AFARAK GROUP COMPLETES SHARE BASED COMPENSATION

12 Feb 2019 07:00

07:00 London, 09:00 Helsinki, February 12, 2019 - Afarak Group Plc ("Afarak" or "the Company")

AFARAK GROUP COMPLETES SHARE BASED COMPENSATION

The Board of Afarak Group plc announces that it has completed three transfers totaling 500,000 ordinary shares (the "Shares") from treasury shares to Guy Konsbruck, CEO. The Shares are issued under the authorisation given by the Company's Annual General Meeting in May 2018 and form a part of the CEOs service contract.

The Board of DirectorsAfarak Group

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