AVG Announces Second Tranche of Share Buyback Program

AVG Technologies N.V.

today announced the second tranche of its repurchase program announced on May 9, 2013. AVG may repurchase up to 2,500,000 ordinary shares between November 13, 2013 and May 10, 2014. During the first tranche, 1,500,000 ordinary shares were repurchased between June 19, 2013 and November 5, 2013. Details of the Share Repurchase Program The share repurchase was authorised by AVG's shareholders and approved by the Supervisory Board. The Supervisory Board has approved an increase of the maximum number of shares to be repurchased from 2,500,000 to 4,000,000 to cover AVG's obligations to deliver shares under its employee stock options incentive and restricted share units plans. Under the share repurchase program AVG may therefore, between May 9, 2013 and November 9, 2014, repurchase from time to time in both open market and privately negotiated transactions up to 4,000,000 ordinary shares. Under the first tranche of the share repurchase program AVG has, up to November 5, 2013, repurchased in open market transactions 1,500,000 ordinary shares for a total consideration of US$32,172,479.75 and a weighted average price per share of US$22.18. Under applicable law, the repurchase price will be no greater than the lower of (a) 110% of