AVIA SOLUTIONS GROUP AB - Avia Solutions Group AB has completed the sale of a 10 per cent shareholding of Small Planet Airlines s.r.l. (Italy) to S.G.S.T. s.r.l. (Italy).

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 2 011 / 36

Date of issue: 2011-10-27

Short name of the issuer

AVIA SOLUTIONS GROUP AB

Subject

Avia Solutions Group AB has completed the sale of a 10 per cent shareholding of Small Planet Airlines s.r.l. (Italy) to S.G.S.T. s.r.l. (Italy).

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

On the 26th of October 2011 Avia Solutions Group AB has completed the sale of 1,220 Small Planet Airlines s.r.l. (Italy) shares to S.G.S.T. s.r.l. (Italy), representing 10 per cent of the share capital in the company. Currently S.G.S.T. s.r.l. is the main client of Small Planet Airlines s.r.l. Sales proceeds from the disposal of a 10 per cent shareholding in Small Planet Airlines s.r.l. amounted to EUR 152.7 thousand. Following the sale, Avia Solutions Group AB remains the major shareholder of Small Planet Airlines s.r.l. with a 85.5 per cent shareholding.

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] http://www.aviasg.com

(e-mail) (web site)

LT100005619918 Not applicable

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2011-10-27 Aurimas Sanikovas CFO