Afarak Group Plc - Major shareholder announcements

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)

11:30 London, 13:30 Helsinki, 2 May 2014 - Afarak Group Plc, Stock Exchange
Release

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION
10 OF THE FINNISH SECURITIES MARKETS ACT)

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has on 1
May 2014 received a flagging notification in accordance with Chapter 9, Section
5 of the Finnish Securities Markets Act from Hino Resources Co. Ltd ("Hino"), a
company incorporated and existing under the laws of Hong Kong, regarding the
shares of Afarak.

In accordance with the flagging notification, Hino has completed an acquisition
of shares in Afarak Group Plc and the transaction has resulted in Hino
increasing above 20 per cent and becoming a 21.29 per cent holder of the shares
and voting rights in Afarak.

1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Acquisition of shares

3. Date when the holdings have changed
30 April 2014

4. As a result of the transaction, the holding of Hino Resources Co. Ltd in
Afarak is the following:

Number of shares % of shares Number of voting rights % of voting rights

52,881,903       21.29       52,881,903              21.29


5. Name and address of the shareholder
Hino Resources Co. Ltd
Room 904, Tai Tung Building
8 Fleming Road, Wanchai
Hong Kong


AFARAK GROUP PLC
Danko Koncar
CEO


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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