Exercise of Options

28 November 2017

AFH Financial Group plc

("AFH" or the "Company")

(AIM: AFHP)

Exercise of Options

The Board of AFH, a leading financial planning led investment management firm, announces that application has been made for 1,298 new ordinary shares of 10 pence each in the Company (the "New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares have been issued and allotted pursuant to the exercise of share options under the AFH SAYE Option Plan 2016. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. The share options have an exercise price of £1.54. The New Ordinary Shares are expected to be admitted to trading on AIM on 1 December 2017.

Following the issue of the New Ordinary Shares, the issued share capital of the Company will comprise 30,596,741 ordinary shares of 10 pence, each with one voting right.

The total number of Ordinary Shares carrying voting rights in AFH is therefore 30,596,741. This figure will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

AFH Financial Group PLC 01527 577 775

Alan Hudson, Chief Executive Officer

Paul Wright, Chief Financial Officer

Liberum (Nominated Adviser and Broker) 020 3100 2000

John Fishley

Richard Bootle