Completion of ISM Solutions acquisition and TVR

 2 July 2015

European Wealth Group Limited

("European Wealth" or "the Company")

Completion of the acquisition of ISM Solutions and Total Voting Rights

Further to the announcement on 27 May 2015, European Wealth (AIM: EWG, EWGL), the fast growing wealth management group, is pleased to announce that its acquisition of Greensnow Limited, the IFA business that trades under the name ISM Solutions ("ISM"), completed on 1 July 2015.

Based in the City of London, the clients of ISM are made up of predominantly young, aspiring professionals in both the legal and accountancy professions. For the full year to 31 March 2015 ISM had turnover of £1.1 million of which approximately 92 per cent was recurring income and profit before tax of £114,986. As at 31 March 2015, ISM had aggregate net assets of £29,000.

The aggregate maximum consideration for the acquisition of ISM is £3.0 million (the "Maximum Consideration"), of which 50 per cent. is to be satisfied in cash and 50 per cent. in new ordinary shares of 5p each of the Company ("Ordinary Shares"). The initial consideration payable on completion to ISM is £1.25 million and has been paid in cash and Ordinary Shares.

Any balance of the Maximum Consideration will be paid approximately 12 months from 1 July 2015 and is contingent, inter alia, on ISM's recurring revenue for the 12 month period following Completion. Assuming the Maximum Consideration becomes due and payable under the terms of the Acquisition, the second payments of consideration due to the vendors of ISM would be £875,000 in cash and £875,000 in shares.

The cash element of the Initial Consideration of £625,000 has been satisfied using part of the net proceeds of £1.9 million that the Company raised through a placing of 2,527,095 new Ordinary Shares, as announced on 27 May 2015. The equity element of the Initial Consideration of £625,000 has been satisfied through the issue of 706,214 new Ordinary Shares. 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 7 July 2015 ("Admission").

Following Admission, the Company will have in issue 23,085,799 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 23,085,799.

John Morton, chairman of European Wealth, commented, "We are committed to offering a full range of wealth management services, and the skills and experience of the team at ISM further strengthens our financial planning capability. Their commitment to excellent client service epitomises our own approach and emphasises the common ground we share. Such a natural business fit will enhance the strengths of the European Wealth Group."

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 two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both 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.