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CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS

CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS

16:00 London, 18:00 Helsinki, 11 November 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS

Stock Exchange Release

Mr Barry Rourke and Mrs Yolanda Bolleurs have submitted their resignations from the Board of Directors.

On behalf of the Company, the Board of Directors would like to thank Mr Rourke for his service and valuable contribution to the Company over the years. Mr Rourke was appointed to the Board of Afarak on 8 May 2015 and served as Chairman of the Audit Committee between May 2015 and  June 2019,  and Chairman of the Board between June  2019 and November 2019.

Furthermore, the Board of Directors would like to thank Mrs Bolleurs for her service and valuable support to the Company this year. Mrs Bolleurs was appointed to the Board of Directors of Afarak Group Plc 25 June 2019 and served as Chairman of the Audit Committee between June 2019 and November 2019.

While thanking Mr Rourke and Mrs Yolanda Bolleurs for their service to the Company, the Board of Directors wishes them further successes in their future endeavours.

Mr Thorstein Abrahamsen has been named Chairman of the Board of Directors, he has served as independent Director of the Board of Afarak Group plc since May 23rd 2017.

The whole Board will also take over the work of different Committees.

The Company welcomes Mr Thorstein Abrahamsen in his new role and wishes him further success in realizing the Company’s goals and objectives.

Helsinki, November 11, 2019

Afarak Group Plc

Board of Directors

For additional information, please contact:
Guy Konsbruck, CEO, +356 2122 1566, [email protected]

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

Quick facts: Afarak Group PLC

Price: 37.5

Market: LSE
Market Cap: £88.89 m
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