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Atlas Announces Pricing Of Public Offering

Atlas Financial Holdings, Inc. (NASDAQ:AFH) (“Atlas” or the “Company”) today announced the pricing of its underwritten public offering of 2,000,000 ordinary shares of the Company at a price to the public of $12.50 per share for gross proceeds of $25,000,000. The net proceeds from the sale of the shares, after deducting the underwriters’ discounts and other estimated offering expenses payable by the Company, will be approximately $23,170,000. In addition, Atlas has granted the underwriters a 30-day option to purchase up to 300,000 additional ordinary shares at the public offering price to cover over-allotments, if any.

Atlas plans to use the net proceeds from the offering for general corporate purposes, including, without limitation, business expansion, working capital and possible acquisitions.

Sandler O’Neill + Partners, L.P. is acting as the book-running manager for the offering. Janney Montgomery Scott LLC and Sterne, Agee & Leach, Inc. are acting as co-managers for the offering.

A shelf registration statement on Form S-3 (File No. 333-195495) relating to the shares described above was previously filed with, and has been declared effective by, the Securities and Exchange Commission (SEC). A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. Alternatively, copies of the prospectus supplement and the accompanying prospectus may be obtained from Sandler O’Neill + Partners, 1251 Avenue of The Americas, 6th Floor, New York, NY 10020, (866) 805-4128.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be made only by means of a prospectus supplement, prospectus or authorized free writing prospectus which have or will be filed with the SEC.

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