Afarak Group Plc - Decisions of general meeting

RESOLUTIONS OF AFARAK GROUP'S ANNUAL GENERAL MEETING

15:00 London, 17:00 Helsinki, 8 May 2015 - Afarak Group Plc, Stock Exchange
Release


RESOLUTIONS OF AFARAK GROUP'S ANNUAL GENERAL MEETING

Afarak  Group  Plc  ("Afarak"  or  the  "Company") (LSE: AFRK, NASDAQ: AFAGR) is
pleased  to announce that all the resolutions proposed at today's Annual General
Meeting  (the "AGM"), as published in the  invitation to the meeting on 16 April
2015, were passed.

The  AGM  adopted  the  financial  statements  and  the  consolidated  financial
statements and discharged the members of the Board of Directors and the CEO from
liability for the financial period 2014. The AGM resolved in accordance with the
proposal  of the Board of  Directors a capital redemption  of EUR 0.02 per share
for  the  year  ended  on  31 December  2014. The  payment will be made from the
Company's  fund  for  invested  unrestricted  equity on 20 May 2015. The capital
redemption is to be paid to the shareholders who are registered on the Company's
shareholder  register maintained by Euroclear Finland Ltd on the record date for
payment,  being 12 May 2015. Shares  will commence trading  without the right to
the capital redemption payment on 11 May 2015. The AGM resolved that no dividend
would be paid for 2014.

THE BOARD OF DIRECTORS
The  AGM  resolved  that  the  Board  of  Directors  would comprise of seven (7)
members:  Mr  Michael  Lillja  (Finnish  citizen),  Mr  Markku Kankaala (Finnish
citizen),  Dr Jelena  Manojlovic (UK  citizen), and  Dr Alfredo  Parodi (Italian
citizen)  were re-elected and Mr Barry  Rourke (UK citizen), Dr Alistair Ruiters
(South African citizen) and Mr Ivan Jakovcic (Croatian citizen) were elected.

The  AGM resolved the  Chairman of the  Board and the  Chairman of the Audit and
Risk  Management Committee  would be  paid EUR  4,500 per month and the ordinary
Board  Members would be paid EUR 3,500 per month. Furthermore, the non-executive
Board  Members who serve on  the Board's Committees shall  be paid an additional
EUR  1,500 per  month  for  the  committee  work.  Those members of the Board of
Directors  that are executives  of the Company  are not entitled  to receive any
remuneration for Board membership.

THE AUDITOR
The  AGM resolved that  the Company will  pay the fee  to the auditor against an
invoice  that is reviewed and approved by  the Company and that according to the
recommendation  by the  Audit Committee,  the Authorised  Public Accountant Firm
Ernst  & Young Oy was re-elected as the Auditor of the Company. Ernst & Young Oy
has  informed the Company that the  individual with the principal responsibility
at Ernst & Young Oy, is Authorised Public Accountant Erkka Talvinko.

SHARE ISSUE AND OTHER SPECIAL RIGHTS THAT ENTITLE TO SHARES
The  AGM resolved to authorize the Board  of Directors to issue shares and stock
options  and other special rights that entitle to shares in one or more tranches
up  to a maximum of  25,000,000 new shares or shares  owned by the Company. This
equates to approximately 9.6 % of the Company's currently registered shares. The
authorization  may be used  among other things  in financing, enabling corporate
and  business  acquisitions  or  other  arrangements and investments of business
activities  and in the employee incentive  and commitment programs. By virtue of
the  authorization,  the  Board  of  Directors  can  decide both on share issues
against  payment  and  on  share  issues  without  payment.  The  payment of the
subscription  price can  also be  made with  consideration other than money. The
authorization contains the right to decide on derogating from shareholders' pre-
emptive  right to  share subscriptions  provided that  the conditions set in the
Finnish Companies' Act are fulfilled.

The  authorization replaces  all previous  authorizations and  is valid  two (2)
years from the decision of the Annual General Meeting.

ACQUIRING OF OWN SHARES
The  AGM  resolved  to  authorize  the  Board  of  Directors  to  buy back up to
15,000,000 shares  in the Company with the funds from the Company's unrestricted
shareholders'  equity. However, in  accordance with Section  11 of Chapter 15 of
the  Finnish Companies Act the total number  of shares in the Company, which the
Company  and its subsidiaries have  in their possession or  as a pledge, may not
exceed  one  tenth  of  the  total  issued  share  capital  of  the Company. The
authorization  replaces all  previous authorizations  and it  is valid 18 months
from  the decision of the Annual General Meeting. The authorization concerns the
acquisition  of  Company  shares  and  may  be  used in developing the Company's
capital  structure, in financing and  executing corporate acquisitions and other
arrangements,  and  executing  the  Company's  share-based  incentive systems or
otherwise in being transferred or cancelled.

TRANSFER OF LISTING SEGMENT OF LONDON LISTING
The AGM resolved to approve the proposed transfer of the Company's equity share
listing on the Official List of the United Kingdom Listing Authority ("UKLA")
and on the Main Market of the London Stock Exchange plc from the Premium listing
(commercial company) segment to the Standard listing (shares) segment as
described in further detail in the circular to shareholders dated 16 April
2015. In line with the requirements of UK Listing Rule LR 5.4A.4 R (3)(b), the
resolution was passed with a majority of not less than 75% of the votes
attaching to the shares voted on the resolution. Accordingly, the Company has
now applied to the UKLA to approve the transfer with effect from Tuesday 9 June
2015.

A copy of the resolution approving the transfer of listing segment on the London
Stock  Exchange passed at the  AGM will be submitted  to the UK National Storage
Mechanism  ("NSM") and  will shortly  be available  for inspection  at the NSM's
website, which is located at http://www.morningstar.co.uk/uk/NSM.

THE MEETING OF THE BOARD OF DIRECTORS
Following  the AGM, the  Board of Directors  held a meeting  in which Dr Alfredo
Parodi was appointed Chairman. The Board Committees and their composition are as
follows:

Audit Committee
Barry Rourke, Chairman
Markku Kankaala
Ivan Jakovcic


The Nomination and Remuneration committee
Markku Kankaala
Alistair Ruiters


The Committee for Health Safety and sustainable development
Michael Lillja
Alfredo Parodi


OTHER INFORMATION
Afarak Group Plc has, on 8 May 2015, a total of 259,562,434 shares and votes and
the Company holds in total 4,244,717 of its own shares in treasury.

The  minutes of the Annual General Meeting  will be available on the internet at
the Company's website www.afarakgroup.com at the latest on 22 May 2015.


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 OMX
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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