AFARAK DIRECTED SHARE ISSUE

07:00 London, 09:00 Helsinki, 18 July 2014 - Afarak Group Plc, Stock Exchange Release


AFARAK DIRECTED SHARE ISSUE

Further to the announcement of 10 July 2014, the Board of Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that all of the 11,130,434 new ordinary shares of no par value ("New Shares") offered to the vendors of Mogale Alloys (the "Vendors") under the settlement agreement, as announced on 11 October 2012, have been subscribed for. The total subscription price of EUR 5,565,217 (EUR 0.5 per share) has been fully satisfied through offset against the settlement receivables of the Vendors related to the Mogale Alloys acquisition. The subscriptions have been approved by the Board of Directors.

The New Shares are expected to be registered with the Finnish Trade Register on 24 July 2014. Applications to the UK Listing Authority, the London Stock Exchange and NASDAQ OMX Helsinki will be made for the New Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange and NASDAQ OMX Helsinki, admission is expected to take place on 25 July 2014.

Following the issue of the New Shares, the total amount of shares in issue will be 259,562,434 ordinary shares of no par value of which 4,244,627 ordinary shares are held in treasury.

AFARAK GROUP PLC
BOARD OF DIRECTORS

For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, [phone],  [e-mail]

Investec Bank Plc
Jeremy Wrathall, [phone]

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 OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

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