Afarak Group - Major Shareholding Notification 2022

National Storage Mechanism | Additional information

08:45 London, 10:45 Helsinki, 29 August 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Stock Exchange Release

Afarak Group Plc has on 29 August 2022 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the flagging notification Afarak’s portion of the Company’s shares has fallen below the threshold of 5 per cent.

According to the notification, Afarak holds 7,041,514 treasury shares in Afarak, which corresponds to approximately 2.64 % of the total shares in Afarak as a result of the transaction that was executed on 26 August 2022 whereby Afarak transferred its treasury shares.

Total positions of person subject to the notification:


	% shares and voting rights	% of shares and voting rights through financial instruments	% of total	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	2.64	0	2.64	267 041 814
Position of previous notification (if applicable)	7.55	0	7.55

Information on amounts regarding shareholding and voting rights following when the threshold was crossed:

A: Shares and voting rights:


Class/type of shares	Number of shares and voting rights		% of shares and voting rights
Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009800098	7 041 514	0	2.64	0
SUBTOTAL A	7 041 514		2.64

Helsinki, August 29, 2022

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, [email protected]

Financial reports and other investor information are available on the Company's website: www.afarak.com.

Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Distribution:

NASDAQ Helsinki

London Stock Exchange

Main media