Publication of IM for Proposed Bond Issue

1 December 2014

AFH FINANCIAL GROUP PLC

("AFH" or the "Company")

Publication of Information Memorandum for Proposed Bond Issue

The Board of AFH, a leading financial planning led investment management firm, is pleased to announce the publication of an information memorandum, dated 28 November 2014, (the "Information Memorandum") in connection with the issue of up to £3,000,000 of unsecured loan notes (the "Notes").

The Notes will pay a coupon of 7.5 per cent. per annum with a redemption date of 12 December 2018. For every £1,000 of Notes subscribed for the Note holder will receive warrants to subscribe, on redemption of the Notes, for 200 new ordinary shares in the Company at a price of £2.00 per new ordinary share.

Preliminary applications for the Notes need to be received by 5.00 p.m. 12 December 2014 and it is anticipated that the Notes will be issued thereafterwards. Further applications for Notes after 12 December 2014 may be accepted at the sole discretion of the Board.

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

(Nominated Adviser and Broker)

Nick Naylor

Chris Crawford

Nick Athanas

Yellow Jersey PR Limited 07768 537 739

Dominic Barretto

Kelsey Traynor