COLUMBUS, Ohio, April 19 /PRNewswire-FirstCall/ -- Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today announced that George S. McElroy, Jr. has joined the firm as managing director of institutional marketing and client service.

Ric Dillon, president and chief investment officer stated, "George is a 20-year veteran of the investment management industry, beginning his career with the Columbus office of The Chicago Corporation. We are pleased that his mentor, Pete Williams will work with us in a consultative capacity and their assistant, Dianne Bowe will also join the Diamond Hill team. Together, these three have been a fixture in the Columbus investment community for decades, and we look forward to working with them for years to come."

About Diamond Hill:

Diamond Hill provides investment management services to individuals and institutions seeking to preserve and build wealth. The firm currently manages more than $300 million in mutual funds, separate accounts and a private investment fund. For more information on Diamond Hill, visit www.diamond-hill.com .

SOURCE  Diamond Hill Investment Group, Inc.
    -0-                             04/19/2004
    /CONTACT:  James F. Laird, Chief Financial Officer of Diamond Hill
Investment Group, Inc., +1-614-255-3353, or E-mail, jlaird@diamond-hill.com/
    /Web site:  http://www.diamond-hill.com/
    (DHIL)

CO:  Diamond Hill Investment Group, Inc.
ST:  Ohio
IN:  FIN INS
SU:  PER

JS-JJ 
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