Grant of Options

16 February 2016

AFH FINANCIAL GROUP PLC

("AFH" or the "Company")

Grant of Options

The Board of AFH, a leading financial planning led investment management firm, announces that, pursuant to the announcement on 27 January 2016, it has received formal approval from HMRC for its growth share scheme.

As a consequence of this, the Company, at a board meeting on 15 February 2016, has granted an aggregate of 280,000 options to the Company's Executive Directors under the growth share scheme, pursuant to the announcement on 27 January 2016. The options were granted at a price of 171.50p each, being the closing price on 12 February, the last trading day before the grant of options.

The growth share scheme options will vest on the third anniversary of the Grant Date and are subject to performance conditions.

Enquiries:

AFH Financial Group PLC 01527 577 775

Alan Hudson, Chief Executive Officer

Paul Wright, Chief Financial Officer

www.afhfinancialgroup.com

Allenby Capital Limited 020 3328 5656

Nick Naylor/Nick Athanas (Nominated Adviser and Broker)

Chris Crawford (Corporate Broking)

Yellow Jersey PR Limited 07768 537 739

Dominic Barretto

Aidan Stanley