AVIA SOLUTIONS GROUP AB - Avia Solutions Group AB sold Estonian charter operations

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 2 011 / 37

Date of issue: 2011-12-07

Short name of the issuer

AVIA SOLUTIONS GROUP AB

Subject

Avia Solutions Group AB sold Estonian charter operations

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

In December 2011, Avia Solutions Group AB transferred to Brova Air OU its entire share holding in Small Planet Airlines AS (Estonia) amounting to 95.5%. The company was sold after a decision was taken not to maintain a separate Air Operator’s Certificate in a relatively small and fragmented Estonian charter market. Following the transaction the name of the company will be changed to North Wind Airlines AS. Avia Solutions Group AB will continue development of charter business under the brand of Small Planet Airlines through remaining legal entities bearing Air Operator’s Certificates in Lithuania, Poland and Italy.

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

2011-12-07 Aurimas Sanikovas CFO