SENIOR NOTES REPURCHASED

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

SENIOR NOTES REPURCHASED

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that on 12 November 2020 the Company repurchased US$1,315,000 Avation Capital S.A. 6.5% senior notes due 2021 issued under Avation's global medium term note programme. The notes were acquired through the market at a price equal to 65 per cent of face value and will be cancelled.

There are US$342,642,000 Avation Capital S.A. 6.5% senior notes due 2021 outstanding following this transaction.

ENDS-

Enquiries:

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

Avation welcomes shareholder questions and comments which may be sent to the email address: [email protected]

Notes to Editors:

Avation PLC is an aircraft leasing company headquartered in Singapore which owns and manages a fleet of commercial passenger aircraft leased to airlines around the world.

More information on Avation is available at www.avation.net.