Afarak Group Plc - Other information disclosed according to the rules of the Exchange

PROFIT WARNING: AFARAK EXPECTS SIGNIFICANTLY BETTER QUARTER ONE RESULTS

12:00 London, 14:00 Helsinki, 27 April 2017 - Afarak Group Plc ("Afarak" or "the
Company")



PROFIT WARNING: AFARAK EXPECTS SIGNIFICANTLY BETTER QUARTER ONE RESULTS



Afarak  increased its revenue substantially in Q1/2017 when compared to Q1/2016.
The   increase  in  chrome  ore  and  ferrochrome  market  prices  and  Afarak's
progression  in production,  both in  Germany and  in South  Africa, contributed
significantly to this improved performance.

It  is expected  that quarter  one results  for 2017 will  be among  the highest
recorded  for the company  since it entered  the mineral business.   The EBIT is
expected to reach a level of not less than € 10 Million.

Afarak  will publish  its interim  report for  the first  quarter of 2017 on May
12(th), 2017.





Afarak Group plc

The Board of Directors



For additional information, please contact:

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com



Predrag Kovacevic, CFO, +356 2122 1566, pedja.kovacevic@afarak.com

Melvin Grima, Finance Director, +356 2122 1566, melvin.grima@afarak.com

Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.com

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Viðhengi:

PR Profit Warning EN.pdf