Afarak Group — Regulatory Filings 2017

Jul 27, 2017

National Storage Mechanism | Additional information

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07:00 London, 09:00 Helsinki, 27 July 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD

Afarak Group has concluded the sale of all the remaining sawmill equipment acquired by the Company in 2008.  Following the announcements in 2015 and 2016, Afarak Group has concluded the sale of the remaining parts of the equipment in Q2 of 2017.

The latest and final sale of equipment amounting to EUR 900,000 was concluded towards the end of 2016 and the final payment of EUR 700,000 was received in Q2/2017.  This receivable has triggered the release of a provision of EUR 619,488.  As a result, this transaction will positively affect Q2 profit for the period by EUR 1,519,488.

AFARAK GROUP PLC

Guy Konsbruck

CEO

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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*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*