PRESENTATION FOR SHAREHOLDERS Q2 2016

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1 PRESENTATION FOR SHAREHOLDERS Q2 26 AUGUST 26

2 AVIAAM LEASING AT A GLANCE MORE THAN JUST A LEASING COMPANY EXPERIENCE AND EXPERTISE FINANCIAL PERFORMANCE OVERVIEW REVENUE OVERVIEW EBITDA DEBT FLEET OVERVIEW AIRCRAFT FLEET TRANSACTION AND VALUE PERSPECTIVE P&L SUMMARY BALANCE SHEET SUMMARY CASH FLOW SUMMARY WHY AIRLINES CHOOSE LEASING COMPANIES TO FINANCE AIRCRAFT?

AVIAAM LEASING AT A GLANCE A Warsaw Stock Exchange listed global aviation holding company engaged in commercial aircraft acquisition, leasing and sales Specializes in mainline narrow-body aircraft as

3 AVIAAM LEASING AT A GLANCE A Warsaw Stock Exchange listed global aviation holding company engaged in commercial aircraft acquisition, leasing and sales Specializes in mainline narrow-body aircraft as well as high-potential regional jets Actively operating in global aviation market Global presence, choice of aircraft register Member of ISTAT Strong balance sheet High yield on aircraft portfolio Good prospects for growth and strengthening position in the market

MORE THAN JUST A LEASING COMPANY AviaAM Leasing is an integrated aviation company delivering a full range of aircraft leasing, trading and management services.

4 MORE THAN JUST A LEASING COMPANY AviaAM Leasing is an integrated aviation company delivering a full range of aircraft leasing, trading and management services. We provide a complete set of customized services and products to address most distinctive and unique needs of our clients AIRCRAFT LEASING AIRCRAFT TRADING CONSULTING SERVICES ASSET MANAGEMENT ENGINE LEASING Net operating (dry) or financial leases Short-term: up to 3 yrs Long-term: 3 yrs and above Aircraft purchases, customization and sales Aircraft remarketing for lease or sale Identification of acquisition and lease prospects Market analysis Fleet structuring Aircraft registration services Aircraft repossessions Maintenance analysis Technical management Contract management Financial engineering Asset value protection Operating Engine leasing Engine sale & lease back Guaranteed spare engine availability Engine exchanges

EXPERIENCE AND EXPERTISE AviaAM Leasing team is composed of highly qualified and experienced aviation and business experts dedicated to highest quality of service

executive with sales background JUSTINAS GILYS COO, AviaAM Leasing Board Member, AviaAM Leasing 2 years of experience in finance PAULIUS DOCKA Chief Legal

years of experience with technical background Tadas Goberis has obtained an exceptional level of experience in the sales and organization management in the IT

contract management and deal structuring Awarded by a UK based Chambers and Partners as a recommended lawyer Romualdas Legetavicius completed a wide range of

5 EXPERIENCE AND EXPERTISE AviaAM Leasing team is composed of highly qualified and experienced aviation and business experts dedicated to highest quality of service and complete fulfillment of our clients and partners needs TADAS GOBERIS CEO, AviaAM Leasing Chairman of the Board, AviaAM Leasing 5 years of experience as an executive with sales background JUSTINAS GILYS COO, AviaAM Leasing Board Member, AviaAM Leasing 2 years of experience in finance PAULIUS DOCKA Chief Legal Officer, Avia Solutions Group Board Member, AviaAM Leasing 5 years of experience of legal practice ROMUALDAS LEGETAVICUS Technical Director at AviaAM Leasing 6 years of experience with technical background Tadas Goberis has obtained an exceptional level of experience in the sales and organization management in the IT industry achieving many rewards and recognitions for delivering outstanding results Expert in deal structuring and management of lease agreements Expert in contract management and deal structuring Awarded by a UK based Chambers and Partners as a recommended lawyer Romualdas Legetavicius completed a wide range of aviation training courses including but not limited to PART-45 training, Safety Oversight (at ICAO), PART-M, SAFA Ramp Check, JAR 2 Repairs and Modifications, Maintenance and Airworthiness etc

FINANCIAL PERFORMANCE OVERVIEW REVENUES (USDm) NET ASSETS AND SHARE CAPITAL RATIO (USDm) 25 2 5 3.

