Issue of Equity on exercise of Warrants by Dire...

(LSE: AVAP)

Singapore, 12 March 2013

                                            AVATION PLC
                                   ("AVATION" or "THE COMPANY")

                        Issue of Equity on exercise of Warrants by Director

The Board of Avation PLC (LSE: AVAP), announces that on 12 March 2013, the Company allotted 50,000
fully paid new ordinary shares pursuant to the exercise of Warrants at a price of sixty-seven  and
a  half  pence per share (67.5p), conditional only on admission of the new shares to the  Official
List  and  to  trading  on the London Stock Exchange's main market for listed securities  becoming
effective (Admission).

Pursuant  to the exercise of the warrants, 50,000 new ordinary shares (representing 0.11%  of  the
enlarged issued share capital of the Company) were allotted to Bryant James Mclarty, a director of
the Company.

Application will be made for the new ordinary shares to be listed on the standard segment  of  the
Official List and to be admitted to trading on the London Stock Exchange's main market for  listed
securities.  It  is  expected that Admission will become effective and that dealings  in  the  new
ordinary shares will commence at 8:00 a.m. on 19 March 2013.

The  Company also advises that on 11 March 2013, Mr Mclarty sold 50,000 shares in the Company off-
market at a price of 82.5 pence per share (the Sale).

Following Admission and the Sale, Mr Mclarty will continue to be interested in 0.3% of the Company
with 117,300 ordinary shares.

Following  Admission, there will be a total of 44,484,973 ordinary shares in  issue.  For  the
purposes  of  calculating Total Voting Rights shareholders may use the number  44,484,973  as  the
total number of shares in issue from the date of Admission.

                                            ---ENDS---

ENQUIRIES

Avation PLC:                                            
Jeff Chatfield (Chairman)                               [phone]

Media:                                                  
Cadogan PR                                              
Alex Walters                                            [phone]
                                                        [phone]

Avation PLC is registered in England and Wales with an Operational Headquarters in
Singapore.

About Avation:

Avation was formed in 2006 as an 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