Afarak Group — Major Shareholding Notification 2016

Jun 21, 2016

Afarak Group: Flagging Notification

Afarak Group: Flagging Notification

15:00 London,  17:00 Helsinki, 21 June 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

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

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 a sale of
shares in Afarak Group Plc and the transaction has resulted in Hino decreasing
its shareholding in the Company to under 15 per cent and becoming a 14.06% 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
Sale of shares
3. Date when the holdings have changed
27 May 2016

1. 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

36,991,903 14.06% 36,991,903 14.06%

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
Dr Alistair Ruiters
CEO

For additional information, please contact:
Jean Paul Fabri, PR & Communications Manager,
+356 2122 1566, jp.fabri@afarak.com

Afarak Group Plc
Afarak Group plc (LSE: AFRK, NASDAQ: AFAGR), is a vertically-integrated global
producer of speciality alloys with operations in South Africa, Turkey and
Germany.

www.afarakgroup.com

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

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