Afarak Group Plc - Company Announcement

AFARAK UPDATES RESOURCE AND RESERVE STATEMENT FOR SOUTH AFRICAN ASSETS

15:30 London, 17:30 Helsinki, 1 November 2013 - Afarak Group Plc, Stock Exchange
Release

AFARAK UPDATES RESOURCE AND RESERVE STATEMENT FOR SOUTH AFRICAN ASSETS

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) is pleased
to announce an updated Resources and Reserves Statement for our assets in South
Africa.

Total chrome ore resources have increased significantly from 38.5 million tons
to 61.3 million tons with an average chrome oxide ("Cr2O3") grade of 36.71%.The
current reserves of chrome ore are 8.4 million tons with an average Cr2O3 grade
of 37.54%.

Furthermore,  the Company  is pleased  to publish  for the  first time a mineral
resources  and  reserves  statement  for  Platinum Group Metals ("PGMs 2E +Au").
Total resources of PGMs are stated as 2.67 million ounces of platinum, palladium
plus gold.

Danko Koncar, CEO comments:"The  significant  increase  of  our  total  resources  in  South Africa clearly
demonstrates  the quality of  Afarak's South African  assets. I'm also extremely
pleased  to announce the PGM  resources for the first  time. While Afarak is not
currently  engaged in  PGM mining,  this provides  us additional  options in the
future."

The  updated Resources  and Reserves  Statement of  the Company's  South African
assets  is attached to  this release and  available on the  Company's website at
www.afarakgroup.com.


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

[HUG#1740060]

Attachments:

RR-Statement.pdf