Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 DIRECTORS' DEALING

Robert Jeffries Chatfield, a director, subscribed by warrant exercise on 23 March 2023 via a company in which he is interested for 300,000 ordinary shares and has now sold these 300,000 shares through the market at an average price of 125 pence per share. Accordingly, his direct and indirect holdings in ordinary shares are 12,230,001 which represent 17.25 per cent of the share capital.

-ENDS-

Enquiries:

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

Avation welcomes shareholder questions and comments and advises the email address for questions is: [email protected] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 62522077.

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.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.