TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying issuer AVATION PLC
of existing shares to which voting rights are
attached:(ii)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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): Placing TD 11/06/12 SD 29/06/12 YES
3. Full name of person(s) subject to the Artemis Investment Management LLP on behalf of
notification obligation:(iii) discretionary funds under management
4. Full name of shareholder(s)
(if different from 3.):(iv)
5. Date of the transaction and date on 11 June 2012 (Trade Date)
which the threshold is crossed or 29 June 2012 (Settlement Date)
reached:(v)
6. Date on which issuer notified: 29 June 2012
7. Threshold(s) that is/are crossed or
reached: (vi), (vii)
5%
8. Notified details:
A: Voting rights attached to shares (viii), (ix)
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using
the ISIN CODE
Number Number Number Number of voting % of voting rights(x)
of of of shares rights
Shares Voting
Rights
Direct Direct(xi) Indirect(xii) Direct Indirect
GB00B196F554 1,750,000 1,750,000, 2,250,000 2,250,000 5.07%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(xiii) Conversion Period(xiv) rights that may be rights
acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv), (xvi)
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights (xix),
instrument price date(xvii) Conversion instrument refers to
period (xviii)
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
2,250,000 5.07%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: (xxi)
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Richard Smithson
15. Contact telephone number: 0207 399 6063