The upgrade is fairly simple and painless, you just need to run the install.sh script and it will completely update your server. The proviso, as always, is to make a backup of your current installation beforehand.
I'd also wait until tomorrow for the 4.5.1 release as there's a couple of quirks in the 4.5 install that may cause problems. You're upgrading from a very old release and I can't remember offhand if there's a problems with that big a version jump. Have a search around the forums and ask again if you have any questions.
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Regards
Bill
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