Avation plc

March 01, 2012 04:35 ET

Directors Dealing


                                                                                      1 March 2012

                                            AVATION PLC
                                          (the "Company")

Directors Dealing

The  board  of  the  Company (the "Board") announces that on 28 February  2012,  Roderick  Douglas
Mahoney, a director of the Company, purchased 10,000 Avation PLC ordinary shares at a price of 106
pence per share.

Following  this  transaction,  Mr  Mahoney holds an interest in 110,000  shares  in  the  Company,
representing 0.00259% of the voting rights.

Remuneration Committee

The  Company  announces that on 29 February 2012, the Board resolved to constitute a  remuneration
committee  (the "Remuneration Committee") comprised of Robert Jeffries Chatfield and Bryant  James
McLarty as committee chairman

The  Board  believes  that the establishment of the Remuneration Committee adds  to  its  existing
framework  for corporate governance and enables the Company to take further steps to  comply  with
the UK Corporate Governance Code.

The Remuneration Committee's terms of reference provide that it will:

    *   meet twice yearly
    *   determine the framework or broad policy for the remuneration of the Directors and the
        other senior executive members of the management team;
    *   within the terms of the agreed policy, advise the Board as to recommended remuneration
        packages for the Chairman, the Executive Directors and the other members of the management team;
    *   review the ongoing appropriateness and relevance of the remuneration policy.



Avation PLC:                                                                                         
Jeff Chatfield, Executive Chairman                                                   +44 7783 942 553

Financial Public Relations                                                                           
Cubitt Consulting                                                                                    
Nicholas Nelson/Chris Lane                                                           +44 20 7367 5118


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