AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD

07:00 London, 09:00 Helsinki, 27 July 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD

Afarak Group has concluded the sale of all the remaining sawmill equipment acquired by the Company in 2008.  Following the announcements in 2015 and 2016, Afarak Group has concluded the sale of the remaining parts of the equipment in Q2 of 2017.

The latest and final sale of equipment amounting to EUR 900,000 was concluded towards the end of 2016 and the final payment of EUR 700,000 was received in Q2/2017.  This receivable has triggered the release of a provision of EUR 619,488.  As a result, this transaction will positively affect Q2 profit for the period by EUR 1,519,488.

AFARAK GROUP PLC
Guy Konsbruck
CEO

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, [phone], [e-mail]
Jean Paul Fabri, PR Manager, [phone], [e-mail]

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

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Source: Afarak Group via Globenewswire