Harwood Wealth Management : Result of General Meeting

18 April 2017

Harwood Wealth Management Group plc

('Harwood' or the 'Company')

Result of general meeting

Director's holdings

and

total voting rights

Result of general meeting

On 30 March 2017 Harwood (AIM: HW.), a leading UK based financial planning and discretionary wealth management group, announced that it had conditionally raised net proceeds of £10 million through the successful placing of 6,954,000 shares at a price of 150 pence per new share (the 'Placing'). The Placing was arranged by N+1 Singer.

The net proceeds of the Placing (being approximately £10 million) will be used principally to finance new acquisitions.

In conjunction with the Placing, Neil Dunkley (Joint Chief Executive Officer), Sian Dunkley (Neil Dunkley's wife) and Mark Howard (Chief Commercial Officer) (together the 'Selling Shareholders'), conditionally agreed to sell 1,333,000 existing shares at the same price as the Placing (the 'Share Sale'). The Selling Shareholders also agreed to a 12 month lock-in in respect of their remaining shares.

The Company is pleased to announce that at the general meeting held earlier today all resolutions proposed were passed and accordingly both the Placing and Share Sale will complete upon admission of the 6,954,000 new shares to trading on AIM expected on or around 19 April 2017 ('Admission').

Total voting rights

Following Admission the number of ordinary shares of 0.25p each in the capital of the Company in issue and number of voting rights will be 62,542,927. There are no shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Directors' interests

Immediately following Admission, the Selling Shareholders will together hold an aggregate of 20,066,012 Ordinary Shares, representing 32.08 per cent. of the Enlarged Share Capital, as set out in the table below:

* Neil Dunkley is married to Sian Dunkley. Sian Dunkley is also selling 333,250 of the Sale Shares and will hold 3,139,150 Ordinary Shares representing 5.02 per cent. of the Enlarged Share Capital following Admission.

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