AFARAK GROUP: CHANGES IN THE MANAGEMENT TEAM

13:10 London, 15:10 Helsinki, 18 December 2013 - Afarak Group Plc, Stock Exchange Release

AFARAK GROUP: CHANGES IN THE MANAGEMENT TEAM

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that Mr Stefano Bonati will leave his position as Chief Commercial Officer and steps down from the Afarak Executive Management Team. Mr Bonati will continue his duties, as a consultant, for the Company. Mr Michael Lillja, an Executive Director and Head of Marketing of RCS, the Company's marketing arm, replaces Mr Bonati in the Executive Management Team.

The composition of the new Executive Management of Afarak is as follows as of 18 December 2013: Dr Danko Koncar, CEO; Dr Alistair Ruiters, Executive Chairman, Afarak South Africa; and Mr Michael Lillja, Head of Marketing.

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

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