Afarak Group — Earnings Release 2015

Aug 11, 2015

AFARAK GROUP CHANGES ITS FINANCIAL YEAR 2015 EBIT GUIDANCE

AFARAK GROUP CHANGES ITS FINANCIAL YEAR 2015 EBIT GUIDANCE

7.00 London, 9.00 Helsinki, 11 August 2015 - Afarak Group Plc, Stock Exchange
Release

AFARAK GROUP CHANGES ITS FINANCIAL YEAR 2015 EBIT GUIDANCE

As a result of the strong performance during the first half of 2015, Afarak
Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has revised its
guidance and now estimates the Group's revenue for 2015 to remain at the same
levels of 2014 but for EBIT to significantly improve when compared to 2014. The
increase is primarily due to the positive effect of exchange rates, in
particular the strong US dollar and weak South African Rand, but also improved
sales from the FerroAlloys division and the re-opening of the Mecklenburg mine
in December 2014.

Afarak had earlier in its outlook guidance provided in the full year result of
2014 published on 16 February 2015 expected its 2015 revenue to remain at the
same levels of 2014 and EBIT to improve as compared to 2014.

AFARAK GROUP PLC
Alistair Ruiters
CEO

For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki Office),
alistair.ruiters@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
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarak.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarak.com

[HUG#1944829]