EBT Share Sale

The following amendment has been made to the announcement released on 16 February 2016 at 07.00 under RNS No 1425P.

The heading has been amended to read 'EBT Share Sale'

All other details remain unchanged. The full amended text is shown below.

16 February 2016

Gama Aviation plc (AIM: GMAA)

("Gama Aviation" or the "Company")

EBT Share Sale

Gama Aviation Plc, one of the world's largest business aviation service providers, previously established an employee benefit trust ("EBT") as a transitional mechanism to facilitate awards of ordinary shares to legacy Gama Aviation employees employed at the time of the reverse takeover of Hangar8 plc in early January 2015. The EBT held a total of 1,363,855 ordinary shares in the Company.

Following a sale of shares by the EBT, the EBT no longer has a notifiable interest in the issued share capital of the Company.

End.

Gama Aviation PlcMarwan Khalek, Chief Executive +44 1252 553043

Citigate Dewe Rogerson +44 207 638 9571Chris Jarvis, Associate Director Phil Anderson, Executive Director

Cantor Fitzgerald Europe +44 207 894 7000(Nominated Adviser & Broker) Marc Milmo / Catherine Leftley (Corporate Finance)David Banks (Corporate Broking)