Afarak Group — Regulatory Filings 2016

Apr 8, 2016

AFARAK GROUP - SUBSIDIARY SUCESSFULLY COMPLETES SECTION 189 NEGOTIATIONS

AFARAK GROUP - SUBSIDIARY SUCESSFULLY COMPLETES SECTION 189 NEGOTIATIONS

08:30 London, 10:30 Helsinki, 08 April 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, OMX: AFAGR)

AFARAK GROUP - SUBSIDIARY SUCESSFULLY COMPLETES SECTION 189 NEGOTIATIONS

Afarak Group plc ("Afarak" or the "Company) (LSE: AFRK, NASDAQ: AFAGR) announces
that its subsidiary Mogale Alloys has successfully concluded Section 189
negotiations at its plant.

The current economic environment remains challenging and this required the
Company to take responsible decisions in the long-term interest of all its
stakeholders.

In view of the market environment, Mogale Alloys has no choice but to manage
business for the current environment and decisive action is needed at every
juncture.  Having considered all available options, it is with regret that the
Company finds itself in a position where 23 jobs have been retrenched.  The
Company had committed itself to assist these employees and in fact all have been
either relocated or offered voluntary retirement schemes.

Contact:

Media

Jean Paul Fabri
PR & Communications Manager
jp.fabri@afarak.com

About Afarak

Afarak is a vertically-integrated specialist alloys company.  Throughout its
various operations in South Africa, Turkey and Germany, Afarak extracts,
processes, markets and trades its specialised metals. Trusted by a highly
diversified customer base that includes industry leaders from the aviation,
nuclear, oil & gas and automotive sectors; the Company is able to produce a
unique alloy mix for every customer. As the Company aims to create value across
the product-chain, Afarak remains committed to sustainable development,
investment and to delivering a healthy financial performance for its
shareholders. Afarak is listed on the Helsinki Stock Exchange (AFAGR (OMX)) and
the London Stock Exchange (AFRK).

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