Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

SALE OF AIRBUS A321 AIRCRAFT

Avation PLC (LSE: AVAP) the commercial passenger aircraft leasing company announces that it has completed the sale of a 20-year-old Airbus A321-200 aircraft.

Executive Chairman Jeff Chatfield said "Avation has a policy of focusing on new design, young and fuel-efficient aircraft. This A321 was Avation's oldest aircraft at about 20 years old, and thus was an ideal candidate for disposal".

-ENDS-

Enquiries:

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

Avation welcomes shareholder questions and comments and advises the email address is: [email protected]

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.