Afarak Group — Share Issue/Capital Change 2014

Jul 18, 2014

AFARAK DIRECTED SHARE ISSUE

AFARAK DIRECTED SHARE ISSUE

07:00 London, 09:00 Helsinki, 18 July 2014 - Afarak Group Plc, Stock Exchange
Release

AFARAK DIRECTED SHARE ISSUE

Further to the announcement of 10 July 2014, the Board of Afarak Group Plc
("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that all of the
11,130,434 new ordinary shares of no par value ("New Shares") offered to the
vendors of Mogale Alloys (the "Vendors") under the settlement agreement, as
announced on 11 October 2012, have been subscribed for. The total subscription
price of EUR 5,565,217 (EUR 0.5 per share) has been fully satisfied through
offset against the settlement receivables of the Vendors related to the Mogale
Alloys acquisition. The subscriptions have been approved by the Board of
Directors.

The New Shares are expected to be registered with the Finnish Trade Register on
24 July 2014. Applications to the UK Listing Authority, the London Stock
Exchange and NASDAQ OMX Helsinki will be made for the New Shares to be admitted
to the premium segment of the Official List and to trading on the Main Market of
the London Stock Exchange and NASDAQ OMX Helsinki, admission is expected to take
place on 25 July 2014.

Following the issue of the New Shares, the total amount of shares in issue will
be 259,562,434 ordinary shares of no par value of which 4,244,627 ordinary
shares are held in treasury.

AFARAK GROUP PLC
BOARD OF DIRECTORS

For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175,  danko.konchar@afarak.com

Investec Bank Plc
Jeremy Wrathall, +44 (0)20 7597 5970

Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.afarakgroup.com

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