Press Release

Issued by Gama Aviation.

September 30, 2015

Gama Aviation, one of the world’s largest business aviation service providers, is pleased to announce its first interim results for the six months to 30 June 2015, following the completion of the reverse takeover of Hangar8 plc on 5 January 2015.

Key points include: · Total consolidated revenue for the period was $191m (2014: $130m) an increase of 47% and an increase of 22% on a pro-forma basis (if you include both the Gama Aviation and Hangar8 figures added together), yielding a gross profit of $30.3m (2014: $15.1m), an increase of 100%, and an increase of 24% (2014: $24.3m) on a pro-forma basis. · Underlying EBITDA generated was up 269% to $8.2m (2014: $2.2m) and up 74% (2014: $4.7m) on a pro-forma basis. · Integration completed on schedule · Synergies flowing through into second half of 2015 in line with management expectations · Executed on Asia joint venture and growth in line with management expectations · Strong organic revenue and margin growth in the US, particularly in ground operations · Strong, scalable, client experience centric and safety first operational delivery platform in place · Focus on continued growth complemented by strategic acquisition opportunities.

Marwan Khalek, chief executive officer commented: “I am delighted with the performance of the business during the six month period to 30 June 2015, a period in which we have achieved and in some cases exceeded, the targets we set at the time of the reverse takeover of Hangar8 plc. "The Group’s ability to deliver a strong first half performance, whilst also executing the required integration and re- organisation of the business following the merger, highlights the capabilities of the senior management team. "During the six month period we have acquired and completed the integration of Hangar 8, with anticipated synergies flowing through into the second half of the financial year as planned; increased the scale of our business delivering strong organic growth in line with our expectations; increased the breadth of our business with a new strategic joint venture in Asia with Hutchinson Whampoa; developed plans to further increase the depth and scale of our business through further acquisitions whilst at the same time the core business lines across our global business have delivered the strong growth in profitability that we targeted ourselves to achieve. "With the integration now successfully concluded, the management is now fully focussed on our strategy of organic growth and strategic acquisitions. We continue to trade with a high percentage of contracted revenue and our outlook remains very positive. As we expand the geographical breadth, depth and scale of our business, we will stay true to our vision of maintaining a sustainable business for our shareholders.” Sir Ralph Robins, chairman, commented: “We are very pleased that the first half results have been delivered in line with management’s expectations and having handled the challenges that integrations often present, we now enter the second half of the year with full confidence in our ability to grow the business both organically and acquisitively. "We continue to look at the quality of our service offering whilst maintaining a strong safety culture within the business to ensure that our reputation and ability to leverage off our established expertise continue to deliver the financial results into the future.”