Avation Orders Additional Aircraft

Avation PLC, (LSE: AVAP) the commercial passenger aircraft leasing company is pleased to announce
that, further to the announcement made on the 30th October 2012, the Company has now exercised the
three ATR72-600 options previously announced and has also exercised a fourth ATR72-600 purchase
right. This fourth aircraft follows confirmation by Virgin Australia that it requires an
additional aircraft for delivery in 2013.

These aircraft will be delivered into the Australian Regional Airline Network (“ARAN”) a strategic
alliance between Avation, the Australian carrier Skywest Airlines and Virgin Australia during 2013
and 2014.

The Company has also exercised three additional purchase rights for delivery during 2014 which
will take the total number of aircraft on firm order from ATR to twenty. Avation is seeing strong
demand for this aircraft type, which underpins the Company’s decision to exercise these purchase
rights for future placement.

Nine ATR72 aircraft have been delivered to date, including two additional ATR72 aircraft which
were acquired from another source. The remaining thirteen aircraft will be delivered between
December 2012 and the end of 2014.

Commenting today, Jeff Chatfield, Chairman of Avation said: “This order for seven additional ATR72-
600 aircraft is evidence of the continued success of the ARAN program and of the suitability of
our leasing product to meet the expectations of our customer. It also demonstrates our firm
commitment to grow the Company’s portfolio with the most modern, efficient and environmentally
friendly aircraft available.”