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AFARAK GROUP PLC: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

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Afarak Group
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09:45 London, 11:45 Helsinki, 24 March 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Stock Exchange Release

Afarak Group Plc (“Afarak” or “Company”) has on 24 March 2021 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the flagging notification Afarak’s portion of the Company’s shares has fallen below the threshold of 5 per cent.

According to the notification, Afarak holds 6,073,991 treasury shares in Afarak, which corresponds to approximately 2.41 % of the total shares in Afarak as a result of the transaction that was executed on 23 March 2021 whereby Afarak transferred its treasury shares.

% shares and voting rights

% of shares and voting rights through financial instruments

% of total

Total number of shares and voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

2.41

0

2.41











252 041 814

Position of previous notification (if applicable)

Information on amounts regarding shareholding and voting rights following when the threshold was crossed:
A: Shares and voting rights:

Class/type of shares

Number of shares
and voting rights

% of shares and voting rights

Direct
(SMA 9:5)

Indirect
(SMA 9:6 and 9:7)

Direct
(SMA 9:5)

Indirect
(SMA 9:6 and 9:7)

FI0009800098

6 073 991

0

2.41

0

SUBTOTAL A

6 073 991

2.41

Helsinki, March 24, 2021

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com

Financial reports and other investor information are available on the Company's website: www.afarak.com.

Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media

www.afarak.com