NEW PIPER ANNOUNCES NEW DEALERSHIP

VERO BEACH, Fla., March 7, 2006 – The New Piper Aircraft, Inc. today announced that Piper Generalvertretung utschland AG (Piper AG), a long-standing Piper aler, is expanding operations to inclu sales, parts and service for the United Kingdom, Spain and related territories. The transition from existing operations by Senate Aviation Limited is effective immediately and comes after several weeks of negotiations with Piper AG and the consent of Piper Aircraft. Specifically, Piper AG will add the United Kingdom, Ireland, the Channel Islands, the Isle of Man and Spain to its existing base of operations, which encompasses the Federal Republic of Germany, Austria, Switzerland and Hungary. Piper AG has established Piper Parts and Sales UK, as its wholly owned parts and sales distributor for its expand operations. The operations will be immediately headquartered at Bournemouth International Airport in Christchurch, UK. “Piper AG, which has been a loyal and valued Piper distributor since 1968, brings a wealth of experience and a stellar record of achievement to its new expanded operations,” said James K. Bass, President and CEO of New Piper Aircraft. “The United Kingdom and Spain are vital markets for New Piper, and we are particularly pleased to see a company of Piper AG’s caliber on hand to service the needs of our large and loyal customer base in those countries.” Wilfried Otto, Chairman of Piper AG, said that Piper UK has significant plans for the future. “This transition and expansion is just the beginning of a new commitment to our customers,” Otto said. “Our immediate goal is to relocate Piper UK to another airport in the United Kingdom, where we will build a new facility with hangar space for aircraft maintenance, warehouse space for spare parts and office space for marketing activities. We have already started negotiating with 10 potential UK airports and expect to relocate by July of this year.” In all, Piper UK will employ an eight-person staff in Bournemouth and increase parts inventory value by up to £300,000. Moreover, at least three different Piper Aircraft will be permanently based at Bournemouth for demonstration flights, and Piper UK plans to establish additional Piper Sales Centers (subalers or agents) and Piper Service Centers (maintenance) in the UK to be concluded by June 30, 2006. “Piper AG has played an integral role in New Piper’s growth and success in the European market,” said Molly Martin Pearce, New Piper’s Director of Dealer Relations & Sales, “and we know that their team will continue to provide exemplary service for our customers throughout this territory”. Piper AG, a public-traded company listed on the Frankfurt stock exchange, employs approximately 80 people and lists various clients, business partners and its entire staff as shareholders of the company. In continuing this tradition, the parent company will be offering all employees, clients and business partners in the United Kingdom shares of the company. The New Piper Aircraft, Inc., hequartered in Vero Beach, Fla., is the only general aviation manufacturer to offer a complete line of aircraft for every general aviation mission, from trainers and high-performance aircraft for personal and business use to turbine-powered business aircraft. # # # For further information, contact: Mark S. Miller (772) 299-2900 Fax: (772) 978-6597 mail to: m.miller@newpiper.com www.newpiper.com PIPER PARTS UK LTD Unit 5, Basepoint Business Centre Aviation Park West Ÿ Enterprise Way Bournemouth International Airport Christchurch BH23 6NW Ÿ UK Tel: +44(0)1202 651 260 - 265 Fax: +44(0)1202 651 266 www.piper-germany. www.piper-uk.co.uk parts@piper-uk.co.uk