Update in relation to the Board

European Wealth Group Limited

(the "Company")

Update in relation to the Board

European Wealth Group Limited (AIM: EWG, EWGL), the integrated wealth management group, today announces that John Morton has decided to step down from the Board and the Group.

John was instrumental in establishing the Company in 2010 and is the last founder of the Group still serving on the Board. In the seven years of his stewardship, the business has built assets under management of over £1.7bn with offices in five countries serving clients across the globe.

The Board is pleased to confirm Marianne Ismail (née Hay), who it was announced last week was acting as Chief Executive Officer of the Company on an interim basis, has been appointed on a permanent basis from today. Mrs Ismail has been a non-executive director of EWG since December 2015. Mrs Ismail has significant experience in the wealth management sector having previously been a Managing Director in Morgan Stanley's asset management business in London and New York, CEO of Global Wealth Management Europe at Citigroup and Head of Private Banking for Europe, Middle East and Africa at Standard Chartered Bank.

Buzz West, Chairman, commented: "European Wealth is grateful to John for the vision, hard work and dedication which he has put into successfully growing the Group over the last 7 years. Whilst we are sorry to see him leave, we are also excited about the future."

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