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, [phone], [e-mail]

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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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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