AVIA SOLUTIONS GROUP AB - Avia Solutions Group AB has completed a buy-back of 49 percent shareholding in Baltic Aviation Academy UAB

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 16 / 2014

Date of issue: 2014-09-04

Short name of the issuer

AVIA SOLUTIONS GROUP AB

Subject

Avia Solutions Group AB has completed a buy-back of 49 percent shareholding in Baltic Aviation Academy UAB

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

Avia Solutions Group AB, company code 302541648, registered address at Smolensko str. 10, Vilnius, Lithuania (hereinafter referred to as the Company or Avia Solutions Group), completed a buy-back of 49% of the share capital in its subsidiary, Baltic Aviation Academy UAB, company code 300618099, registered address at Dariaus ir Girėno str. 21, Vilnius, Lithuania (hereinafter referred as the Subsidiary or Baltic Aviation Academy) from an unrelated third party (hereinafter referred as the Seller). In June 2014 the Seller purchased 49 percent stake in the Subsidiary, however was not unable to fulfill certain condition subsequent relating to business development. As a result the Company exercised call option and bought back entire shareholding in Baltic Aviation Academy at consideration received during the sale of this entity that amounted to EUR 1,28 million. Following the acquisition Avia Solutions Group is the sole shareholder of Baltic Aviation Academy.

Annexes

File Description

AVIA SOLUTIONS GROUP AB

(fullname of the issuer)

AVIA SOLUTIONS GROUP AB Usługi inne (uin)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

LT-30201 Wilno

(post code) (city)

Smolensko 10

(street) (number)

[phone] [phone]

(phone number) (fax)

[email protected] www.aviasg.com

(e-mail) (web site)

LT100005619918 302541648

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2014-09-04 Irina Travkina Deputy CFO