Afarak Group Plc - Company Announcement

FERROALLOY REFINING AND GRANULATION EQUIPMENT DELAYED

10:05 London, 12:05 Helsinki, 12 August 2014 - Afarak Group Plc, Stock Exchange
Release

FERROALLOY REFINING AND GRANULATION EQUIPMENT DELAYED

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces
that the installation of new ferroalloy refining and granulation equipment for
Company's subsidiary Mogale Alloys (Pty) Ltd as announced 1 July 2013 has been
delayed. The Company now anticipates that the first production of specialty
alloys at Mogale will commence during Q4 2014. The delay is expected to have a
negative effect on the Company's Q3 results but full year guidance is unchanged.


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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