Afarak Group Plc - Company Announcement

AFARAK GROUP - SUBSIDIARY SUCESSFULLY COMPLETES SECTION 189 NEGOTIATIONS

08:30 London, 10:30 Helsinki, 08 April 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, OMX: AFAGR)

AFARAK GROUP - SUBSIDIARY SUCESSFULLY COMPLETES SECTION 189 NEGOTIATIONS

Afarak Group plc ("Afarak" or the "Company) (LSE: AFRK, NASDAQ: AFAGR) announces
that its subsidiary Mogale Alloys has successfully concluded Section 189
negotiations at its plant.

The  current  economic  environment  remains  challenging  and this required the
Company  to  take  responsible  decisions  in  the long-term interest of all its
stakeholders.

In  view of the  market environment, Mogale  Alloys has no  choice but to manage
business  for the  current environment  and decisive  action is  needed at every
juncture.   Having considered all available options,  it is with regret that the
Company  finds itself  in a  position where  23 jobs have  been retrenched.  The
Company had committed itself to assist these employees and in fact all have been
either relocated or offered voluntary retirement schemes.

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).




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