CHANGES REGARDING AFARAK GROUP SE’S TREAS...

12:30 London, 14:30 Helsinki, 17 January 2023 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

CHANGES REGARDING AFARAK GROUP SE ’S TREASURY SHARES

Stock Exchange Release

Pursuant to the share issue authorization granted by the Company's Annual General Meeting held on June 1, 2022, the Board of Directors has resolved on a directed share issue without payment. Based on the share issue 500,000 of the Company's treasury shares (“Shares”) have now been transferred to CEO Guy Konsbruck. The Shares form a part of the remuneration package under the CEO agreement.

After the execution of the share issue 6,541,514 treasury shares shall remain in the possession of Afarak, representing approximately 2.45 per cent of the total shares and votes of the Company.

Helsinki, January 17, 2023

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Afarak Group SE

Guy Konsbruck, CEO, [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