AVS.L Regulatory News (AVS)

AVESCO GROUP plc ("Avesco" or the "Company")

Completion of Share Buy-Back,

Directorate Changes, Directors' Holdings and Total Voting Rights

Avesco (AIM: AVS) announces the completion of the share buy-back of ordinary shares of 10p each in the Company ("Ordinary Shares") as previously announced on 23 December 2013. As a result of this buy-back Taya Communications Limited, a 100% controlled subsidiary of Taya Investment Company Limited, no longer has a notifiable interest in Ordinary Shares. In accordance with the terms of the buy-back agreement, Mr Amiram Giniger and Ms Carmit Hoomash have each resigned from the Board with effect from today and the Board thank them for their contribution to the Company in recent years.

Following this buy-back the interests of the remaining directors in the Ordinary Share capital of the Company is unchanged. These unchanged holdings now represent the following percentages of the Company's voting rights:

Of the 7,584,724 Ordinary Shares bought back from Taya Communications Limited, 5,539,149 are to be cancelled immediately, with the balance of 2,045,575 to be held in treasury. The revised total number of Ordinary Shares in issue is now 20,954,750. A total of 2,095,475 Ordinary Shares are now held in treasury so the number of Ordinary Shares with voting rights is 18,859,275. 18,859,275 is the figure which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Avesco under the FCA's Disclosure and Transparency Rules.

As regards dilution, awards under the Company's Long Term Incentive Plan remain outstanding in respect of 466,750 Ordinary Shares, which are due to vest after the preliminary announcement of the Company's results in respect of the year ending 30 September 2014. The performance condition attaching to these awards was met as at 30 September 2013 but the awards remain subject to a continuing service condition.