Afarak Group Plc - Total number of voting rights and capital

AFARAK BOARD RESOLUTION ON DIRECTED SHARE ISSUE

13.00 London, 15.00 Helsinki, 14 August 2015 - Afarak Group Plc, Stock Exchange
Release


AFARAK BOARD RESOLUTION ON DIRECTED SHARE ISSUE

The  Board of  Afarak Group  Plc ("Afarak"  or the  "Company") (LSE:  AFRK, OMX:
AFAGR)   announces that it has on 14 August 2015 resolved to offer 3,478,261 new
ordinary  shares in the Company ("New Shares") to Gujo Investment (Pty) Limited,
one  of the vendors of Mogale Alloys  (a company acquired in May 2009) under the
settlement  agreement announced on 11 October  2012. Following completion of the
share  issue, the consideration for the acquisition will be fully satisfied. All
of  the New  Shares have  been subscribed  for and  the subscriptions  have been
approved  by  the  Board  of  Directors.   The  total subscription price of EUR
1,739,130.50  (EUR  0.5 per  share)  has  been  fully  satisfied  through offset
against  the settlement receivables of  the Vendor related to the Mogale Alloys
acquisition.

The New Shares represent approximately 1.34 per cent of the current issued share
capital  and  approximately  1.36 per  cent  of  the  total voting rights of the
Company  prior to the share  issue. The New Shares  are offered in derogation of
the  pre-emptive subscription  right of  shareholders and  Board approval of the
share  issue  is  pursuant  to  the  authorisation granted by the Annual General
Meeting  to the  Board of  Directors 8 May  2015. The subscription price will be
recognized under the invested unrestricted equity fund.

The  New Shares are expected to be registered with the Finnish Trade Register on
21.08.2015. Following registration an application will be made to the UK Listing
Authority  and the London Stock Exchange for  admission to (i) the Official List
and  (ii) to trading  on the London  Stock Exchange's and  NASDAQ OMX Helsinki's
markets. Admission is expected to take place on 24.08.2015. The New Shares carry
shareholder  rights as of the registration  date with the Finnish Trade Register
and will rank pari passu with the Company's existing issued ordinary shares.

Following the issue of the New Shares, the total amount of shares in issue will
be increased by 3,478,261 from 259,562,434 to 263,040,695 ordinary shares of no
par value. 4,244,717 ordinary shares are held in treasury.


AFARAK GROUP PLC
Alistair Ruiters
CEO


For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki Office),
Alistair.ruiters@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
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarak.com

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



[HUG#1945683]

Attachments:

Terms and conditions.pdf