TRIUMPH ANNOUNCES PRO-RATA DISTRIBUTION OF WARRANTS TO PURCHASE COMMON STOCK

Takes Proactive Steps to Optimize its Capital Structure and Deleverage the Balance Sheet

BERWYN, Pa. – December 1, 2022 – Triumph Group, Inc. (NYSE: TGI) (“TRIUMPH” or the “Company”) today announced that its Board of Directors has declared a distribution of warrants to holders of the Company’s common stock. Holders may exercise their warrants for shares of common stock with cash or the Company’s bonds at face value, as will be specified under the terms in the warrant agreement.