Afarak Group Plc - Company Announcement

AFARAK GROUP SIGNS A 3-YEAR AGREEMENT WITH GLOBAL LEADING MANUFACTURER FOR SALE OF LOW CARBON FERRO CHROME

10:00 London, 12:00 Helsinki, 07 April 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, OMX: AFAGR)

AFARAK GROUP SIGNS A 3-YEAR AGREEMENT WITH GLOBAL LEADING MANUFACTURER FOR SALE
OF LOW CARBON FERRO CHROME

Afarak Group plc ("Afarak" or the "Company) (LSE: AFRK, NASDAQ: AFAGR) announces
that  it has entered into long-term agreement with a world-leading developer and
manufacturer of products made from advanced stainless steel and special alloys.
Afarak  will  supply  Low  Carbon  Ferro  Chrome  produced  at  its wholly-owned
subsidiary Eschweiler-Weisweiler plant in Germany.

Dr  Alistair Ruiters,  CEO of  Afarak, said  "This long-term  agreement confirms
Afarak's  reputation  as  a  leading  supplier  of  speciality  Low Carbon Ferro
Chrome.   By  being  a  vertically-integrated  Group  we  are able to supply our
customers with their specific alloy requirements and this agreement confirms our
commitment  to quality  and to  our clients.   Today, Afarak continues to supply
leading  market leaders  in a  variety of  sectors including  aerospace, nuclear
energy and oil & gas."

This  agreement  comes  on  the  back  of  another 3-year sales agreement Afarak
concluded  with  US  company  Carpenter  Technology Corporation. These long-term
agreements continue to position Afarak as a leading specialist alloys producer.

Contact:

Media

Jean Paul Fabri
PR & Communications Manager
jp.fabri@afarak.com


About Afarak

Afarak  is a  vertically-integrated specialist  alloys company.   Throughout its
various  operations  in  South  Africa,  Turkey  and  Germany,  Afarak extracts,
processes,  markets  and  trades  its  specialised  metals.  Trusted by a highly
diversified  customer  base  that  includes  industry leaders from the aviation,
nuclear,  oil &  gas and  automotive sectors;  the Company  is able to produce a
unique  alloy mix for every customer. As the Company aims to create value across
the   product-chain,   Afarak  remains  committed  to  sustainable  development,
investment   and   to   delivering  a  healthy  financial  performance  for  its
shareholders.  Afarak is listed on the Helsinki Stock Exchange (AFAGR (OMX)) and
the London Stock Exchange (AFRK).



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