Afarak Group — Major Shareholding Notification 2017

Mar 22, 2017

AFARAK GROUP: HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT)

AFARAK GROUP: HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT)

13:30 London, 15:30 Helsinki, 22 March 2017 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION
5 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 a group of shareholders (the
"shareholders").

In accordance with the flagging notification, the shareholders have agreed to
use their voting rights together in Afarak Group Plc and their agreement has
resulted in them having their shareholding to be above the 10% benchmark,
becoming a 10.01% per cent holder of the shares and voting rights in Afarak.
Their total of shares and voting rights stands at 26,325,048.
1. Name of the target company
Afarak Group Plc
2. Basis for the flagging obligation
An agreement between shareholders to use voting rights together in the issuer
company
3. Date of agreement
22 March 2017
4. The holding of the shareholders in Afarak is the following:
---------------------+--------+---------------
Name of shareholder |% shares|% voting rights
---------------------+--------+---------------
Joensuun Kauppa | 4.73| 4.73
---------------------+--------+---------------
Esa Hukkanen | 1.37| 1.37
---------------------+--------+---------------
Markku Kankaala | 2.69| 2.69
---------------------+--------+---------------
Kari Kakkonen | 0.36| 0.36
---------------------+--------+---------------
Timo Kamkaala | 0.07| 0.07
---------------------+--------+---------------
Juhani Lemmetti | 0.38| 0.38
---------------------+--------+---------------
Antti Kivimaa | 0.12| 0.12
---------------------+--------+---------------
Juha Halttunen | 0.09| 0.09
---------------------+--------+---------------
AJ Elite Value Hedge| 0.10| 0.10
---------------------+--------+---------------
Veikko Karhulahti | 0.09| 0.09
---------------------+--------+---------------

AFARAK GROUP PLC
Guy Konsbruck, CEO

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