Publication of Prospectus

AVATION PLC

                                      ("Avation" or the "Company")

                                              29 June 2012

                        THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
                     RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
                   DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
                      STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER
                            JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

                                        Publication of Prospectus

Further to the Company's announcement on 30 May 2012 in relation to the placing of 2,000,000 new ordinary
shares  in  the  capital of the Company (the "Placing Shares") at a price of 100  pence  per  share  (the
"Placing")  conditional, inter alia, on a prospectus of the Company being published in  relation  to  the
Placing,  Avation announces that a prospectus dated 29 June 2012 (the "Prospectus") has been approved  by
the UK Listing Authority (the "UKLA") and has subsequently been published.

The Prospectus is to be made available in a printed form, free of charge, at the Company's office and the
office of W H Ireland Limited at the addresses set out below:

                       Avation PLC                                      W H Ireland Limited

                       Cheyne House                                       24 Martin Lane
                       Crown Court                                        London EC4R 0DR
                     62 -63 Cheapside                                     United Kingdom
                     London EC2V 6AX
                      United Kingdom

In  addition, a copy of the Prospectus will shortly be submitted to the UKLA's National Storage Mechanism
and will be available for inspection at www.Hemscott.com/nsm.do.

The directors of the Company take responsibility for the contents of this announcement.

ENQUIRIES

Avation PLC:

Jeff Chatfield (Chairman)             [phone]

W H Ireland Limited:

Harry  Ansell (Stockbroker)           [phone]
James Joyce (Stockbroker)             [phone]

Cadogan PR                            [phone]
Alex Walters / Lavinia Fiamma   

Avation PLC

DISCLAIMER

This  announcement  does  not  constitute an offer to sell or an invitation  to  subscribe  for,  or  the
solicitation of an offer or invitation to buy or subscribe for, Placing Shares in any jurisdiction  where
such  an  offer or solicitation is unlawful or would impose any unfulfilled registration, publication  or
approval requirements on the Company and/or W H Ireland Limited (in its capacity as the placing agent).

The  distribution  of  this announcement in jurisdictions other than the United  Kingdom,  including  the
United  States,  Australia, Canada, India, Japan, New Zealand or the Republic of  South  Africa,  may  be
restricted  by  law  and therefore persons into whose possession this announcement  comes  should  inform
themselves  about  and  observe  any of those restrictions. Any failure  to  comply  with  any  of  those
restrictions may constitute a violation of the securities laws of any such jurisdiction.

The  Placing  Shares  will  not  be registered under the US Securities  Act  of  1933,  as  amended  (the
"Securities Act") or under the relevant laws of any state or other jurisdiction of the United  States  or
under  applicable securities laws of any state, province or territory of Australia, Canada, India, Japan,
New  Zealand or the Republic of South Africa and, accordingly, subject to certain exceptions, the Placing
is not being made, and none of the Placing Shares may be offered, sold, resold, delivered or transferred,
directly or indirectly, in or into the United States, Australia, Canada, India, Japan, New Zealand or the
Republic  of  South Africa or any other jurisdiction where such offer or sale would violate the  relevant
securities laws of such jurisdiction.

W  H Ireland Limited, which is authorised and regulated by the Financial Services Authority of the United
Kingdom,  is acting exclusively for the Company and for no one else as placing agent in relation  to  the
Placing  and  the listing of the Placing Shares on the Official List of the UKLA and their  admission  to
trading on the London Stock Exchange's main market for listed securities, and will not be responsible  to
any  other  person for providing the protections afforded  to  clients  of W H Ireland  Limited  nor  for  
providing advice in connection  with  the  Placing, proposed  listing or admission to trading or contents
of this announcement or any other matters referred to in this announcement.

Avation plc