Triumph Group, Inc. announced that it has commenced an offer to purchase for cash (Asset Sale Offer) up to $580,000,000 of its outstanding 9.000% Senior Secured First Lien Notes due March 14, 2028 (the ?Notes?) with a portion of the net cash proceeds that it will receive from its previously announced sale of its product support business (the ?Sale?). The Asset Sale Offer is being made pursuant to the indenture governing the Notes, dated as of March 14, 2023 (the ?Indenture?) and the Asset Sale Offer to be Purchase, dated February 16, 2024, (the ?Offer to Purchase?) which more fully sets forth the terms and conditions of the Asset Sale Offer. The Asset Sale Offer will expire at 5:00 p.m., New York City time, on March 18, 2024 (the ?Expiration Date?), unless extended or earlier terminated by the Company, with an early tender deadline of 5:00 p.m., New York City time, on March 4, 2024 (the ?Early Tender Date?), unless extended or earlier terminated by the Company.

Under the terms of the Asset Sale Offer, holders of the Notes (?Holders?) who validly tender (and do not validly withdraw) their Notes on or prior to the Early Tender Date, and whose Notes are accepted for purchase by the Company, will receive the ?Asset Sale Consideration,? which will be equivalent to $1,000 per $1,000 principal amount of Notes tendered. Holders validly tendering their Notes between the day following the Early Tender Date and on or prior to the Expiration Date will only be eligible to receive the ?Tender Offer Consideration,?

which will be equal to $990 per $1,000 principal amount of Notes tendered. In addition, Holders whose Notes are accepted for purchase by the Company will receive a cash payment representing the accrued and unpaid interest on those Notes from the applicable last interest payment date to, but not including, the applicable Payment Date (as defined in the Offer to Purchase) (?Accrued Interest?). The Asset Sale Consideration or the Tender Offer Consideration, as applicable, and any Accrued Interest, in each case, will be paid in cash to Holders whose Notes are accepted for purchase by the Company.

If the Asset Sale Offer is oversubscribed, the Company will accept for purchase Notes on a pro rata basis as set forth in the Offer to Purchase. On February 6, 2024, the Company issued a notice of conditional redemption in respect of $120,000,000 of the Notes to be redeemed on March 4, 2024 at a redemption price of 103.00% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, to, but not including the date of redemption. Pursuant to the procedures set forth under the Indenture, by The Depository Trust Company (?DTC?) and brokers for the Holders of the Notes, any Notes selected to be redeemed pursuant to said redemption will not be eligible to be tendered pursuant to the Asset Sale Offer.

The redemption of the Notes is conditioned upon the consummation of the Sale. Pursuant to the Indenture, the Company is permitted, but not obligated, to issue a second notice of redemption in respect of up to $120,000,000 of the Notes, with such redemption date to be on or after March 15, 2024 at a redemption price of 103.00% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, to, but not including the date of redemption. The redemption prices described above for the Notes are higher than what Holders who tender their Notes pursuant to the Asset Sale Offer will receive as the Asset Sale Consideration and the Tender Offer Consideration, as applicable.