Afarak Group — Regulatory Filings 2017

Nov 9, 2017

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

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

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 8(th) 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

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