AFARAK GROUP: (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT

10:00 London, 12:00 Helsinki, 17 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 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 shareholders Joensuun Kauppa ja Kone Oy and Esa Hukkanen (the "shareholders").

In accordance with the flagging notification, the shareholders have agreed to use their voting rights togetherin Afarak Group Plc and their agreement has resulted in them having their shareholding to be above 5% becoming a 6.05% 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
An agreement between two shareholders to use voting rights together in the issuer company

3. Date of agreement
14 March 2017 

4. The holding of the shareholders in Afarak is the following:

Name of shareholder	Number of shares	% shares	Number of voting rights	% voting rights
Joensuun Kauppa	12322240	4.68	12322240	4.68
Esa Hukkanen	3602905	1.37	3602905	1.37

5. Name and addresses of the shareholders

Joensuun Kauppa Raatekankaantie 4, 80100 Joensuu Finalnd

Esa Hukkanen Kansankatu 46 A 21, 90100 Oulu Finland

AFARAK GROUP PLC
Guy Konsbruck
CEO

FLAGGING NOTIFICATION EN

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Source: Afarak Group via Globenewswire