Avation: Acquisition of ATR72 and Airbus A321 Aircraft

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces the acquisition of an
additional new ATR 72-600 series aircraft to its fleet. The aircraft was accepted by Avation on the 31st of
May at ATR’s manufacturing facility in Toulouse, France. This is the sixth ATR 72-600 to be added to
Avation’s fleet and is the Company’s twelfth new ATR 72.

This latest aircraft is leased to the Australian carrier Virgin Australia Regional Airlines, added pursuant
to the Australian Regional Airline Network (ARAN) agreement to supply a fleet of new aircraft. The
acquisition was financed by the Company from its existing cash resources, including senior secured debt
provided by an export credit agency.

Furthermore, Avation’s subsidiary, Capital Lease Aviation PLC (LSE: CLA), has acquired an additional Airbus
A321 on lease to Thomas Cook subsidiary, Condor Flugdienst GmBH of Germany. The aircraft was acquired from
another lessor and is leased to Condor until 29 April 2018. The aircraft variant is an Airbus A321-200 with
CFM56-5B3/P engines and was manufactured in December 2001. The aircraft is registered in Germany. This
aircraft was financed with commercial senior secured debt, which runs a term contemporaneous with the
lease, and junior unsecured debt.

Avation PLC’s Executive Chairman, Jeff Chatfield said “We are continuing our strategy of rapid fleet
expansion. Our overall group fleet now stands at 23 modern commercial passenger aircraft. We are pleased to
have a firm delivery pipeline of new aircraft until December 2014 that, based on current orders, will see a
fleet increase of 35 per cent by the end of 2014.”

The Company is not planning to issue any additional equity at this time.