Award of Options

8 May 2014

European Wealth Group Limited

("EWG" or "the Group")

Award of options

Further to the announcement of 17 April 2014 and as disclosed in the Admission Document dated 16 April 2014, the Group (AIM: EWG, EWGL) announces thatfollowing the acquisition of all shares in European Wealth Management Group Limited ("European Wealth") ("the Acquisition"), new options over 1,031,448 ordinary shares in EWG ("New Options") have been issued to replace existing current European Wealth options. The New Options represent approximately 7.8% of the Group's issued share capital.

Prior to completion of the Acquisition, European Wealth had unexercised options over 52,855 shares at exercise prices ranging from £nil to £5.00 with a value at the acquisition price of approximately £1.135 million ("Market Value"). The number of New Options which have been issued have been calculated by dividing the Market Value by the closing mid price on 7 May 2014, being 110p.

The number of New Options granted to the EWMG Concert Party (as defined in the Admission Document dated 16 April 2014) is 885,430, resulting in a maximum holding in the group for the EWMG Concert Party of 8,110,508, representing 48.7% of the Group if no one else exercises options or unsecured convertible loan stock.

Director dealing

Some of the Group's Directors received European Wealth Options, disclosed in the table below:

Full information on the Group, the acquisition of European Wealth and the Admission is contained in the Admission Document published on 16 April 2014 and available on the Group's web site, www.ewgrouplimited.com.

For further details, please contact:

European Wealth Group Limited

John Morton, Rod Gentry: +44 (0)20 7293 0733

www.ewgrouplimited.com

Daniel Stewart & Company Plc - Nominated Adviser and Broker

Antony Legge, Ciaran Walsh, Mark Treharne: +44 (0)20 7776 6550

GTH Communications

Toby Hall: +44 (0)20 7822 7493 / +44 (0)7713 341072

ENDS