AVTECH completes preferential share issue and secures short-term financing

AVTECH Sweden AB (publ) (”AVTECH” or the ”Company”) has between October 29 and
November 14, 2012 implemented a share issue of preference shares with the
preferential right to current share owners. The issue was subscribed to 38
percent, of which 11 percent was subscribed with preferential rights and 27
percent without preferential rights. Hence, the issue raised approximately 3,3
MSEK exclusive of transaction costs.

As a result of the preferential shares issue the number of preference shares in
AVTECH will amount to 8 159. Share capital will increase by 815,90 SEK and
thereafter the total share capital in AVTECH will amount to 1 277 779,52 SEK.
The option to issue additional preference shares will not be exercised.

In connection to the implementation of the preferential share issue, the company
has secured additional short-term debt financing amounting to 1,7 MSEK from the
owners, with the objective to strengthen AVTECHs cash situation, attributable to
the outcome of the rights issue. In purpose to secure solid long-term funding
and an improved market position, the Board is also exploring long term financing
solutions.

For more information, please contact:
David Alvord, CEO/Jonas Saric, CFO
Tel: +46 (0) 8 544 104 80
E-mail: david.alvord@avtech.aero/
jonas.saric@avtech.aero

About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM).
Its customers include the global aviation industry; e.g. airlines, airports,
aviation authorities, technology companies and airline manufacturers. By using
AVTECH’s products and services, each individual flight as well as the entire
airline operation can be optimized in terms of cost, noise and emission,
efficiency, punctuality and safety. The head office is in Stockholm, Sweden with
subsidiaries in Toulouse, France and Dubai, U.A.E. AVTECH Sweden AB is listed on
NASDAQ OMX First North and has appointed Thenberg & Kinde Fondkommission AB as
Certified Adviser.