Afarak Group Plc - Company Announcement

Afarak Group: Flagging Notification

15:00 London,  17:00 Helsinki, 21 June 2016 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION
                   10 OF THE FINNISH SECURITIES MARKETS ACT)

    Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has
received a flagging notification in accordance with Chapter 9, Section 5 of the
 Finnish Securities Markets Act from Hino Resources Co. Ltd ("Hino"), a company
 incorporated and existing under the laws of Hong Kong, regarding the shares of
                                    Afarak.
   In accordance with the flagging notification, Hino has completed a sale of
 shares in Afarak Group Plc and the transaction has resulted in Hino decreasing
 its shareholding in the Company to under 15 per cent and becoming a 14.06% per
             cent holder of the shares and voting rights in Afarak.
                         1. Name of the target company
                                Afarak Group Plc
2. Basis for the flagging obligation
Sale of shares
3. Date when the holdings have changed
27 May 2016

4. As  a result  of the  transaction, the  holding of  Hino Resources Co. Ltd in
Afarak is the following:

 Number of shares % of shares Number of voting rights % of voting rights

 36,991,903       14.06%      36,991,903              14.06%


5. Name and address of the shareholder
Hino Resources Co. Ltd
Room 904, Tai Tung Building
8 Fleming Road, Wanchai
Hong Kong

AFARAK GROUP PLC
Dr Alistair Ruiters
CEO

For additional information, please contact:
Jean Paul Fabri, PR & Communications Manager,
+356 2122 1566, jp.fabri@afarak.com

Afarak Group Plc
Afarak Group plc (LSE: AFRK, NASDAQ: AFAGR), is a vertically-integrated global
producer of speciality alloys with operations in South Africa, Turkey and
Germany.


www.afarakgroup.com

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

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