Afarak Group — AGM Information 2018

Feb 1, 2018

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14:00 London, 16:00 Helsinki, 1 February 2018 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS

At the Extraordinary General Meeting to be held on February 5, 2018 there is election of the Board as one agenda point. The Nomination and Remuneration Committee proposes to the Annual General Meeting that Dr Jelena Manojlovic, Ivan Jakovcic, Thorstein Abrahamsen and Barry Rourke will be re-elected. The Committee will be proposing Guy Konsbruck, the current CEO, to replace Thomas Hoyer who will not be seeking re-election. Shareholders Atkey Ltd and Kermas Ltd, have expressed their support to this proposal and will vote at the upcoming AGM in favour of it. These shareholders represent 53.6% of the share capital and votes of the company.

AFARAK GROUP PLC

The Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, [email protected]

Jean Paul Fabri, +356 9940 8746, [email protected]

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

PR_EGM_Board_EN

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*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Afarak Group via Globenewswire*