Director's Holding

(LSE: AVAP)

19 December 2012

                                              AVATION PLC
                                            (the "Company")

                                          DIRECTOR'S DEALING

The Board of Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company announces that
on 18 December 2012, Roderick Douglas Mahoney, a director of the Company, purchased 30,000 Avation PLC
ordinary shares at a price of 88 pence per share.

Following this transaction, Mr Mahoney holds an interest in 140,000 shares in the Company,
representing 0.315% of the voting rights.

                                                 ENDS

Enquiries:

Avation PLC
Jeff Chatfield, Chairman                                   [phone]

Cadogan PR                                                 [phone]
Alex Walters                                               [phone]

Further information on Avation PLC can be seen at: www.avation.net. Avation PLC is registered in
England and Wales with an Operational Headquarters in Singapore.

About Avation:

Avation was formed in 2006 as a aircraft lessor. Avation was admitted to the Standard segment  of  the
Official  List  of  the  London  Stock Exchange in October 2010. The Company's  main  activity  is  an
operating  lessor  of commercial passenger aircraft to airlines across Europe, the US  and  Australia.
Early in 2011 the company entered into an agreement with Skywest Airlines to provide a fleet of up  to
eighteen new aircraft to operate along the East Coast of Australia on behalf of Virgin Australia.

Avation plc