Results of General Meeting

17 December 2012

Hangar 8 plc

("Hangar8" or "the Company" or "the Group")

Results of General Meeting

Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, is pleased to announce that at its General Meeting held at 11:00 a.m. today, all of the resolutions proposed were duly passed. The General Meeting had been convened to approve certain resolutions to provide the authorities for the Company to issue the second tranche of some 1,836,700 new ordinary shares of 1p each ("Conditional Placing Shares") as part of the £4.2 million placing announced on 29 November 2012.

Application has been made for the admission to trading on AIM of the 1,836,700 Conditional Placing Shares, which is expected to take place on 18 December 2012.

For the purposes of the Disclosure and Transparency Rules, following admission of the 1,836,700 Conditional Placing Shares, the Company's total issued share capital consists of 9,424,264 ordinary shares of 1p each.

Enquiries

Hangar 8 plc +44 (0) 1865 372215

Dustin Dryden, Chief Executive

Philip Brady, Chief Financial Officer

Blythe Weigh Communications + 44 (0) 20 7138 3204

Paul Weigh +44 (0) 7989 129658

Natalie Raper +44 (0) 7710 333470

Robert Kellner +44 (0) 7800 554377

Seymour Pierce +44 (0) 20 7107 8000

Mark Percy/Julian Erleigh (Corporate Finance)

David Banks/Katie Ratner (Corporate Broking)