Schedule 1 - Hangar 8 Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Hangar 8 PLC ("Hangar8" or the "Company") to be renamed Gama Aviation Plc (the "Enlarged Group")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

The Farmhouse, Langford Lane, Oxford Airport, Kidlington, Oxford OX5 1RA to be relocated to Business Aviation Centre, Farnborough Airport, Hampshire GU14 1RA

COUNTRY OF INCORPORATION:

UK

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.hangar8.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Hangar8 is one of the largest private aircraft operators in the UK and amongst the top five in Europe. It currently manages 48 aircraft, 27 of which are long range heavy and superheavy jets. The Company has established a number of business divisions focused on aircraft management, charter services, engineering and maintenance, and aero-medical. Hangar8's main country of operation is the UK, but has operations primarily in Europe and Africa.

Hangar8 is seeking shareholder approval for the acquisition of Gama Aviation Holdings (Jersey) Limited ("Gama Aviation") by way of a reverse take-over under AIM Rule 14. Gama Aviation operates a similar business model to Hangar8 albeit in predominantly different territories being Europe, the US, Far East and the Middle East. Combined, the Enlarged Group will have global coverage, 144 aircraft under management and 8 Air Operator's Certificates. It will offer a comprehensive service offering, operating and supporting aircraft from all major manufacturers and all classes of aircraft ranging from light aircraft to global aircraft.

The Enlarged Group's main country of operation will be the UK.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

42,994,442 Ordinary Shares of 1p each ("Ordinary Shares") comprising of:

9,527,103 Ordinary Shares - existing issued share capital

27,341,960 New Ordinary Shares - issued pursuant to the acquisition of Gama Aviation

6,125,375 New Ordinary Shares-issued pursuant to the placing

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised £17,151,061

Anticipated market capitalisation on Admission: £120.4 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

65.3%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Current Hangar8 Directors:

Nigel Terrence Payne (Non-executive Chairman)

Dustin Sean Dryden (Chief Executive Officer)

Kevin Andrew Callan (Finance Director)

Gregory Richard Frank Martin (Chief Operating Officer)

George Henry Rolls (Non-executive Director)

David Christopher Wrey Saville (Non-executive Director)

Michael John Peagram (Non-executive Director)

Proposed Directors:

Sir Ralph Robins (Non-executive Chairman)

Marwan Abdel-Khalek (Chief Executive Officer

Stephen Peter Wright (Proposed Executive Director)

Peter Richard Brown (Proposed Non-executive Director)

Proposed Enlarged Group Directors on Admission:

Sir Ralph Robins (Non-executive Chairman)

Marwan Abdel-Khalek (Chief Executive Officer

Dustin Sean Dryden (Executive Director)

Stephen Peter Wright (Executive Director)

Kevin Andrew Callan (Finance Director)

Nigel Terrence Payne (Non-executive Director)

George Henry Rolls (Non-executive Director)

Michael John Peagram (Non-executive Director)

Peter Richard Brown (Non-executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

n/a

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) Hangar8 currently has a 30 June accounting reference date which will change, following Admission, to 31 December

(ii) Hangar8: 30 June 2014

Gama Aviation: 30 June 2014 unaudited interim financial information

(iii) 31 March 2015 (Hangar8 unaudited interims only)

30 June 2015 (Gama Aviation audited results to 31 December 2014)

30 September 2015 (Enlarged Group interims)

30 June 2016 (Enlarged Group audited annual accounts)

EXPECTED ADMISSION DATE:

6 January 2015

NAME AND ADDRESS OF NOMINATED ADVISER:

Cantor Fitzgerald Europe

One Churchill Place

London E14 5RB

NAME AND ADDRESS OF BROKER:

Cantor Fitzgerald Europe

One Churchill Place

London E14 5RB

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, which will contain full details about the applicant and the admission of its securities, will be available from Hangar 8 Plc, The Farmhouse, Langford Lane, Oxford Airport, Kidlington, Oxford OX5 1RA and Cantor Fitzgerald Europe, One Churchill Place, London E14 5RB

DATE OF NOTIFICATION:

18 December 2014

NEW/ UPDATE:

NEW