Tranche Update on Avarga Limited's Equity Buyback Plan announced on October 4, 2018.

From October 4, 2018 to December 31, 2018, the company has repurchased 3,037,000 shares, representing 0.32% for SGD 0.61 million. With this, the company has completed the repurchase of 3,037,000 shares, representing 0.32% for SGD 0.61 million under the buyback announced on October 4, 2018.