HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN A...

11:30 London, 13:30 Helsinki, 2 May 2014 - Afarak Group Plc, Stock Exchange Release

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)

 

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has on 1 May 2014 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Hino Resources Co. Ltd ("Hino"), a company incorporated and existing under the laws of Hong Kong, regarding the shares of Afarak.

In accordance with the flagging notification, Hino has completed an acquisition of shares in Afarak Group Plc and the transaction has resulted in Hino increasing above 20 per cent and becoming a 21.29 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
Acquisition of shares

3. Date when the holdings have changed
30 April 2014

4. As a result of the transaction, the holding of Hino Resources Co. Ltd in Afarak is the following:

Number of shares	% of shares	Number of voting rights	% of voting rights
52,881,903	21.29	52,881,903	21.29

5. Name and address of the shareholder
Hino Resources Co. Ltd

Room 904, Tai Tung Building

8 Fleming Road, Wanchai

Hong Kong

AFARAK GROUP PLC
Danko Koncar
CEO

For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, [phone], [e-mail]

Investec Bank Plc
Jeremy Wrathall, [phone]

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

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

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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#1782234