Afarak Group

Pre-Annual General Meeting Information • Nov 9, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

07:00 London, 09:00 Helsinki, 09 November 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP HAS RECEIVED A REQUEST TO CONVENE AN EXTRAORDINARY GENERAL MEETING

Afarak Group has received a request on the 8th November 2017 from a group of shareholders, representing 10.86% of shares and voting rights, to convene an extraordinary meeting of shareholders. The shareholders are:

• Joensuun Kauppa ja Kone Oy

• Markku Kankaala

• Esa Hukkanen

• Petri Suokas

• Tomi Hyttinen

• Taloustieto Incrementum Ky

• Juhani Lemmetti

• Kari Kakkonen

• Antti Kivimaa

• AJ Elite Value Hedge Fund

• Aarne Simula

• Timo Kankaala

The main points of the request, written originally in Finnish, are:

"The presenters of the request, who at the time of the request own more than one-tenth of all shares of the Company) are putting forward a request to the Board of Afarak Group Plc (hereinafter Afarak), pursuant to Chapter 5 Paragraph 4 of the Companies Act, to convene without delay and Extraordinary General Meeting of Afarak to address the following issues:

1. A proposal to perform a special audit, in accordance with Chapter 7 Paragraph 7 of the Companies Act, concerning the Company's administration and accounting for the financial years January 1 st to December 31 st 2015, January 1 st to December 31 st 2016 as well as for the financial year beginning January 1 st 2017 until October 31 st 2017. The special audit should investigate the activity of Afarak and its administration as well as the legitimacy of the mentioned activity, in particular regarding and taking into account all business and legal actions between the Company and its main shareholder Danko Koncar and his controlled corporations and other related parties;

2. Dismissal of the Board; and

3. Election of a new Board, independent of the Company's main shareholder Danko Koncar and his controlled corporations."

The Board of Directors of Afarak Group will discuss the received letter of request in the manner provided by the Finnish Companies Act.

AFARAK GROUP PLC

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com

Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.com

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

www.afarak.com

---

*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Afarak Group via Globenewswire*