Directors' Dealing

RNS: AVAP 20 November 2013 AVATION PLC (the "Company") DIRECTORS' DEALING Avation PLC, (LSE: AVAP) the aircraft leasing company, announces that pursuant to the approval given by members at the Company AGM, warrants have been allocated today to various members of the executive team of the Company as set out below. The warrants have been granted subject to the Company's Remuneration Policy which includes vesting mechanisms, and claw-back, and involves both short-term incentives and long-term incentives. This grant of warrants is in accordance with the authorities and powers given by shareholders at the Company's recent annual general meeting. The warrants have been granted at an exercise price of 110 pence per share and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on terms customary for employee share remuneration. Details of the warrants granted are as follows: Robert Jeffries Chatfield, Director 335,000 Roderick Mahoney, Director 300,000 Richard Wolanski, Finance Director 300,000 Duncan Scott, Group General Counsel 255,000 The balance of the authorised warrants will be held in reserve. -ENDS- More information on Avation PLC can be seen at: www.avation.net Enquiries: Avation PLC Jeff Chatfield, Executive Chairman +65 973514151 W H Ireland Harry Ansell / James Joyce +44 20 7220 1666 Liberum Capital Limited Chris Bowman / Richard Bootle +44 203 100 2222 Blythe Weigh Communications Tim Blythe / Eleanor Parry +44 207 138 3204 Avation plc