Exercise of Options

21 October 2015

AFH Financial Group plc

("AFH" or the "Company")

Exercise of Options

The Board of AFH, a leading financial planning led investment management firm, announces that application has been made for 12,151 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 by two self-employed financial advisers under the Company's 2012 Contractors' Share Option Plan and one employee under the AFH EMI Share Option Plan. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. 4,000 share options have an exercise price of £1.00 and 8,151 share options have an exercise price of £0.37. The New Ordinary Shares are expected to be admitted to trading on AIM on 26 October 2015.

Following the issue of the New Ordinary Shares, the issued share capital of the Company comprises 20,120,470 ordinary shares of 10 pence, each with one voting right. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company is 20,120,470.

The above figure may be used by shareholders in the Company 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, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

AFH Financial Group PLC +44 (0)1527 577 775

Alan Hudson, Chief Executive Officer

Paul Wright, Chief Financial Officer

www.afhfinancialgroup.com

Allenby Capital Limited +44 (0)20 3328 5656

(Nominated Adviser and Broker)

Nick Naylor

Chris Crawford

Nick Athanas

Yellow Jersey PR Limited +44 (0)7799 003 220

(Financial PR)

Dominic Barretto