Avation plc

March 18, 2011 14:09 ET

EGM Statement


                                                                                    March 18, 2011

                                            AVATION PLC
                                          (the 'Company')
                               Result of General Meeting and Placing

Avation  plc,  is pleased to announce that at its General Meeting held today that all  resolutions
were passed. Matters resolved at the EGM included the authority to issue the shares in relation to
the conditional placing of £10m that the Company announced on the 9th of March 2011.

The  conditional  placing and the admission of new shares is conditional on the publication  of  a
prospectus  prepared in accordance with the Prospectus Rules of the Financial  Services  Authority
(the "FSA") made under section 73A of FSMA and approved by the FSA under section 87A of FSMA and a
Placing  Agreement with WH Ireland Limited becoming unconditional in all respects (save  only  for
Admission) and not being terminated in accordance with its terms.

It is anticipated that the prospectus will be published not later than 28 March 2011.  Application
will  be  made  for the new shares to be listed on the Official List with a Standard  Listing  and
admitted  to  trading  on  the London Stock Exchange's main market for listed  securities.  It  is
expected that Admission will become effective and that dealings in the New Ordinary Shares,  fully
paid, will commence by 31 March 2011.

A copy of the resolutions passed at the General Meeting has been submitted to the National Storage
Mechanism and will shortly be available for  inspection at : www.hemscott.com/nsm.do

The Directors take responsibility for the contents of this announcement.



Avation plc
Jeff Chatfield, Executive Chairman                                     +44 7783 942 553

Harry Ansell, Stockbroker                                              +44 20 7220 1670
James Joyce                                                            +44 20 7220 1666

Financial Public Relations
Bishopsgate Communications                                             +44 207 562 3350
Laura Stevens/Giang Nguyen


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