18 October 2012
                                                                                               GB00B4W5WQ08
                                                     
                                          AFH FINANCIAL GROUP PLC
                                         ("AFH" or the "Company")

                                   Completion of GBP658,500 Subscription
                                                     
The  Directors of AFH, a leading Discretionary Wealth Manager and Independent Financial Advisory firm,  are
pleased  to  announce  that, further to the Company's announcement of 1 August 2012, the  subscription  for
658,500 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of GBP1.00 per share  has
now been completed.

The  proceeds  of  the subscription, amounting to GBP658,500 (gross of expenses), will be used  to  provide
additional working capital for the Company and to finance potential future acquisitions.

Following  completion  of  the subscription, the issued share capital of the Company  comprises  14,780,374
Ordinary Shares.

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

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