AFARAK GROUP: DIRECTED SHARE ISSUE UPDATE

07:05 London, 09:05 Helsinki, 8 November 2013 - Afarak Group Plc, Stock Exchange Release

AFARAK GROUP: DIRECTED SHARE ISSUE UPDATE

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that further to the announcement of 10 July 2013 and the update provided on 15 August 2013 in the Q2 report, the Company continues to negotiate the intended share issue with Sail Resources Pte and currently expects to complete negotiations by the end of the year.

The contemplated share issue would consist of up to five million (5,000,000) new ordinary shares (the "Shares") representing approximately 2.01 per cent of the current issued share capital and 2.05 per cent of the total voting rights of the Company prior to  the share issue. Sail Resources Pte is a Singapore-based customer of Afarak and operates in the commodities market.

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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Source: Afarak Group via Thomson Reuters ONE

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