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                                                                 [phone]

W H Ireland                                                                                                     
Harry Ansell / James Joyce                                                                      [phone]

Liberum Capital Limited                                                                                         
Chris Bowman / Richard Bootle                                                                   [phone]

Blythe Weigh Communications                                                                                     
Tim Blythe / Eleanor Parry                                                                      [phone]

Avation plc