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Atlas Financial Holdings Secures $30 Million Credit Facility with Fifth Third Bank; Adjusts Terms of Existing Revolving Line of Credit

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Atlas Financial Holdings, Inc. (NASDAQ:AFH) (“Atlas” or the “Company”) announced today that the Company entered into a $35 million credit facility with Fifth Third Bank. This facility includes a $30 million line of credit which can be drawn in increments at any time during the first twelve months of the agreement effective date of March 9, 2015. The new $30 million line of credit has a five-year term and will bear interest at one-month LIBOR plus 4.5%, which presently equals approximately 4.68% per annum. Monies borrowed under the draw facility are intended to be used to increase surplus in the Company’s operating insurance subsidiaries.

In addition, the Company’s existing $10 million revolving line of credit is being replaced and extended with a $5 million revolving line of credit that matures on May 7, 2016. The revolving facility will bear interest at one-month LIBOR plus 2.75%, which presently equals 2.93% per annum. Monies under the draw facility are intended to be used for general corporate purposes.

Scott D. Wollney, President and CEO, stated, “This credit facility provides Atlas with financial flexibility to support our expected organic growth, improving our operating leverage at a favorable cost of capital. We were pleased to work with Fifth Third Bank, who understand our business model and are supportive of our growth initiatives.”

Both components of this facility can be repaid without penalty during the tenure of the agreements.

About Atlas

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas’ insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance.

For more information about Atlas, please visit www.atlas-fin.com.

Forward-Looking Statements:

This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses.

Such statements are based on the current expectations of the management of each entity. The words “anticipate”, “expect”, “believe”, “may”, “should”, “estimate”, “project”, “outlook”, “forecast” or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Atlas and its subsidiaries, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the “Risk Factors” section of the Company’s 2013 Form 10-K. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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