Issue of Equity

For immediate release: 3 October2013

EW GROUP LIMITED

("EW Group" or "Company")

Issue of Equity

EW Group (AIM: EWG) announces that it has agreed to acquire £73,986.44 of debt in European Wealth Management Group Plc ("European Wealth") for the issue of 7,398,644 new ordinary shares of 0.1p each in the Company ("Debt Shares"). The debt being acquired carries a coupon of 10 per cent. per annum and is redeemable on or before 30 November 2013. Following this acquisition of debt and the issue of a new loan to European Wealth, which was announced this morning in conjunction with a £584,400 fund raise, the Company will have a total of £2.54 million loans outstanding to European Wealth, all of which carry a coupon of 10%. European Wealth has a further £802,636 million of loans outstanding to third parties.

The Company also announces that several of the holders of EW Group convertible loan notes have requested that their accrued interest to 31 March 2013, amounting to £25,390.44 in aggregate, may be satisfied through the issue of shares. The Company has therefore agreed to issue 2,539,044 new ordinary shares of 0.1p each in the Company ("Interest Shares") to certain holders of convertible loan notes.

The Debt Shares and the Interest Shares are both being issued at an effective price of 1p, in line with the £584,400 subscription announced by the Company earlier today.

Admission

Application for admission of the Debt Shares and the Interest Shares to trading on the AIM market of the London Stock Exchange has been made and trading is expected to commence at 8.00am on 9 October 2013.

Following the issue of the Debt Shares and the Interest Shares, the Company's issued ordinary share capital will comprise 633,712,300 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. 

Director's Dealing

22,387 Interest Shares will be issued to John Morton, a director of the Company. As a result, John Morton's shareholding in the Company, together with those persons and trusts associated with John Morton, is now 48,235,445 Ordinary Shares, representing approximately 7.61 per cent. of the Enlarged Share Capital.

Significant Shareholders

Following the issue of the Subscription Shares, the significant shareholders in the Company will be as follows:

Further information please contact:

EW Group Limited

Paul Everitt: +44 (0)14 8173 2888

John Morton: +44 (0)7540 726 291

Daniel Stewart & Company Plc - Nominated Adviser and Broker

Antony Legge and James Thomas: +44 (0)20 7776 6550

GTH Communications

Toby Hall: +44 (0)20 7822 7493 / +44 (0)7713 341072