write-off referred to above, all
    other guidance for the full year remains unchanged. 

    GKN plc LEI: 213800QNZ22GS95OSW84

    The information contained within this announcement is deemed by the Group to
    constitute inside information as stipulated under the Market Abuse Regulations
    (EU) No. 596/2014 ("MAR").  Upon the publication of this announcement via a
    Regulatory Information Service ("RIS"), this inside information is now
    considered to be in the public domain.

    Further information:

    Analysts/Investors:

    Guy Stainer

    Investor Relations Director

    GKN plc

    T: +44 (0)207 463 2382

    M: +44 (0)7739 778187

    E: guy.stainer@gkn.com

    Media:

    Andrew Lorenz, FTI Consulting

    T: +44 (0)203 727 1323

    M: +44 (0)7775 641807

    Person responsible

    The person responsible for arranging the release of this announcement on behalf
    of the Company is Kerry Watson, Company Secretary (+44 1527 517715).

    Cautionary Statement

    This announcement contains forward looking statements which are made in good
    faith based on the information available at the time of its approval. It is
    believed that the expectations reflected in these statements are reasonable but
    they may be affected by a number of risks and uncertainties that are inherent
    in any forward looking statement which could cause actual results to differ
    materially from those currently anticipated. Nothing in this document should be
    regarded as a profits forecast.

    Notes to Editors

    GKN plc is a global engineering group. It has three divisions; GKN Aerospace,
    GKN Driveline and GKN Powder Metallurgy, which operate in the aerospace and
    automotive markets. Over 58,000 people work in GKN companies and equity
    accounted investments in more than 30 countries. GKN plc is listed on the
    London Stock Exchange (LSE: GKN) and recorded sales of £9.4 billion in the year
    to 31 December 2016.