CHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES

1 Jul 2019 08:51

Released: July 1, 2019

8:50 London, 10:50 Helsinki, 1 July 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

CHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES

On 29 May 2019, Afarak released information on two directed share issues. These share issues were related to two signed agreements whereby Afarak acquires additional ownership in certain South African mining assets. Now one of the above mentioned transactions which is done through a share exchange has been executed and accordingly, on 28 June 2019, Afarak Group Plc has transferred a total of 1,885,000 treasury shares.

Following the transfer, Afarak Group Plc holds a total of 2,494 treasury shares.

AFARAK GROUP PLCGuy KonsbruckCEO

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