TIDMAVAP

RNS Number : 8917V

Avation PLC

12 August 2020

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 11 August 2020 the Company repurchased US$1,609,000 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 71 per cent of face value and will be cancelled.

There are US$343,957,000 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: investor@avation.net

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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 12, 2020 02:00 ET (06:00 GMT)

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