Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

AIRBUS A320 LEASE EXTENSION

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that it has agreed a further lease term extension on an Airbus A320-200 aircraft operated by easyJet, with the expiry date for the lease having been extended from October 2026 to March 2029.

-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: investor@avation.net and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 6252 2077.

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.