Afarak Group — Regulatory Filings 2016

Apr 7, 2016

AFARAK GROUP SIGNS A 3-YEAR AGREEMENT WITH GLOBAL LEADING MANUFACTURER FOR SALE OF LOW CARBON FERRO CHROME

AFARAK GROUP SIGNS A 3-YEAR AGREEMENT WITH GLOBAL LEADING MANUFACTURER FOR SALE OF LOW CARBON FERRO CHROME

10:00 London, 12:00 Helsinki, 07 April 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, OMX: AFAGR)

AFARAK GROUP SIGNS A 3-YEAR AGREEMENT WITH GLOBAL LEADING MANUFACTURER FOR SALE
OF LOW CARBON FERRO CHROME

Afarak Group plc ("Afarak" or the "Company) (LSE: AFRK, NASDAQ: AFAGR) announces
that it has entered into long-term agreement with a world-leading developer and
manufacturer of products made from advanced stainless steel and special alloys.
Afarak will supply Low Carbon Ferro Chrome produced at its wholly-owned
subsidiary Eschweiler-Weisweiler plant in Germany.

Dr Alistair Ruiters, CEO of Afarak, said "This long-term agreement confirms
Afarak's reputation as a leading supplier of speciality Low Carbon Ferro
Chrome.  By being a vertically-integrated Group we are able to supply our
customers with their specific alloy requirements and this agreement confirms our
commitment to quality and to our clients.  Today, Afarak continues to supply
leading market leaders in a variety of sectors including aerospace, nuclear
energy and oil & gas."

This agreement comes on the back of another 3-year sales agreement Afarak
concluded with US company Carpenter Technology Corporation. These long-term
agreements continue to position Afarak as a leading specialist alloys producer.

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).

[HUG#2001560]