Issue of Equity on exercise of warrants by dire...

7 December 2009

                                            AVATION PLC
                                   ("Avation" or the "Company")

                                          ISSUE OF SHARES

The Board of Avation announces that on the 3 December 2009, the Company issued and allotted 13,500
fully  paid  new  ordinary  shares pursuant to the exercise by Giant Mix Enterprises  Limited.  (a
company in which Mr. Baudinette, a director of Avation, has a beneficial interest) of options at a
price of 24.5p pence per ordinary share.

The  Company also issued and allotted 50,000 fully paid ordinary shares in the Company at a  price
of  24.5p pence per ordinary share to Bryant James McLarty as trustee for the McLarty Family  A/C,
Mr McLarty is a director of the Company.

As  a consequence there are now a total of 25,619,010 shares in issue and the Directors' interests
are now 17.5%. Mr Baudinette has a beneficial interest in 620,000 shares representing 2.42% of the
issued  ordinary  share  capital of the Company. Mr McLarty has a beneficial  interest  in  57,300
shares representing 0.22% of the issued ordinary share capital of the Company.

                                            ---ENDS---

             The directors take responsibility for the contents of this announcement.

ENQUIRES:

AVATION PLC                                                                     07783 942 553
Jeff Chatfield, Chairman

ADVISOR                                                                            020 7628 1128
Frank Lucas, Loeb Aron & Company

Avation plc