6 6 4 2 3 2 Q2 25 Q2 26 I-VI 25 I-VI 26 3 December 25 3 June 26 Net assets Net assets / Share

6 FINANCIAL PERFORMANCE OVERVIEW REVENUES (USDm) NET ASSETS AND SHARE CAPITAL RATIO (USDm) Q2 25 Q2 26 I-VI 25 I-VI 26 3 December 25 3 June 26 Net assets Net assets / Share Capital ratio NET PROFIT (USDm) CASH AND CASH EQUIVALENTS (USDm) Q2 25 Q2 26 I-VI 25 I-VI 26 3 December 25 3 June 26

7 REVENUE OVERVIEW REVENUE Q2 25 vs. Q2 26 (USDm) ,3-83% 6.3 -% % % 4.6 Q2 25 Q2 26 REVENUE I-VI 25 vs. I-VI 26 (USDm) % % % 6.9 7% 8.2 I-VI 25 I-VI 26 Sales of aircraft Commission income Supplemental maintenance rent Lease revenue Sales of aircraft Commission income Supplemental maintenance rent Lease revenue

8 REVENUE OVERVIEW REVENUE I-VI 25 vs. I-VI 26 (USDm) (.3) Revenue I-VI 25 Lease revenue Supplemental maintenance rent 6.5 Sales of aircraft (9.3) Commission income Revenue I-VI REVENUES, OPERATING PROFIT AND NET PROFIT COMPARISON WITH PRIOR YEARS (USDm) 49% 74 3% 24% I-VI 24 I-VI 25 I-VI 26 Revenues (USDm) Operating profit (USDm) Net profit (USDm) Profit margin (%) 6% 5% 4% 3% 2% % %

9 EBITDA EBITDA Q 26 vs. Q2 26 (USDm) EBITDA Q Revenue from aircraft leases 4.3 Gain on sales of aircraft*.7.33 Net commission income** (.56) (.) (.6) Other income*** Aircraft maintenance expenses Employee-related expenses Other expenses****.22 EBITDA Q2 26 EBITDA I-VI 25 vs. I-VI 26 (USDm) (9.3) (.9) (.5) (5.73) 5.6 EBITDA I-VI 25 Revenue from aircraft leases Gain on sales of aircraft* Net commission income** Other income*** Aircraft maintenance expenses Employee-related expenses Other expenses**** EBITDA I-VI 26 *Calculated as revenue from aircraft sales plus gain on sale of PPE less costs of aircraft sold **Calculated as commission income less costs of services rendered ***Calculated as sum of interest income on loans and other gain (losses) net ****Calculated as sum of other operating expenses and impairment of receivables and prepayments and revaluation of aircraft and investment property

DEBT DEBT MATURING IN LESS THAN YEAR (USDm) 3 June 26 3 March 26 3 December 25 4. 7.6 5.

9.7.4 Cash 23. 5.7 27. Net debt 4.8 (4.) (5.7) Ratios Debt/assets.3.6.8 Net debt/equity.

10 DEBT DEBT MATURING IN LESS THAN YEAR (USDm) 3 June 26 3 March 26 3 December % of total debt 22% 7% 52% DEBT MATURING BETWEEN AND 5 YEAR (USDm) % of total debt 78% 29% 48% Total debt Cash Net debt 4.8 (4.) (5.7) Ratios Debt/assets Net debt/equity.38 (.37) (.4) Weighted average interest rate 5.24% 7.8% 6.5%

FLEET OVERVIEW 4 x Airbus A32 x Airbus A32 x Airbus A39 x Boeing 737-3 2 x Boeing 737-5 8 x CRJ2LR 2 x CRJ2LR Business Jets Inc.

A39 Poland Poland Airbus A32 4 Kazakhstan Lithuania B737-5 Belarus Belarus B737-3 Latvia Latvia Airbus A32 N/A N/A B737-5 * Lithuania Lithuania CRJ2 Business Jets 2** Total 9 COMMENTS 8 aircraft are

11 FLEET OVERVIEW 4 x Airbus A32 x Airbus A32 x Airbus A39 x Boeing x Boeing x CRJ2LR 2 x CRJ2LR Business Jets Inc. business jet owned by a joint venture FLEET DISTRIBUTION Domicile country of the lessee Russia Country of aircraft registration Aircraft type Number of aircraft on lease Bermuda CRJ2 8 Bermuda Airbus A39 Poland Poland Airbus A32 4 Kazakhstan Lithuania B737-5 Belarus Belarus B737-3 Latvia Latvia Airbus A32 N/A N/A B737-5 * Lithuania Lithuania CRJ2 Business Jets 2** Total 9 COMMENTS 8 aircraft are leased out under long term operating lease agreements All leases are secured by security deposits paid by lessees at the inception of leases The vast majority of the leased aircraft are registered in renowned aircraft registration jurisdictions Bermuda, Poland and Lithuania Successful risk and relationship management no overdue receivables from any of the lease customers Strict operating monitoring procedures of the financial position of the lessees and aircraft maintenance status * Negotiations are in place with potential customers regarding lease or sale of Aircraft ** The business jets are operated by KlasJet (subsidiary of Avia Solutions Group)

