AFARAK APPOINTS NEW CFO

11 Jan 2019 15:09

15:15 London, 17:15 Helsinki, January 11, 2019 - Afarak Group Plc ("Afarak" or "the Company")

AFARAK APPOINTS NEW CFO

Afarak announces that Mr Pedrag Kovacevic, Chief Financial Official, has left the company on January 10th, 2019. His contract has been terminated by mutual agreement. The company extends its gratitude for the excellent job performed by Mr Kovacevic and wishes him all the best for his future career.

The Company has appointed Mr Melvin Grima, the Group’s finance director, as CFO. Mr Grima, a Maltese national and resident has been with the Company since 2013 and has occupied senior positions within the finance function.

Afarak’s CEO, Guy Konsbruck, said that “Melvin Grima has been with the Company for a number of years and his experience will make him an excellent successor to Mr Kovacevic. Through this appointment, Afarak is further strengthening its corporate and finance function in Malta.”

Guy KonsbruckCEO

For additional information, please contact:

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.comJean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.com

Financial reports and other investor information are available on the Company's website: www.afarak.com.

Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Distribution:NASDAQ HelsinkiLondon Stock ExchangeMain media

www.afarak.com