Afarak Group Plc - Company Announcement

AFARAK GROUP PLC - SALE OF SAW MILL EQUIPMENT POSITIVELY EFFECTS Q4 PROFIT FOR THE PERIOD

5 January 2016 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX:
AFAGR)

AFARAK GROUP PLC - SALE OF SAW MILL EQUIPMENT POSITIVELY EFFECTS Q4 PROFIT FOR
THE PERIOD


Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) refers to
its announcement from 2nd January 2015 regarding the sale of saw mill equipment
and announces that it has concluded further agreements for the sale of parts of
the saw mill equipment, acquired by the Company in 2008.

The agreements have been signed in December 2015. Payments received in 2015
amount to EUR 660,000 with the remaining balances to be paid in instalments
during Q1 and Q2 of 2016. The sales will be completed by 30th April 2016. The
total cash inflow from this transaction will be EUR 1,640,000.

The transaction from discontinued operation positively affects the Q4/2015
profit for the period by EUR 782,286, resulting partly from the release of
provision, but does not have an effect on EBITDA or EBIT and consequently the
outlook of the Company remains unchanged.


AFARAK GROUP PLC
Alistair Ruiters
CEO

For additional information, please contact:

Afarak Group Plc
Alistair Ruiters, CEO, +358 50 372 1130, alistair.ruiters@afarak.com
Melvin Grima, Finance Director, +356 2122 1566, melvin.grima@afarak.com

Financial reports and other investor information are available on the Company's
website: www.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
FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki
(AFAGR) and the Main Market of the London Stock Exchange (AFRK).

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


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