Bennelong Asset Management LLP
LSE : TTM

June 03, 2009 08:30 ET

Holding in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
                                                                                                                           
1. Identity of the issuer or the underlying issuer                  Avation Plc
of existing shares to which voting rights are
attached: (ii)

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights
                                                                           
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):    Notification of pre-existing position due to
                           change in regulatory disclosure for                          X
                           Contracts for Difference

3. Full name of person(s) subject to the                    Bennelong Asset Management LLP
   notification obligation: (iii)

4. Full name of shareholder(s)                              Bennelong Asia Pacific Multi Strategy Equity Fund Limited
   (if different from 3.): (iv)

5. Date of the transaction and date on                      1st  June 2009
which the threshold is crossed or
reached: (v)

6. Date on which issuer notified:                           3rd June 2009

7. Threshold(s) that is/are crossed or                      > 3%
reached: (vi), (vii)

8. Notified details:

A: Voting rights attached to shares (viii), (ix)
Class/type of          Situation previous            Resulting situation after the triggering transaction
shares                 to the triggering
                       transaction

if possible using      Number         Number         Number         Number of voting            % of  voting rights (x)
the ISIN CODE          of             of             of shares      rights
                       Shares         Voting
                                      Rights         Direct         Direct (xi)    Indirect (xii)   Direct     Indirect
                                                                                                               
                                                                                                               

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial             Expiration     Exercise/                  Number of voting              % of voting
instrument                    date xiii      Conversion Period xiv      rights that may be            rights
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/ converted.
Contract for Difference                                                 3,620,000                     14.164%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv), (xvi)
Resulting situation after the triggering transaction

Type of financial       Exercise      Expiration    Exercise/       Number of voting rights         % of voting rights xix,
instrument              price         date xvii     Conversion      instrument refers to            xx
                                                    period xviii                                    
                                                                                                    Nominal       Delta
                                                                    
                                                                                                                  

Total (A+B+C)
Number of voting rights                                       Percentage of voting rights
3,620,000                                                     14.164%

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:                                             Mr. Peter McHale
15. Contact telephone number:                                 0207 190 3473

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in shares
                                                                                                                           
A: Identity of the persons or legal entity subject to the notification obligation
Full name                                              
(including legal form of legal entities)

Contact address
(registered office for legal entities)

Phone number & email                                                                                       

Other useful information 
(at least legal representative for legal persons)

                                                                                                                           
B: Identity of the notifier, if applicable
Full name                                                                                                            

Contact address                                                                                                   

Phone number & email                                                                                        

Other useful information                                                                                     
(e.g. functional relationship with the person or legal
entity subject to the notification obligation)
                                                                                                                           
C: Additional information


Contact Information

  • Bennelong Asset Management LLP