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AVATION PLC

("Avation" or "the Company")

SENIOR NOTES REPURCHASE

Avation PLC (LSE: AVAP) , the commercial passenger aircraft leasing company announces that it has repurchased US$1,940,000 face value of Avation Capital S.A. Senior PIK Toggle Notes due 2026 (the "Notes") issued under Avation's global medium term note programme . The Notes were acquired at a price equal to 97.50 per cent of face value and will be cancelled. Following cancellation there will be US$324,615,981 remaining Notes outstanding

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Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net .

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