22 November 2021

Avingtrans plc

("Avingtrans", the "Company", or the "Group")

Exercise of Options, PDMR Dealings and Total Voting Rights

Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces certain dealings in its shares by Austen Adams (an MD within the Company's Process Solutions & Rotating Equipment and a PDMR of the Company), and other staff members pursuant to the Company's Share Option Plan ("CSOP") and Executive Share Option Plan.

PDMR Dealings

Shares Awarded Under Joint Ownership EBT

Austen has been awarded 32,281 Ordinary Shares out of the Company's Employee Benefit Trust

Sale of Shares

Following the PDMR award of Ordinary Shares from the Company's EBT, Austen immediately sold 32,281 Ordinary Shares at an aggregated price of 440.00 pence per Ordinary Share.

Purchase of shares into ISA

Austen subsequently purchased a total of 8,839 Ordinary Shares at aggregated price of 451.88 pence per Ordinary Share into his and his wife's ISA's.

As a result of the above activity (and following the issue of new Ordinary Shares as set out below), Austen's interest in the Company's issued share capital increased to 146,171⁽¹⁾ Ordinary Shares, representing 0.45% of the Company's enlarged share capital.

⁽¹⁾This figure includes 141,747 Ordinary Shares held by Tracey Adams

Issue of Equity

In connection with the exercise of options by other members of staff, the Company has issued, conditional on admission to trading on AIM, a total of 104,000 new ordinary shares of 5 pence each ("New Ordinary Shares") in the Company. Application for admission of the New Ordinary Shares to trading on AIM has been made and admission is expected to occur on or around 26 November 2021 ("Admission").

Total Voting Rights

Following the issue of the 104,000 New Ordinary Shares the Company will have a total of 32,126,320 Ordinary Shares in issue. The Company does not hold any shares in Treasury. The above figure may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure Guidance and Transparency Rules.

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About Avingtrans plc:

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

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