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, announces that John Morton is taking an agreed leave of absence from his duties with the Company.

The Board has appointed Marianne Ismail (née Hay) as Chief Executive Officer of the Company on an interim basis, with immediate effect. 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.

The Company will make a further announcement regarding Mr Morton's position as soon as practicable.

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