Allotment of shares

31 May 2022

Gama Aviation Plc (AIM: GMAA)

Allotment of shares  

Gama Aviation Plc ("Gama Aviation" or the "Company") announces that it has allotted a total of 275,000 new ordinary shares of 1p each ("Ordinary Shares") to two former employees pursuant to the contractual commitments the Company has with those employees. Application has been made to the London Stock Exchange for the admission of the 275,000 new Ordinary Shares to trading on AIM ("Admission") which is expected to take place at or around 8.00am on 6 June 2022.

All new Ordinary Shares referred to in this announcement will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission of the Ordinary Shares referred to in this announcement, the Company's issued share capital will consist of 63,961,279 Ordinary Shares in aggregate, with no shares held in Treasury. Accordingly, the figure of 63,961,279 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For more information contact:

Gama Aviation Plc +44 (0) 1252 553029

Mine Taylor, Company Secretary

Camarco (PR) +44 (0) 20 3757 4992

Ginny Pulbrook

Geoffrey Pelham-Lane

WH Ireland (Nominated Adviser) +44 (0) 207 220 1666

James Joyce

Ben Good

Gama Aviation - Notes to Editors

Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services).

More details can be found at: http://www.gamaaviation.com/