REPLACEMENT: Holdings in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

STRAT AERO, PLC

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

An acquisition or disposal of voting rights

x

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):

x

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

AERO KINETICS HOLDINGS, LLC

4. Full name of shareholder(s)

(if different from 3.): iv

AERO KINETICS HOLDINGS, LLC

5. Date of the transaction and date on which the threshold is crossed or reached: v

December 21, 2016

6. Date on which issuer notified:

December 21, 2016

7. Threshold(s) that is/are crossed or

reached: vi, vii

1.4% Drop in Non-Voting Ownership Percentage

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

38,366,160

38,366,160

33,000,000

33,000,000

8.665%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/ConversionPeriod xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate xvii

Exercise/Conversionperiod xviii

Number of votingrights instrumentrefers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 33,000,000

 8.665%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

 Graham Peck or acting Chairman of Strat Aero Board of Directors

11. Number of voting rights proxy holder will cease to hold:

 5,366,160

12. Date on which proxy holder will cease to hold voting rights:

 12/21/2016

13. Additional information:

 ***

These Transactions Reflect Shares Sold in The Ordinary Course and in Furtherance of the Holder's Investment Parameters and Asset Allocation. At This Time, Based Upon Current Market Conditions, The Holder Does Not Intend to Undertake Additional Share Dispositions.

***

14. Contact name:

 W. Hulsey Smith

15. Contact telephone number:

 [email protected]