AFARAK GROUP PLC ANNOUNCES CHANGES IN IMPORTANT DATES RELATING TO THE TENDER OFFER

16 Jul 2019 11:07

Released: July 16, 201911:00 London, 13:00 Helsinki, 16 July 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC ANNOUNCES CHANGES IN IMPORTANT DATES RELATING TO THE TENDER OFFERNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Stock Exchange Release

The Board of Directors of Afarak resolved on 12 July 2019 to extend the offer period (“Offer Period”) regarding the acquisition of Afarak’s own shares (the “Shares”) in a voluntary public tender offer directed to all shareholders (the “Offer”or the “Tender Offer”). The Offer Period of the Offer was by virtue of the terms and conditions of the Offer extended to expire on 29 July 2019 at 4:00 pm (Finnish time).Due to the extension of the Offer Period, it is anticipated that the following important dates relating to the Offer will change as follows: 29 July 2019 Offer Period expires 30 July 2019 Announcement of the preliminary result of the Offer 31 July 2019 Announcement of the final result of the Offer if the acceptance of the Offers made by the shareholders does not need to be scaled back 1 August 2019 Execution of the sales and purchase transactions in the Offer if the acceptance of the Offers made by the shareholders does not need to be scaled back 5 August 2019 Payment of the Share Offer Price if the acceptance of the Offers made by the shareholders does not need to be scaled back If the acceptances of the Offers must be scaled back: 1 August 2019 Announcement of the final result of the Offer if the acceptances of the Offers made by the shareholders is scaled back 2 August 2019 Execution of the sales and purchase transactions in the Offer if the acceptances of the Offers made by the shareholders is scaled back pro rata 6 August 2019 Payment of the Share Offer Price if the acceptance of the Offers made n by the shareholders is scaled back A printed version of the changes in important dates relating to the Offer will be available in Finnish approximately from 16 July 2019 onwards at UB Securities Oy, Aleksanterinkatu 21 A, 00100 Helsinki, Finland and at Nasdaq Helsinki, Fabianinkatu 14, 00100 Helsinki, Finland. An electronic version of the changes in important dates relating to the Offer will be available in Finnish and English from 16 July 2019 onwards online at www.unitedbankers.fi/tender.

Helsinki, July 16, 2019Afarak Group PlcBoard of Directors

For additional information, please contact:Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.comFinancial 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 Helsinki London Stock Exchange Main mediawww.afarak.com

DisclaimerThis announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Afarak Group Plc (the "Shares") anywhere in the world. The final terms and further provisions of the public tender offer (the "Offer") will be disclosed in the offer document approved by the Finnish Financial Supervisory Authority. Holders of the Shares are strongly recommended to read the offer document and all announcements in connection with the Offer as they contain or will contain important information.The Offer is not being made directly or indirectly, in or into the United States or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction. The Offer is not being made by the use of the mails or any other means or instruments of interstate or foreign commerce (inter alia, transmission by fax, telephone or internet) in or into the United States, nor by the use of any facility of a national securities exchange in the United States. Accordingly, the sending or any other distribution of this announcement or any other accompanying document in or into the United States or any other jurisdiction, where to do so would constitute a violation of the laws of such jurisdiction, is prohibited.