To upgrade, in administration, go to Page Cache-> Configuration. In configuration, make sure "Uninstall database when uninstalling component from Joomla!?" is UN-CHECKED (and saved). Then uninstall the component (make sure index.php, administrator/index2.php and administrator/index3.php are writable when uninstalling). Then install the new version as usual, and the component will automatically be upgraded! That's it!

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