BOC Aviation Limited — Earnings Release 2019

Apr 9, 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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BOC AVIATION LIMITED 中銀航空租賃有限公司*

(Incorporated in the Republic of Singapore with limited liability)

Stock code: 2588

OPERATIONAL DATA FOR THE FIRST QUARTER ENDED 31 MARCH 2019

BOC Aviation Limited (the “ Company ”) announces its operational transactions for the quarter ended 31 March 2019 and as at 31 March 2019:

Transactions Summary

• A total fleet of 507 aircraft owned, managed and on order[1]

• An average aircraft age of 3.1 years and an average remaining lease term of 8.2 years for the 310 owned aircraft fleet, weighted by net book value

• Order book of 172 aircraft[1]

• Took delivery of 11 aircraft (including three acquired by airline customers on delivery)

• Signed seven lease commitments

• Customer base of 94 airlines in 39 countries and regions in the owned and managed portfolios

• Sold one owned aircraft

• Managed fleet comprised 25 aircraft

• Aircraft utilisation at 99.9%

• For identification purpose only

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Portfolio

Aircraft TypeOwnedAircraftManagedAircraftAircraft onOrder1Airbus A320CEO family12980Airbus A320NEO family29056Airbus A330CEO family1240Airbus A330NEO family0012Airbus A350 family602Boeing 737NG family9882Boeing 737 MAX family6087Boeing 777-300ER1933Boeing 777-300010Boeing 787 family6010Freighters510Total31025172	Total137851612810893251166
	507

Note:

1. Includes all commitments to purchase aircraft including those where an airline customer has the right to acquire the relevant aircraft on delivery

The total number of aircraft delivered or scheduled to be delivered in 2019 is 79. Certain airline customers have notified us of their intention to acquire on delivery a total of 18 of our aircraft delivered or scheduled for delivery in 2019.

Aircraft net book value by region[2] as at 31 March 2019

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----- Start of picture text ----- Americas9.0%Middle East andAfrica Chinese Mainland, Hong12.4% Kong SAR, Macau SARand Taiwan31.3%Europe Asia Pacific (excluding Chinese24.9% Mainland, Hong Kong SAR,Macau SAR and Taiwan)22.4%----- End of picture text -----

2. Based on the jurisdiction of the primary obligor under the relevant operating leases

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Shareholders and potential investors are reminded that the above operational data are based on the Company’s records and have not been audited or reviewed by the Company’s auditors.

By Order of the Board BOC Aviation Limited Zhang Yanqiu Juliana Company Secretary

Hong Kong, 9 April 2019

As at the date of this announcement, the Board comprises Mr. Sun Yu as Chairman and Non-executive Director, Mr. Robert James Martin and Mr. Wang Jian as Executive Directors, Mr. Li Mang, Mr. Liu Chenggang, Mr. Wang Zhiheng and Ms. Zhu Lin as Non-executive Directors and Mr. Dai Deming, Mr. Fu Shula, Mr. Antony Nigel Tyler and Dr. Yeung Yin Bernard as Independent Non-executive Directors.

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