Afarak Group - Board/Management Information 2022

CHANGES IN CORPORATE MANAGEMENT

16:15 London, 18:15 Helsinki, 16 May 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

CHANGES IN CORPORATE MANAGEMENT

Afarak Group Plc´s Chief Operating Officer Dr Danko Koncar will step down from his position as Group COO as of 31 May 2022. Dr Danko Koncar will continue serving the Group as the Operational Manager in Afarak Trading Ltd.

The company is very grateful for Dr Koncar’s valuable input and commitment, especially during the last 2 very challenging years.

Helsinki, May 16, 2022

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, [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

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