TIDMAFX

RNS Number : 6784E

Alpha FX Group PLC

22 October 2018

22 October 2018

Alpha FX Group plc

("Alpha FX", the "Company" or the "Group")

Board Appointment

Alpha FX Group plc (AIM:AFX), a UK-based foreign exchange service provider working for corporates and institutions, is pleased to announce the appointment of Matt Knowles to the Board as an independent non-executive director with immediate effect.

Matt has significant industry expertise having spent 19 years at HiFX, a business providing international payment services to both consumer and corporate clients. Matt co-founded HiFX in 1998 and during his tenure as CEO, led the business through an MBO and a number of acquisitions before its sale in 2014 to Nasdaq listed Euronet Inc. He continued in his role as CEO post sale until February 2017, overseeing its digital transformation and identifying, acquiring and integrating XE.com in July 2015. As a result of the company's growth, at the time of his departure from HiFX Matt was responsible for approximately 400 employees across 6 offices internationally.

Upon appointment, Matt will become a member of the Company's Remuneration Committee and Audit Committee.

Morgan Tillbrook, Chief Executive Officer of Alpha FX said:

"Matt is a great addition to our Board and I'm looking forward to working with him. He not only understands our industry and its dynamics, but also has valuable experience leading a rapidly growing company domestically and internationally."

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Matthew Patrick Knowles (aged 45), holds or has held the following directorships and partnerships:

   Current Directorships                          Past Directorships 
   Mirabelle Ventures Limited                 EIM (FX) Limited 
   TempoCap                                          TBK (FM) Limited

HiFM Limited

HiFX Limited (UK incorporated)

HiFX Limited (New Zealand incorporated)

HiFX Limited (Australian incorporated)

HiFX Europe Limited

HiFX plc

HiFX Ltd

HiFX Inc

HiFX Canada Inc

HiFX Risk Management Inc

DFX Limited

121 Payments Limited

HiFX Foreign Exchange Limited

HiFX Products Limited

HiFX Developments Limited

HiFX Mortgage Services Limited

Currency Online Limited (UK incorporated)

Currency Online Limited (New Zealand incorporated)

Currency Online Limited (Australian incorporated)

HiFX Insurance Services Limited

Matt Knowles does not hold any shares in the Company.

Enquiries:

Alpha FX Group plc via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Henry Lisney, COO

   Liberum Capital Limited (Nominated Adviser and Sole Broker)          Tel: +44 (0)20 3100 2000

Neil Patel

Richard Bootle

Kane Collings

Alma PR (Financial Public Relations) Tel: 07580 216 203

Josh Royston

Helena Bogle

Rebecca Sanders - Hewett

Notes to Editors

Alpha is a founder led, UK-based foreign exchange service provider focused on managing exchange rate risk for UK corporates and institutions that trade internationally. The Company's primary client base consists of businesses and institutions across the UK and Europe that have a requirement to convert currency for a commercial purpose, such as buying or selling goods and services overseas, repatriating profits, or expatriating payroll. Since it was incorporated in 2010, Alpha has been able to build and retain a high-quality client base.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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