SLIGHT DECREASE IN FERROCHROME BENCHMARK PRICE

15:15 London, 17:15 Helsinki, July 3, 2018 - Afarak Group Plc ("Afarak" or "the Company")

SLIGHT DECREASE IN FERROCHROME BENCHMARK PRICE

Shareholders of the Company are advised that the European benchmark ferrochrome price has been settled at USD138 cents per pound for the third quarter of 2018, down 2.8% from the USD142 cents per pound in the previous quarter. This price is however 25.5% higher than benchmark for quarter three 2017 which stood at USD110 cents per pound.

Guy Konsbruck
CEO

For additional information, please contact:

Guy Konsbruck, CEO, [phone], [e-mail]

Jean Paul Fabri, [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

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Source: Afarak Group via Globenewswire