Acquisition of Exterran UK

4th July 2013

                                Avingtrans plc                                 

                   ("Avingtrans", "Group" or "the Company")                    

                          Acquisition of Exterran UK                           

Avingtrans plc, which designs, manufactures and supplies critical components
and associated services to the global aerospace, energy, and medical sectors,
announces that it has acquired the entire issued share capital of Exterran (UK)
Ltd. ("Exterran UK"), the UK operations of US-based Exterran for a total
consideration of £1 (the "Acquisition").

The principal activity of the acquired business, which is based in Walsall, is
the design, fabrication and installation of products for the global oil and gas
market, including equipment solutions for petroleum production, gas processing,
produced water treatment and aftermarket parts and services. The business has
traded in the UK for many years and has been a long standing customer of
Metalcraft. The business, which employs 85 people, will be integrated into the
Energy and Medical division of Avingtrans. This new part of the division will
henceforth be known as Maloney Metalcraft Ltd, to reinvigorate a previously
well-known brand name in this market sector. Its key customers include:
Petrofac, Talisman, Porvair, EDF and Shell.

The Board believes that the Acquisition complements the existing capabilities
within its energy offering and will provide cross selling opportunities. It
will also enable the Company to pitch for larger projects once the Acquisition
is fully integrated. The Board believes that the experience and capability of
the Exterran UK engineering team will provide additional expertise as
Avingtrans looks to increase its product offering and grow the division.

In the financial year ended 31 December 2012, Exterran UK reported revenue of £
16.3 million and an adjusted loss before tax of £0.5m (which includes an
adjustment for the removal of a loss making contract which was novated
following the year end). Exterran UK is being acquired with a cash balance of £
2 million, which management believes will be sufficient to fund the turnaround
of the business, and on completion is expected to have net assets of circa £1.2
million. The Company expects Exterran UK to be at least break even in the year
ending 31 May 2015 and earnings enhancing thereafter. (1).

Steve McQuillan, Chief Executive of Avingtrans commented:

"We are pleased to announce the acquisition of Exterran UK which has a strong
pedigree. This addition to the Avingtrans Group reinforces our plan to build
the business around our two core divisions; Metalcraft (Energy and Medical) and
Sigma (Aerospace) and provides scale and expertise in the attractive Energy
marketplace. We are delighted that they will be joining the Group and are
confident of our combined future success."

                                    -ends-                                     

Avingtrans plc                                            Tel: [phone]                   
Steve McQuillan, Chief Executive Officer                                      
Stephen King, Finance Director                                                
                                                                              
Numis (Nominated Advisor & Broker)                        Tel: [phone]                   
David Poutney (Corporate Broking)                                             
Richard Thomas (Corporate Finance and Nominated Adviser)                                                            
                                                                              
Newgate Threadneedle(Financial PR)                        Tel: [phone]                   
Josh Royston                                                                  
                                                                              
Heather Armstrong                                                             

 1. No statement in this announcement is intended as a profit forecast or
    estimate for any period and no statement in this announcement should be
    interpreted to mean that earnings or earnings per ordinary share for the
    Company, for the current or future financial years would necessarily match
    or exceed the historical published earnings or earnings per ordinary share.