Funding update

15 August 2012

Avia Health Informatics PLC

("Avia" or the "Company")

Funding update

Further to the announcement made on 6 August 2012 regarding funding, the Company is pleased to announce that it has entered into a non-binding term sheet arrangement with TCA Global Credit Master Fund, LP ("TCA") regarding a proposed $2 million credit facility. Under the terms of the proposed financing, an initial tranche of $425,000 is available to be drawn down by the Company upon completion following entry into final banking documentation (which will include details of the various fees and interest payable by Avia). Amounts over and above the initial tranche are able to be drawn down in future months subject to the level of accounts receivable, up to a maximum of $2 million.

Were the facility with TCA to be entered into, the Directors of Avia believe that it will provide sufficient capital for the Company's projected working capital requirements. The Directors expect to be in a position to access the initial tranche of debt capital available under this proposed facility by the end of this month.

Shareholders will be updated of any material developments in this regard as soon as appropriate.

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