Maturity of Share Save Scheme

 Jelf Group plc

('Jelf' or 'the Group')

Maturity of Share Save Scheme

Jelf announces that following the maturity of the Save As You Earn (Sharesave) option scheme granted in 2011 (the "Scheme"), it will issue 525,383 ordinary shares of 1 pence ("Ordinary Shares") to staff and Directors of the Group. As a result of the issue some of the Directors shareholdings have changed, the details of which are illustrated in the table below:

Application has been made for the 525,383 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will become effective on 23 September 2014. Following admission, the Group's issued ordinary share capital will be 85,753,140 Ordinary Shares, of which 100,000 are held in treasury and the Group's total number of Ordinary Shares with voting rights is 85,653,140. The above figure of 85,653,140 may be used by shareholders in the Group as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Groupunder the Financial Conduct Authority's Disclosure and Transparency Rules.

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About the Group:

Jelf is an independent consultancy which provides a broad range of insurance, financial services and employee benefit services to corporates and individuals

Further information is available about Jelf at the Group's website: www.jelfgroup.com