Issue of Equity on exercise of Warrants

AVAP 21 February 2013 AVATION PLC ("AVATION" or "THE COMPANY") Issue of Equity on exercise of Warrants by Directors The Board of Avation PLC (LSE: AVAP), announces that on 21 February 2013, the Company allotted 60,510 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, 60,510 new ordinary shares (representing 0.14% of the enlarged issued share capital of the Company) to Epsom Assets Ltd, a company in which Mr. Chatfield has an interest, were allotted. Following Admission, Mr Chatfield's will be interested in 16% of the Company (with 7,100,001 ordinary shares). 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 28 February 2013. Following Admission, there are will be a total of 44,434,973 ordinary shares in issue. For the purposes of calculating Total Voting Rights shareholders may use the number 44,434,973 as the total number of shares in issue from the date of Admission. ---ENDS--- Enquiries: Avation PLC Jeff Chatfield, Chairman +44 7783 942 553 Cadogan PR Alex Walters +44 20 7839 9260 +44 (0) 7771 713 608 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 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

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Avation (AVAP)
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