Afarak Group

Director's Dealing • Jan 30, 2020

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15:30 London, 17:30 Helsinki, 30 January 2020 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP: NOTIFICATION OF MANAGERS’ TRANSACTIONS

Stock Exchange Release

Afarak Group has received the following notification:

Person subject to the notification:

Name: Atkey Ltd

Position: Closely associated person

(x) Legal person

(1) Person discharging managerial responsibilities in issuer

Name: Djakov, Aida

Position: Other senior position

Issuer: Afarak Group Oyj

LEI: 743700KOUL1GQQQREP40

Notification type: INITIAL NOTIFICATION

Reference number: 743700KOUL1GQQQREP40_20200130111018_3

Transaction date: 2020-01-28

Instrument type: SHARE

ISIN: FI0009800098

Nature of transaction: Pledging

Transaction Details:

(1): Volume: 62,000,000 Unit price: N/A

Aggregated transactions:

(1): Volume: 62,000,000 Volume weighted average price: N/A

According to Atkey Ltd´s notification, Atkey holds total of 62,126,701 shares, representing approximately 24,65 per cent of total shares and votes of the Company.

Helsinki, January 30, 2020

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@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 Helsinki

London Stock Exchange

Main media

www.afarak.com