Afarak Group — Major Shareholding Notification 2014

Apr 3, 2014

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)

14:30 London, 16:30 Helsinki, 3 April 2014 - Afarak Group Plc, Stock Exchange
Release

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION
10 OF THE FINNISH SECURITIES MARKETS ACT)

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has on 3
April 2014 received a flagging notification in accordance with Chapter 9,
Section 5 of the Finnish Securities Markets Act from Hino Resources Co. Ltd
("Hino"), a company incorporated and existing under the laws of Hong Kong,
regarding the shares of Afarak.

In accordance with the flagging notification, Hino has completed an acquisition
of shares in Afarak Group Plc and the transaction has resulted in Hino
increasing above 10 and 15 per cent and becoming a 19.27 per cent holder of the
shares and voting rights in Afarak.

1. Name of the target company
   Afarak Group Plc

2. Basis for the flagging obligation
   Acquisition of shares

3. Date when the holdings have changed
   1 April 2014

4. As a result of the transaction, the holding of Hino Resources Co. Ltd in
   Afarak is the following:
   Number of shares % of shares Number of voting rights % of voting rights

47,881,903 19.27 47,881,903 19.27

1. Name and address of the shareholder
   Hino Resources Co. Ltd
   Room 904, Tai Tung Building
   8 Fleming Road, Wanchai
   Hong Kong

AFARAK GROUP PLC
Danko Koncar
CEO

For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.konchar@afarak.com

Investec Bank Plc
Jeremy Wrathall, +44 (0)20 7597 5970

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 OMX
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

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

[HUG#1774216]