CORPORATE CREDIT RATING

AVAP: LSE by RNS 21 May 2015

AVATION PLC

CORPORATE CREDIT RATING

Avation PLC (LSE: AVAP) ("Avation" or the "Company"), the commercial passenger aircraft leasing company, announces that Standard and Poor's ("S&P") rating services has assigned a long term corporate credit rating of "B" to the Company with a stable outlook.

As a Singapore based company, Avation was assigned an "axBB" long term ASEAN regional scale rating. Furthermore, a "B-" long term rating was assigned to the Company's first tranche of its medium term notes programme.

-ENDS-

More information on Avation PLC can be found at: www.avation.net

Enquiries:

Avation PLC - Jeff Chatfield Executive Chairman +65 6252 2077

R. W. Pressprich & Co. - Steven Welo, Managing Director +1 763 252 1650

Seaport Global Securities LLC - Matt Gourlay, Managing Director +1 646 459 5259

WH Ireland - Harry Ansell / James Joyce +44 20 7220 1666

Blytheweigh - Tim Blythe / Andrea Benton +44 20 7138 3204