Afarak Group Plc - Company Announcement

AFARAK GROUP: DIRECTED SHARE ISSUE UPDATE

07:05 London, 09:05 Helsinki, 8 November 2013 - Afarak Group Plc, Stock Exchange
Release

AFARAK GROUP: DIRECTED SHARE ISSUE UPDATE

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces
that further to the announcement of 10 July 2013 and the update provided on 15
August 2013 in the Q2 report, the Company continues to negotiate the intended
share issue with Sail Resources Pte and currently expects to complete
negotiations by the end of the year.

The contemplated share issue would consist of up to five million (5,000,000) new
ordinary  shares (the "Shares") representing  approximately 2.01 per cent of the
current issued share capital and 2.05 per cent of the total voting rights of the
Company  prior  to   the  share  issue.  Sail Resources Pte is a Singapore-based
customer of Afarak and operates in the commodities market.


AFARAK GROUP PLC
BOARD OF DIRECTORS

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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