AFARAK SERVED NOTICE OF ARBITRATION

12:00 London, 14:00 Helsinki, 27 March 2014 - Afarak Group Plc, Stock Exchange Release

AFARAK SERVED NOTICE OF ARBITRATION

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that the Company has been served a notice of arbitration by Chinese Suzhou Kaiyuan Chemical Co. Ltd.

Chinese Suzhou Kaiyuan Chemical Co. Ltd has made a claim of EUR 2.66 million, at current exchange rates, which relates to a chrome ore sales agreement entered into by Chromex Mining Plc ("Chromex") prior to the acquisition of Chromex by Afarak together in a joint venture with Kermas Limited. The claim has been served on Afarak's marketing arm RCS Limited and various companies which form part of the Chromex joint venture. The place of arbitration is Shanghai, China. The Company will strongly contest the claim and aims to resolve the matter as soon as possible.

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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Source: Afarak Group via Globenewswire

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