Press Release

Board Changes

03 July 2007

Aero Inventory is pleased to announce the following board appointments which are effective immediately.

Paul Docker, Operations Director of Aero Inventory plc since July 2004, becomes Chief Operating Officer. In this role, he will have full responsibility for Aero Inventory's operating activities worldwide, releasing the Chief Executive to focus primarily on the strategic development of the business.

Collin Trupp, Information Director of Aero Inventory plc from April 2005 to October 2006 and subsequently Australasia Director, becomes Business Development Director. He will remain located in Australia and will continue to have overall responsibility for Aero Inventory's key relationship with Qantas.

Tim Davey is appointed IT Director. Mr Davey joined Aero Inventory as Programme Manager in November 2006 and became acting head of IT in April 2007. Previously, Mr Davey had held senior IT positions as a contractor with TUI UK, dreamticket.com, MyTravel/Going Places and BP Exploration/SAIC. Prior to these appointments, he spent 7 years in the Royal Artillery Commandos.

Mr. Davey holds options over 27,026 Ordinary shares of 1.25p in the Company at an Option Price of 370p exercisable between April 2010 and April 2017.

For further information, please contact:

Aero Inventory plc +44 (0)20 8688 5812
Rupert Lewin, Chief Executive
rupert.lewin@aero-inventory.com

JPMorgan Cazenove +44 (0)20 7588 2828
Nick Garrett, Director
nick.garrett@jpmorgancazenove.com

Note regarding the Appointment of Timothy Charles Nicholas Davey (Tim Davey) as a Director

Current Directorships or Partnerships of Tim Davey:
Graniteweb Limited
Military Jet Limited

Past Directorship of Tim Davey:
Company Name - Areasi Aviation Limited
Date Resigned - 5 September 2006

In addition

Timothy Charles Nicholas Davey (Aged 40):

1. does not have any unspent convictions in relation to indictable offences;
2. has not been declared bankrupt or entered into anyindividual voluntary arrangements with his creditors;
3. has not been a director of any company which has been placed in receivership, liquidation, administration, been subject to a voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors whilst he was a director of that company or withinthe twelve months after he ceased to be a director of that company;
4. has not been a partner of any partnership at the time of or within 12 months preceding any compulsory liquidation , administration or partnership voluntary arrangements of such partnership;
5. has not been a partner of any partnership at the time of or within 12 months preceding a receivership of any assets of such partnership
6. has not had any of his assets subject to any receivership;
   and
7. has not been the subject of any public criticism by statutory or regulatory authorities or has ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company.

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