Afarak Group — Capital/Financing Update 2016

Aug 16, 2016

AFARAK GROUP PAYS INTERIM CAPITAL REDEMPTION

AFARAK GROUP PAYS INTERIM CAPITAL REDEMPTION

07:00 London, 09:00 Helsinki, 16 August 2016 - Afarak Group Plc ("Afarak" or
"the Company") (LSE: AFRK, NASDAQ: AFAGR) INTERIM CAPITAL REDEMPTION

AFARAK GROUP PAYS INTERIM CAPITAL REDEMPTION.

The Board of Afarak Group resolved during its meeting held on 15 August 2016,
that an additional capital redemption of EUR 0.01 per share will be paid, using
the authorization given by the AGM held on 11 May 2016.  The payment will be
made from the company's fund for invested unrestricted equity on16 September
2016.  The record date of the redemption is 17 August 2016. Shares will commence
trading without the right to the capital redemption payment on 16 August 2016 in
London and Helsinki.

AFARAK GROUP PLC
Alistair Ruiters
CEO

For additional information, please contact:

Afarak Group Plc
Alistair Ruiters, CEO, +358 50 372 1130, alistair.ruiters@afarak.com
Melvin Grima, Finance Director, +356 2122 1566, melvin.grima@afarak.com
Jean Paul Fabri, PR & Communications Manager, +356 2122 1566,
jp.fabri@afarak.com
Financial reports and other investor information are available on the Company's
website: www.afarak.com.

Afarak Group is a chrome mining and minerals 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

[HUG#2035381]

Attachments: