Afarak Group Plc - Major shareholder announcements

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

13:00 London, 15:00 Helsinki, 30 April 2015 - 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, NASDAQ: AFAGR) has on
30 April 2015 received a flagging notification in accordance with Chapter 9,
Section 5 of the Finnish Securities Markets Act from Dr Danko Koncar regarding
the shares of Afarak.

As a result of a transaction that occurred between two controlled corporations
of Dr Danko Koncar, Kermas Limited and Kermas Resources Limited, Kermas Limited
has decreased below the threshold of 5 per cent and Kermas Resources Limited has
increased above the threshold of 25 per cent.

However, the total combined ownership of Dr Danko Koncar remains completely
unchanged.


1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Sale of shares

3. Date when the holdings have changed
30 April 2015

4. Holdings prior to the transaction

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

 Kermas Resources  0                0           0                 0
 Limited

 Kermas Limited    70,795,967       27.28       70,795,967        27.28

 Danko Koncar      19,672           0.01        19,672            0.01

 Total             70,815,639       27.28       70,815,639        27.28



5. Current holdings

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

 Kermas Resources  70,795,967       27.28       70,795,967        27.28
 Limited

 Kermas Limited    0                0           0                 0

 Danko Koncar      19,672           0.01        19,672            0.01

 Total             70,815,639       27.28       70,815,639        27.28


6. Name and address of the shareholder

Danko Koncar


Kermas Limited
Registration number 504889
P.O. Box 3175
3(rd) Floor
Geneva Palace
Waterfront Drive
Road Town
British Virgin Islands


Kermas Resources Limited
Registration number C 66256
Ground Floor
Europa Centre
St. Anne Street
Floariana FRN 9011
Malta


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

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
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

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

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