Bohai Leasing enters into Exclusivity Agreement with Avolon to acquire 100% interest in Avolon for US$32 per share

DUBLIN--(BUSINESS WIRE)--Avolon (NYSE: AVOL), the international aircraft leasing company, announces that today it has entered into an Exclusivity Agreement (the “Exclusivity Agreement”) with Bohai Leasing Co., Ltd. (SZSE: 000415) (“Bohai”) granting Bohai exclusivity to negotiate with Avolon until September 7, 2015 (the “Exclusivity Period”) with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share (the “Transaction”). During the Exclusivity Period, Bohai and Avolon will endeavour to negotiate definitive agreements on terms previously discussed and accepted by the parties. Bohai’s offer is subject to completion of satisfactory and customary due diligence.