SHARE BUYBACK

LSE: AVAP

20 September 2013

                                                AVATION PLC

                                              (the "Company")

                                               SHARE BUYBACK

Avation  PLC,  the  commercial  passenger aircraft leasing company, announces  that  it  purchased  150,000
ordinary  shares in the Company on 19 September 2013 at a price of 94 pence per ordinary share representing
approximately 0.31 per cent of the Company's current issued ordinary share capital. These 150,000  ordinary
shares  are  to be held in treasury. The purchase was conducted in accordance with the authority  given  by
shareholders at the AGM conducted on the 4th of December 2012.

For  the  purposes  of the Financial Conduct Authority's Disclosure and Transparency Rules,  following  the
share  buyback,  the total number of ordinary shares in issue as at the date of this notice is  48,822,960,
with 300,000 shares held in treasury.

Therefore  the figure of 48,522,960 may be used by shareholders as the denominator for the calculations  by
which they can determine if they are required to notify their interest in, or a change to their interest in
the Company, under the Disclosure and Transparency Rules.

                                               --- ENDS ---

ENQUIRIES

Avation PLC:                                                                      [phone]
Jeff Chatfield (Executive Chairman)                                               

Liberum Capital Limited:                                                          [phone]
Chris Bowman / Richard Bootle                                                     

W H Ireland Limited:                                                              [phone]
James Joyce / Harry Ansell                                                        

Blythe Weigh Communications:                                                      [phone]
Tim Blythe / Eleanor Parry                                                        

Avation plc