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

AFARAK GROUP REPURCHASES 10% OF THE SHARES HELD BY THE MOGALE ALLOYS TRUST

Afarak  Group is pleased to announce an  agreement between Afarak Mogale and the
Mogale Alloys Workers Trust on the purchase of all the shares the Trust holds in
Afarak Mogale.

In  2009; Ruukki Group, today  Afarak Group, acquired  90% of Afarak Mogale. The
remaining 10% was held by the Mogale Alloys Workers Trust. For the past 5 years,
numerous  requests  have  been  made  by  the beneficiaries of the Mogale Alloys
Workers  Trust for  Afarak Group  to acquire  the additional 10%.  After several
years  of negotiation,  an agreement  was finally  reached between the Trust and
Afarak  Mogale, with the  approval of the  majority of the  beneficiaries of the
Trust.  Afarak Mogale has put forward an offer of ZAR64.9 million to acquire the
remaining 10% in a share buy-back scheme that will see the shares transferred to
Afarak Mogale over an 8-year period.

Willem  Smith, managing director of Afarak Mogale, expressed his satisfaction at
the  conclusion of  negotiations. He  further added  that he felt confident that
management  and  employees  were  now  fully  aligned  on  the  shareholding and
incentive  structure  of  Afarak  Mogale  and  this  should  usher  a new era of
industrial relations.

Guy  Konsbruck, CEO of  Afarak Group said  that, "This buy-back  is an important
element in consolidating our position in South Africa.  I would like to thank Dr
Alistair  Ruiters, the  former CEO,  and the  team at  Mogale for concluding the
negotiations."

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Priedai:

PR MOGALE ALLOYS TRUST EN.pdf