Afarak Group — Major Shareholding Notification 2017

Mar 17, 2017

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

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

10:00 London, 12:00 Helsinki, 17 March 2017 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

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 shareholders Joensuun Kauppa ja Kone Oy and
Esa Hukkanen (the "shareholders").
In accordance with the flagging notification, the shareholders have agreed to
use their voting rights togetherin Afarak Group Plc and their agreement has
resulted in them having their shareholding to be above 5% becoming a 6.05% 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
An agreement between two shareholders to use voting rights together in the
issuer company
3. Date of agreement
14 March 2017
4. The holding of the shareholders in Afarak is the following:
--------------------+----------------+--------+-----------------+--------------
Name of shareholder|Number of shares|% shares|Number of voting|% voting
| | |rights |rights
--------------------+----------------+--------+-----------------+--------------
Joensuun Kauppa | 12322240| 4.68| 12322240| 4.68
--------------------+----------------+--------+-----------------+--------------
Esa Hukkanen | 3602905| 1.37| 3602905| 1.37
--------------------+----------------+--------+-----------------+--------------
5. Name and addresses of the shareholders
Joensuun Kauppa Esa Hukkanen
Raatekankaantie 4, Kansankatu 46 A 21, 90100 Oulu
80100 Joensuu Finland
Finalnd

AFARAK GROUP PLC
Guy Konsbruck
CEO

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