12 AIRCRAFT FLEET AIRCRAFT TRANSACTIONS SUMMARY 3 December 24 3 June 26 3 December 24 3 September 25 3 December 25 3 March 26 3 June 26 Bombardier CRJ Boeing Boeing Airbus A Airbus A32 + Airbus A Ʃ 3* Ʃ 3* Ʃ 5* Ʃ 7* Ʃ 8* NET BOOK VALUE OF AIRCRAFT AND AIRCRAFT UNDER PREPARATION FOR USE (USDm) (3.4) (.8) (3.8) Opening January 26 Additions Disposals Reclassifications Depreciation charge Closing 3 June 26 * Excluding one Bombardier CRJ2, owned by a joint venture

13 P&L SUMMARY P&L (USD ') Q2 26 Q2 25 I-VI 26 I-VI 25 Revenue 6,65 3,752 9,624 2,559 Interest income on loans , Depreciation and amortisation (,825) (,62) (3,824) (2,3) Costs of aircraft sold (37) (2,89) (7,697) (2,89) Costs of services rendered - (3,828) (36) (5,725) Aircraft maintenance and servicing expenses (,5) (87) (2,56) (,657) Employee-related expenses (28) (26) (423) (37) Other operating expenses (593) (333) (,92) (679) Gain on sale of property, plant and equipment - net 5,429-5,835 - Other gain (losses) - net Operating profit 8,39 5,249,339 9,364 EBITDA,25 6,3 5,63,377 Profit (loss) before income tax 7,577 5,268,8 7,68 Profit (loss) for the period 6,755 4,434 9,547 6,599

14 BALANCE SHEET SUMMARY Balance sheet (USD ') 3 June 26 3 March 26 3 December 25 Total assets, of which: 23,444 9,732 34,629 Non-current assets 32,33 95,438 76,372 Current assets 7,3 95,294 58,257 Equity 6,88,976 8,84 Non-current liabilities, of which: 56,93 9,782 2,87 Borrowings 49,83 3, 5,48 Security deposits received 5,25 4,552 4,65 Deferred income tax liabilities 2,76 2,2 2,57 Current liabilities, of which: 39,695 69,974 4,258 Borrowings 4,2 7,593 5,927 Trade and other payables 9,525 22,552 3,658 Security deposits received 4, 2,7 52 Advances received 7,75 33,58 59 Current income tax liabilities 4,38 4,4 3,994 Total equity and liabilities: 23,444 9,732 34, (26) (26) (23) (22) (26) Dec 24 3 Mar 25 3 Jun 25 3 Sep 25 3 Dec 25 3 Mar 26 3 Jun 26 Assets Liabilities Net assets (8) (97)

15 CASH FLOW SUMMARY Cash flow (USD ') Q2 26 Q2 25 I-VI 26 I-VI 25 Net cash generated from (used in) operating activities (8,679) 6,649 3,329 8,859 Net cash generated from (used in) investing activities (6,48) (86) (85,23) (,53) Net cash generated from (used in) financing activities 5,535 (2,267) 49,89 (2,94) Cash at the beginning of the period 5,732 37,468 27,93 36,574 Increase (decrease) in cash and cash equivalents (28,624) 3,52 (3,985) 4,45 Cash at the end of the period 23,8 4,989 23,8 4,989 CASH BALANCE Q 26 vs. Q2 26 (USDm) Cash at the end of Q 26 (8.7) Net cash used in operating activities 5.5 Net cash generated from financing activities (6.5) Net cash used in investing activities 23. Cash at the end of Q2 26

16 WHY AIRLINES CHOOSE LEASING COMPANIES TO FINANCE AIRCRAFT? OVER HALF OF WORLD AIRLINE FLEET NOW LEASED Operating leases: 97 to 24,5% 7 leased,7% leased Greater financial flexibility Greater fleet flexibility Access to attractive delivery slots Availability of capital Avoid pre-delivery payments Zero residual value risk Growth in Low Cost Carriers (LCC's) Aircraft Aircraft 4,7% 343 leased 24,7% 375 leased 4,7% 844 leased Over 5% leased Aircraft Aircraft Aircraft 22 forecast

17 CONTACT US AviaAM Leasing AB Smolensko st., LT-32 Vilnius Lithuania E. T

PRESENTATION FOR SHAREHOLDERS Q4 2015

PRESENTATION FOR SHAREHOLDERS Q4 215 APRIL 216 1 2 3 4 5 6 7 8 9 1 11 12 13 14 AVIAAM LEASING AT A GLANCE MORE THAN JUST A LEASING COMPANY EXPERIENCE AND EXPERTISE FINANCIAL PERFORMANCE OVERVIEW REVENUE