Afarak Group Plc - Company Announcement

Afarak Group : Arbitration tribunal dismisses claim

12.00 London, 14.00 Helsinki, 14 July 2015 - Afarak Group Plc, Stock Exchange
Release

ARBITRATION TRIBUNAL DISMISSES CLAIM

Further  to the announcement of 27 March 2014, Afarak Group Plc ("Afarak" or the"Company")  (LSE: AFRK,  OMX: AFAGR)  is pleased  to announce  that the claim by
Chinese Suzhou Kaiyuan Chemical Co. Ltd has been withdrawn.

The  claim  of  approximately  EUR  2.66 million  was  brought  against Afarak's
marketing arm, RCS Limited, and various companies which form part of the Chromex
joint venture. The claim related to a chrome ore sales agreement entered into by
Chromex Mining Plc ("Chromex") prior to Chromex's acquisition by Afarak together
in a joint venture with Kermas Limited.

As  a result of the withdrawal, the Arbitration Tribunal has dismissed the claim
and  the claimant, Chinese Suzhou Kaiyuan Chemical Co. Ltd., has been ordered to
pay the full arbitration cost.


AFARAK GROUP PLC
Alistair Ruiters
CEO


For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki Office),
aruiters@afarak.co.za

Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarak.com

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

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