Establishment Of New Us$1b Gmtn Programme

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that its wholly-owned subsidiary, Avation Group (S) Pte. Ltd. (the "Issuer"), has on 21 October 2025 established a new US$1,000,000,000 global medium-term note programme (the "Programme"). The Programme is guaranteed by the Company.

HSBC has been appointed as lead arranger of the Programme, and HSBC and Wells Fargo Securities have been appointed as initial dealers (together, the "Dealers").

Under the Programme, the Issuer may from time-to-time issue notes (the "Notes") denominated in any currency agreed between the Issuer and Dealers. Each series of Notes may be issued in various amounts and tenors, and may bear fixed, floating, variable, or hybrid rates of interest, or may not bear interest.

Avation Group (S) Pte. Ltd. was incorporated in Singapore as a private limited company on 28 November 2013. Avation Group (S) Pte. Ltd. is the principal group holding company in Singapore and is the group's applicant member of the Singapore Aircraft Leasing Scheme.

Application has been made to the Singapore Exchange Securities Trading Limited (the "SGX-ST") for permission to deal in and for the listing and quotation of any Notes, which are agreed at the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such Notes have been admitted to the Official List of the SGX-ST. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed, or reports contained herein. Admission to the Official List of the SGX-ST and listing and quotation of any Notes on the SGX-ST is not to be taken as an indication of the merits of the Issuer, its subsidiaries, its associated companies, the Programme, or such Notes.

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FCA / ICMA stabilization applies.

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