Afarak Group — Regulatory Filings 2018

Mar 14, 2018

AFARAK GROUP INCREASES ITS MINING CAPACITY

AFARAK GROUP INCREASES ITS MINING CAPACITY

07:00 London, 09:00 Helsinki, 14 March 2018 - Afarak Group Plc ("Afarak" or
"the Company") (LSE: AFRK, NASDAQ: AFAGR)

               AFARAK GROUP INCREASES ITS MINING CAPACITY

                     Vlakpoort mining right granted
   Mine has a minimum of 6.6 million tonnes of proven chrome reserves
                Preparatory work to start in quarter two
   Production of 20,000 tonnes per month envisaged from quarter three

Afarak Group announces that its application for a new order mining right on its
Vlakpoort site has been granted in terms of Section 23(1) of the Mineral and
Petroleum Resources Development Act, 2002 (Act 28 of 2002) as amended by Mineral
and Petroleum Resources Development Amended Act, 2008 (Act 49 of 2008 by the
Department of Mineral Resources (DMR) in South Africa.

The Vlakpoort Mine is situated on the Northern part of the western limb of the
Bushveld complex in South Africa. The surface right was acquired in 2011 after
the prospecting right was granted to Destiny Springs Investments 11 a subsidiary
of Afarak by the DMR.  Since then, extensive exploration work was conducted
which included geological drilling, trenching and bulk sampling of the LG5 and
LG 6 seams. The property has a minimum proven resource of 6.656m tons of chrome
and 330,314 ounces of PGMs. This includes the underground potential. The
resource consists of the LG1-6, MG1-4 and the UG1- 2 and Merensky reefs.

Guy Konsbruck, CEO of Afarak Group, said, "Afarak continues on its path to
further extend its mining capacity in South Africa. Works are expected to
commence towards the beginning of quarter two and mining is expected to ramp up
to a steady state of around 20,000 tonnes in quarter three. The availability of
Vlakpoort ore will further consolidate Mogale's position as a quality
ferrochrome smelter in South Africa."

Guy Konsbruck
CEO

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Jean Paul Fabri, +356 9940 8746, 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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