AVG appoints Martin Wheatcroft as SVP, Finance and Group Financial Controller

  AVG appoints Martin Wheatcroft as SVP, Finance and Group Financial
  Controller

      - Appointment of strong addition to AVG’s global management team -

Business Wire

AMSTERDAM -- December 04, 2012

AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile
security to 143 million active users, today announced the appointment of
Martin Wheatcroft as Senior Vice President, Finance and Group Financial
Controller, reporting to John Little, Chief Financial Officer, effective
immediately. Based out of AVG’s corporate office in Amsterdam, Mr. Wheatcroft
will manage the company’s global financial operations.

“With his more than twenty years of international experience working in
finance, both public and private companies, Martin Wheatcroft brings to AVG
extensive global management, diverse industry experience and a strong
understanding of markets and business and financial dynamics,” said John
Little, AVG’s CFO. “As a highly talented financial leader, Martin will be a
strong addition to our business as we continue to expand into new markets.”

Wheatcroft joins AVG from National Grid plc, a £25 billion market cap UK and
US based electricity and gas utility with listings in both London and New
York. Until recently he lead the accounting function for the $12 billion US
business, including regulated electric and gas utilities in New York City,
Long Island, upstate New York, Rhode Island, Massachusetts and New Hampshire.

“I am looking forward to working with such a rapidly growing business in such
a dynamic industry as it continues to grow from strength to strength. As the
business carries on expanding into different segments and geographies, there
are ambitious commercial and financial goals that need to be met,” said
Wheatcroft.

Forward-Looking Statements

This press release contains forward-looking statements within the Private
Securities Litigation Reform Act of 1995. Words such as “expects,” “outlook”,
“expectation,” “intends,” “assumes,” “believes” and “estimates,” variations of
such words and similar expressions are also intended to identify
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated herein. Factors that could cause or contribute to such
differences include but are not limited to: changes in the company’s growth
strategies; changes in the company’s future prospects, business development,
results of operations and financial condition; changes to the online and
computer threat environment and the endpoint security industry; competition
from local and international companies, new entrants in the market and changes
to the competitive landscape; the adoption of new, or changes to existing,
laws and regulations; flaws in the assumptions underlying the calculation of
the number of the company’s active users; the termination of or changes to the
company’s relationships with its partners, including Google, and other third
parties; changes in the company’s and its partners’ responses to privacy
concerns; the ability of the company to successfully diversify its portfolio
of search partners; the company’s plans to launch new products and online
services and monetize its full user base; the company’s ability to attract and
retain active and subscription users; the company’s ability to retain key
personnel and attract new talent; the company’s ability to adequately protect
its intellectual property;flaws in the company’s internal controls or IT
systems; the company’s geographic expansion plans; the anticipated costs and
benefits of the company’s acquisitions; the outcome of ongoing or any future
litigation or arbitration, including litigation or arbitration relating to
intellectual property rights; the company’s legal and regulatory compliance
efforts; and worldwide economic conditions and their impact on demand for the
company’s products and services. Given these risks and uncertainties, you
should not place undue reliance on these forward-looking statements.

Further information on these factors and other risks that may affect the
company’s business is included in filings AVG makes with the Securities and
Exchange Commission (SEC) from time to time, including its Annual Report on
Form 20-F, particularly under the heading “Risk Factors”. These documents are
available online from the SEC or in the Investor Relations section of our
website at http://investors.avg.com. Information on our website is not part of
this release. All forward-looking statements in this press release are based
on information currently available to us, and we assume no obligation to
update these forward-looking statements in light of new information or future
events.

About AVG Technologies (NYSE: AVG)

AVG's mission is to simplify, optimize and secure the Internet experience,
providing peace of mind to a connected world. AVG's powerful yet easy-to-use
software and online services put users in control of their Internet
experience. By choosing AVG's software and services, users become part of a
trusted global community that benefits from inherent network effects, mutual
protection and support. AVG has grown its user base to 143 million active
users as of September 30, 2012 and offers a product portfolio that targets the
consumer and small business markets and includes Internet security, PC
performance optimization, online backup, mobile security, identity protection
and family safety software.
www.avg.com

Keep in touch with AVG

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Contact:

HQ:
AVG Technologies
Ricardo Adame
Ricardo.Adame@avg.com
+420 724652759
or
United States:
AVG Technologies
Ally Zwahlen
Ally.zwahlen@avg.com
+ 1 (925) 207-4573
or
Investor Relations:
AVG Technologies
Anne Marie McCauley
AnneMarie.McCauley@avg.com
 
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