Afarak Group Plc - Decisions of general meeting

RESOLUTIONS OF AFARAK GROUP'S ANNUAL GENERAL MEETING

13:00 London, 15:00 Helsinki, 8 May 2014 - Afarak Group Plc, Stock Exchange
Release


RESOLUTIONS OF AFARAK GROUP'S ANNUAL GENERAL MEETING

Afarak  Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) is pleased
to  announce that all the resolutions proposed at today's Annual General Meeting
(the  "AGM"), as published in  the invitation to the  meeting on 11 April 2014,
were passed.

The  AGM  adopted  the  financial  statements  and  the  consolidated  financial
statements and discharged the members of the Board of Directors and the CEO from
liability for the financial period 2013. The AGM resolved in accordance with the
proposal  of the Board of  Directors a capital redemption  of EUR 0.02 per share
for  the  year  ended  on  31 December  2013. The  payment will be made from the
Company's  fund  for  invested  unrestricted  equity on 22 May 2014. The capital
redemption is to be paid to the shareholders who are registered on the company's
shareholder  register maintained by Euroclear Finland Ltd on the record date for
payment,  being 13 May 2014. Shares  will commence trading  without the right to
the  capital redemption payment on 9 May 2014. The AGM resolved that no dividend
would be paid for 2013.


THE BOARD OF DIRECTORS
The  AGM resolved that the Board of Directors would comprise of six (6) members:
Dr  Jelena Manojlovic  (UK citizen),  Ms Bernice  Smart (UK  citizen), Mr Markku
Kankaala  (Finnish  citizen),  Dr  Danko  Koncar  (Croatian citizen), Mr Michael
Lillja  (Finnish citizen)  and Dr  Alfredo Parodi  (Italian citizen) all of whom
were re-elected.

The  AGM  resolved  that  all  Board  Members  will be paid EUR 3,000 per month.
Furthermore, the non-executive Board Members who serve on the Board's Committees
shall  be paid an additional  EUR 1,500 per month for  the committee work. Those
members  of the Board  of Directors that  are executives of  the Company are not
entitled to receive any remuneration for Board membership.

THE AUDITOR
The  AGM resolved that  the Company will  pay the fee  to the auditor against an
invoice  that is reviewed and approved by  the Company and that according to the
recommendation  by the  Audit Committee,  the Authorised  Public Accountant Firm
Ernst  & Young Oy was re-elected as the Auditor of the Company. Ernst & Young Oy
has  informed the Company that the  individual with the principal responsibility
at Ernst & Young Oy, is Authorised Public Accountant Erkka Talvinko.

SHARE ISSUE AND OTHER SPECIAL RIGHTS THAT ENTITLE TO SHARES
The  AGM resolved to authorize the Board  of Directors to issue shares and stock
options  and other special rights that entitle to shares in one or more tranches
up  to a maximum of  24,843,200 new shares or shares  owned by the Company. This
equates  to approximately 10% of the  Company's currently registered shares. The
authorization  may be used  among other things  in financing, enabling corporate
and  business  acquisitions  or  other  arrangements and investments of business
activities  and in the employee incentive  and commitment programs. By virtue of
the  authorization,  the  Board  of  Directors  can  decide both on share issues
against  payment  and  on  share  issues  without  payment.  The  payment of the
subscription  price can  also be  made with  consideration other than money. The
authorization contains the right to decide on derogating from shareholders' pre-
emptive  right to  share subscriptions  provided that  the conditions set in the
Companies' Act are fulfilled.

The  authorization replaces  all previous  authorizations and  is valid  two (2)
years from the decision of the Annual General Meeting.

ACQUIRING OF OWN SHARES
The  AGM  resolved  to  authorize  the  Board  of  Directors  to  buy back up to
15,000,000 shares  in the Company with the funds from the Company's unrestricted
shareholders'  equity. However, in  accordance with Section  11 of Chapter 15 of
the  Finnish Companies Act the total number  of shares in the Company, which the
Company  and its subsidiaries have  in their possession or  as a pledge, may not
exceed  one  tenth  of  the  total  issued  share  capital  of  the Company. The
authorization  replaces all  previous authorizations  and it  is valid 18 months
from  the decision of the Annual General Meeting. The authorization concerns the
acquisition  of  Company  shares  and  may  be  used in developing the Company's
capital  structure, in financing and  executing corporate acquisitions and other
arrangements, and executing the Company's share-based incentive systems
or otherwise in being transferred or cancelled.

THE MEETING OF THE BOARD OF DIRECTORS
Following  the AGM,  the Board  of Directors  held a  meeting in which Dr Jelena
Manojlovic  was appointed  Chairman and  Ms Bernice  Smart Deputy  Chairman. The
Board Committees and their composition are as follows:

Audit Committee
Bernice Smart, Chairman
Markku Kankaala
Alfredo Parodi

The Nomination and Remuneration committee
Jelena Manojlovic, Chairman
Markku Kankaala
Bernice Smart

OTHER INFORMATION
Afarak Group Plc has, on 8 May 2014, a total of 248,432,000 shares and votes and
the Company holds in total 4,244,717 of its own shares in treasury.

The  minutes of the Annual General Meeting  will be available on the internet at
the Company's website www.afarakgroup.com  at the latest on 22 May 2014.



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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