AFH Financial Group Plc

August 03, 2011 02:00 ET

Completion of Subscription

                                                                                              3 August 2011
                                          AFH FINANCIAL GROUP PLC
                                         ("AFH" or the "Company")

                                        Completion of Subscription
Further to the Company's announcement of 23 June 2011, the Directors of AFH, a leading Discretionary Wealth
Manager and Independent Financial Advisory firm, are pleased to announce that the subscription for ordinary
shares of 10p each in the Company ("Ordinary Shares") has now been completed and a further 460,624 Ordinary
Shares have been issued to subscribers at a price of 80p per share.

Following  completion  of  the subscription, the issued share capital of the Company  comprises  14,096,874
Ordinary Shares.

The  proceeds  of  the subscription, amounting to £1,757,500 (gross of expenses), will be used  to  provide
additional working capital for the Group and to finance acquisitions.

The Directors of AFH Financial Group PLC are responsible for the contents of this announcement.

AFH Financial Group PLC                                                                       01527 577 775
Alan Hudson, Chairman and Chief Executive     
St Helens Capital Partners LLP                                                                020 7368 6959
Mark Anwyl or Duncan Vasey                             
Yellow Jersey PR Limited                                                                      07768 537 739
Dominic Barretto                                                                                           

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