24 May 2011

Press Release

Antonov plc

(the “Company”)

Issue of equity and unlisted warrants

The Company announces that following a drawdown of €250,000, under the terms of the

18 February 2009 Equity Facility agreement, it has issued 2,333,333 Ordinary Shares of

1 pence each.

The Company has also issued 1,153,846 Ordinary Shares of 1 pence each to settle a creditor liability.

The enlarged issued share capital of the Company now consists of 76,861,603 Ordinary

Shares of 1 pence each. Enquiries.