AFARAK GROUP - DISTRIBUTION AGREEMENT SIGNED

04 February 2016 - Afarak Group Plc, Stock Exchange Release

AFARAK GROUP - DISTRIBUTION AGREEMENT SIGNED

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that its wholly owned subsidiary Afarak Trading Limited (RCS) has entered into a long-term agreement with US company Carpenter Technology Corporation. Carpenter Technology Corporation has been producing specialty alloys for more than a century and their specialty alloys have been used in a variety of mission-critical commercial aerospace applications, including components for airframes, pneumatic ducting, turbine engines, landing gear and a multitude of other high performance applications found in the aerospace industry.

Afarak Trading Limited will provide Low Carbon Ferro Chrome produced at Elektrowerk Eschweiler-Weisweiler in Germany, another wholly owned subsidiary of Afarak Group Plc. The vertical integration of Afarak Group and its consistent quality are important factors considered in the risk analysis by aerospace suppliers.

AFARAK GROUP PLC
Alistair Ruiters
CEO


For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, tel [phone] (Helsinki Office), [e-mail]

Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with speciality alloys business in Europe and ferro alloys business in southern Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarak.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarak.com

---

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

HUG#1983842