Afarak Group Plc - Major shareholder announcements

AFARAK GROUP: HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT)

13:30 London, 15:30 Helsinki, 22 March 2017 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION
                    5 OF THE FINNISH SECURITIES MARKETS ACT)
 Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has
received a flagging notification in accordance with Chapter 9, Section 5 of the
Finnish Securities Markets Act from a group of shareholders (the
"shareholders").

In  accordance with the  flagging notification, the  shareholders have agreed to
use  their voting  rights together in  Afarak Group  Plc and their agreement has
resulted  in  them  having  their  shareholding  to  be above the 10% benchmark,
becoming  a 10.01% per cent holder  of the shares and  voting rights in Afarak.
Their total of shares and voting rights stands at 26,325,048.
1. Name of the target company
Afarak Group Plc
2. Basis for the flagging obligation
An  agreement between shareholders  to use voting  rights together in the issuer
company
3. Date of agreement
22 March 2017
4. The holding of the shareholders in Afarak is the following:
---------------------+--------+---------------
 Name of shareholder |% shares|% voting rights
---------------------+--------+---------------
 Joensuun Kauppa     |    4.73|           4.73
---------------------+--------+---------------
 Esa Hukkanen        |    1.37|           1.37
---------------------+--------+---------------
 Markku Kankaala     |    2.69|           2.69
---------------------+--------+---------------
 Kari Kakkonen       |    0.36|           0.36
---------------------+--------+---------------
 Timo Kamkaala       |    0.07|           0.07
---------------------+--------+---------------
 Juhani Lemmetti     |    0.38|           0.38
---------------------+--------+---------------
 Antti Kivimaa       |    0.12|           0.12
---------------------+--------+---------------
 Juha Halttunen      |    0.09|           0.09
---------------------+--------+---------------
 AJ Elite Value Hedge|    0.10|           0.10
---------------------+--------+---------------
 Veikko Karhulahti   |    0.09|           0.09
---------------------+--------+---------------

AFARAK GROUP PLC
Guy Konsbruck, CEO

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Bifogade filer:

FLAGGING NOTICE 22 MARCH 2017.pdf