NOTIFICATION OF MAJOR INTEREST IN SHARES

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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Avation PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Artemis Investment Management LLP on behalf of discretionary funds under management
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	03 March 2015
6. Date on which issuer notified:	04 March 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	5%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi


Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Richard Smithson
15. Contact telephone number:	0207 399 6063

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