Afarak Group Plc - Company Announcement

AFARAK SERVED NOTICE OF ARBITRATION

12:00 London, 14:00 Helsinki, 27 March 2014 - Afarak Group Plc, Stock Exchange
Release

AFARAK SERVED NOTICE OF ARBITRATION

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces
that the Company has been served a notice of arbitration by Chinese Suzhou
Kaiyuan Chemical Co. Ltd.

Chinese Suzhou Kaiyuan Chemical Co. Ltd has made a claim of EUR 2.66 million, at
current exchange rates, which relates to a chrome ore sales agreement entered
into by Chromex Mining Plc ("Chromex") prior to the acquisition of Chromex by
Afarak together in a joint venture with Kermas Limited. The claim has been
served on Afarak's marketing arm RCS Limited and various companies which form
part of the Chromex joint venture. The place of arbitration is Shanghai, China.
The Company will strongly contest the claim and aims to resolve the matter as
soon as possible.


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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