Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

SENIOR NOTES - ALL CASH INTEREST ELECTION

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has elected to pay all cash interest at 8.25 per cent per annum on its US$350 million Senior PIK Toggle Notes due 2026 issued under its Global Medium Term Note Programme. The all cash interest will be payable to holders of the notes on 15 May 2022 in accordance with the terms and conditions of the notes.

ENDS-

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.