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First Asset Hamilton Capital European Bank Fund Announces Exercise of Over-Allotment Option

TORONTO, December 19, 2014 - First Asset Hamilton Capital European Bank Fund (the "Fund") (TSX: EB.UN) announces that the syndicate of agents for the Fund's initial public offering has exercised the over-allotment option and acquired an additional 75,000 units of the Fund (the "Units") at $10 per Unit. In total, the Fund issued 3,075,000 Units pursuant to its initial public offering, yielding gross proceeds of $30.75 million. The Units are listed on the Toronto Stock Exchange under the symbol EB.UN.

The syndicate of agents for this offering was led by CIBC, co-led by RBC Capital Markets, National Bank Financial Inc. and TD Securities Inc., and included BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc. and Manulife Securities Incorporated.

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For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com

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