Transfer of Treasury Shares and Directors' Holding

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

Transfer of Treasury Shares and Directors' Holdings

Avesco (AIM: AVS) announces that on 31 January 2014 the Company transferred out of treasury 492,449 ordinary shares of 10p each in the Company ("Ordinary Shares") to the Avesco Group Employee Benefit Trust (the "Trust") following the vesting of awards over Ordinary Shares under the Company's Long Term Incentive Plan.

Following the transfer of these Ordinary Shares at nil cost to directors and employees, the interests of the directors concerned in the Ordinary Share capital of the Company (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:

 * These shares are held by Taya Communications Limited, a 100% controlled subsidiary of Taya Investment Company Limited, which is a company controlled by Amiran Giniger and of which he is a director. The share buy-back by Avesco, as announced on 23 December 2013, of 7,584,724 of these Ordinary Shares is expected to complete on 5 February 2014.

The total number of Ordinary Shares in issue is 26,493,899. 49,900 Ordinary Shares continue to be held in treasury so the number of Ordinary Shares with voting rights is 26,443,999. 26,443,999 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.