Press Release

Issued by Gama Aviation.

May 24, 2019

Gama Aviation Plc today announced that Michael Peagram, a non-executive director, has decided to retire from the board as of the 30 April 2019 and that Christopher Clarke and Michael Howell are appointed as new independent non-executive directors of the board with immediate effect.

Christopher Clarke has over 30 years' experience as a senior partner with leading international law firms in Asia, including Denton Hall, CMS Cameron McKenna and DLA Piper. He has acted as a professional and business advisor to a wide range of entrepreneurs and executives of international (including listed) companies; and has wide ranging corporate governance, regulatory and commercial experience.

Christopher has been a non-executive director of Hong Kong, UK listed and private companies. Currently, he is a sufficiently independent director of London Power Networks Plc, Eastern Power Networks Plc and South Eastern Power Networks Plc; and an independent director of Myanmar Strategic Holdings and Arnhold Holdings Ltd. He is also currently a non-executive director of Green Family Holdings. He is a council member of the Royal Society for Asian Affairs.

An engineer by training, Michael Howell has a background in transportation and worked in the motor industry after graduating from Trinity College, Cambridge and before completing MBAs at INSEAD and Harvard. He worked with Cummins Engine Company and General Electric Company (GE) in the USA, latterly as general manager of GE Transportation Systems. Subsequently, he was executive director of Railtrack Group plc during its privatisation.

Formerly he was a non-executive director of Hutchison China Meditech, the innovative biopharmaceutical company. Currently, Michael serves on the board of Wabtec, the US$7 bn leading supplier of products and systems for the rail industry, based in Pittsburgh Pennsylvania; and on the council of the University of Leeds.

Simon To, chairman of Gama, said: "On behalf of the board, I would like to thank Michael Peagram for all his hard work and professionalism over the last six years. He has been a valued member of the Gama board and we all wish him well for the future.

"At the same time, we are delighted to welcome Christopher Clarke and Michael Howell to the board as new independent non-executive directors. I know their broad range of skills and experience will be a real asset to the Gama board and will help to improve Gama's corporate governance. They will provide wise counsel and act as valuable sounding boards and I look forward to working with them over the coming years."

Further information on the new independent non-executive directors as required to be disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:

The company confirms that at the date of this announcement, new independent non-executive director Michael Howell holds 68,752 shares in Gama Aviation Plc, while Christopher Clarke does not hold any shares.