Gama Aviation Plc (AIM: GMAA)

Allotment of shares

Gama Aviation Plc ("Gama Aviation" or the "Company") announces that it has allotted a total of 60,000 new ordinary shares of 1p each ("Ordinary Shares"), allotting 30,000 new shares to each of two former directors pursuant to the Company's share option scheme.  Application has been made to the London Stock Exchange for the admission ("Admission") of the 60,000 new Ordinary Shares to trading on AIM, which is expected to take place at 8.00am on 23 February 2024.

All new Ordinary Shares referred to in this announcement will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission of the Ordinary Shares referred to in this announcement, the Company's issued share capital will consist of 64,021,279 Ordinary Shares in aggregate, with no shares held in Treasury. Accordingly, the figure of 64,021,279 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 For more information contact:

Gama Aviation Plc                                                   +44 (0) 1252 553029

Mine Taylor, Company Secretary

Gama Aviation - Notes to Editors

Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (including Flight Operations, FBO, CAM software and a range of aviation software solutions, Flight Planning, CAM & ARC services).

More details can be found at: www.gamaaviation.com