$tacks Upon $tacks Of Moolah

[D-More-D-Better]

Mooney As of December 15, 2004 the company will have a new trading symbol, MNYG.ob.
As part of the plan, the company will reacquire the stock of Mooney Airplane Company from its current owner, Allen
Financial Holdings, Ltd.
As part of the plan, existing shareholders will be issued new shares of Mooney
Aerospace Group, Ltd. common stock based on a reverse split of 3223 old MASG shares for one
share of new common stock. (Fractional shares will be issued as part of the plan.)
J. Nelson Happy, President and CEO of Mooney Aerospace Group, Ltd., commented:
“We are very pleased to have the bankruptcy proceeding behind us. We now have a fresh start
without old financial problems diverting management’s attention from our core business, which is
making and selling airplanes and thereby enhancing shareholder value. I am especially pleased
to welcome Gretchen Jahn, the recently appointed CEO of Mooney Airplane Company. She has
already shown herself to be a strong leader of the Mooney team. We are looking forward to 2005
as a year of consolidation of the business improvements initiated since our acquisition of the
Mooney assets in 2002.”
According to Mr. Happy, “Special thanks are due to our creditors, who approved a plan of
reorganization which allowed our existing shareholders to continue to have an equity stake in the
company, although smaller than before. This is unprecedented in my experience. Our existing
shareholders should submit their shares to our stock transfer agent, American Stock Transfer and
Trust Co., 59 Maiden Lane, Plaza Level, New York, N.Y. 10038; phone [phone], by mail or
through their stock broker.”
The plan imposes two restrictions on sale of the new stock, which is otherwise free
trading. No sale of the stock may occur until 90 days after the plan’s effective date. Thereafter,
no more than 10% of each shareholder’s total holdings can be sold per month. Complete details
of the Plan of Reorganization can be read as part of the Company’s most recent quarterly report
filed with the Securities and Exchange Commission.