Afarak Group Plc - Annual Financial Report

AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY - 31 DECEMBER 2015

21:50 London, 23:50 Helsinki, 31 March 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, OMX: AFAGR) Annual Financial Report

AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1
JANUARY - 31 DECEMBER 2015

Afarak Group plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR)
announces that it has published today its Annual Report for the year ended 31
December 2015 which is available from the Company's website www.afarak.com.

Included in the Annual Report is an updated Resources and Reserves Statement for
the Company's mining assets in South Africa following activities over the course
of 2015.

Commenting  on the Annual Report, Dr Alistair  Ruiters, CEO of Afarak, said that
"2015  was a  transformational year  for Afarak.   Against a  difficult external
environment,  Afarak  delivered  a  turnaround  with significant operational and
financial  improvements.  Our efforts  to focus on  specialized products and our
ability  to  offer  unique  speciality  alloys  to  each  and every customer has
provided us with added resilience."

A copy of the Annual Report 2015 has been submitted to the UK's National Storage
Mechanism    and    will    shortly    be    available    for    inspection   at
www.hemscott.com/nsm.do.

For additional information, please contact:

Afarak Group Plc
Jean    Paul    Fabri,    PR    &   Communications   Manager,   +356 2122 1566,
jp.fabri@afarak.com
Alistair Ruiters, CEO, +358 50 372 1130, alistair.ruiters@afarak.com
Melvin Grima, Finance Director, +356 2122 1566, melvin.grima@afarak.com



Financial  reports and other investor information are available on the Company's
website: www.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) and the
London Stock Exchange (AFRK).

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


[HUG#1999606]

Attachments:

AFARAK Annual Report 2015.pdf