Bells Financial Planning acquisition and TVR

 22 September 2015

European Wealth Group Limited

("European Wealth" or "the Company")

Bells Financial Planning acquisition and Total Voting Rights

European Wealth (AIM: EWG, EWGL), the fast growing wealth management group, is pleased to announce the acquisition of the financial planning business of legal firm Bells Solicitors Limited ("Bells Financial Planning") based in Farnham, Surrey ("the Acquisition").

Bells Financial Planning business, established in 1999 and expanded in 2012 through the acquisition of local IFA company Biggs Hart, primarily advises high net worth individuals and private clients in the Farnham area who may have financially benefitted as a result of the legal firm's work.

In the financial year to 31 August 2015, Bells Financial Planning clients accounted for approximately £43 million of funds under influence and generated approximately £185,000 of revenue, of which approximately 91% was recurring.

The aggregate consideration payable for the Acquisition is £675,000 ("Maximum Consideration"), of which 80% is to be satisfied in cash and 20% in new Ordinary Shares of 5p each of the Company. The Maximum Consideration will be settled in three instalments:

· £224,000 on completion, made up of a cash payment of £179,200 and the issue of 53,333 new Ordinary Shares ("Initial Instalment");

· A maximum of £302,170 on the 14 month anniversary of completion to follow the 80:20 cash to equity split dependent upon the performance of the acquired business; and

· A maximum of £148,830 24 months after completion to follow the 80:20 cash to equity split dependent upon the performance of the acquired business.

The equity element of the Initial Instalment of £44,800 has been satisfied through the issue of 53,333 new Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on or around the 25 September 2015 ("Admission").

Following Admission, the Company will have in issue 23,212,661 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 23,212,661.

On completion of the Initial Instalment, the Surrey based financial planning team will immediately be re-branded under the European Wealth banner and will bring European Wealth's financial planning team to over 35 staff spread across its current five UK offices.

John Morton, Executive Chairman of European Wealth, commented:

"This is an excellent example of the "win-win-win" philosophy on which European Wealth is based. Not only are we able to provide a meaningful exit for the owners of the business for whom the financial planning aspect was non core, but our systems mean the business can be easily integrated into our Group thereby ensuring a near seamless transition for the underlying clients. We believe it will provide an excellent platform for further growth in the locality."

European Wealth delivers wealth management and financial planning services to its clients through its two main divisions, European Investment Management and European Financial Planning. The Group currently has over £1.1 billion of funds under management.

For further details, please contact:

About European Wealth Group Limited

European Wealth Group Limited (AIM: EWG, EWGL) is the holding company for the fast growing wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has three operating divisions, European Investment Management Limited ("EIM"), European Financial Planning Limited ("EFP") and European Wealth (Switzerland) AG (EWS). Both EIM and EFP are regulated by the FCA and were established to be RDR compliant from the outset, EIM opting for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices both in the UK and continental Europe. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com.