AFARAK GROUP

PRODUCTION REPORT Q1 2020

16:00 London, 18:00 Helsinki, 30 April 2020 - Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)

Production report Q1 2020

The overall production during the first quarter of 2020 contracted by 42.6% when compared to same period of prior year.

			Q1/2020	Q1/2019	Change	FY 2019
	Group production	mt	76,405	133,217	-42.6%	426,774
	Mining	mt	59,949	109,718	-45.4%	357,557
	Processing	mt	16,456	23,499	-30.0%	69,217
	Speciality Alloys production	mt	27,168	24,439	11.2%	100,765
	Mining	mt	19,105	17,286	10.5%	75,251
	Processing	mt	8,063	7,153	12.7%	25,515
	FerroAlloys production	mt	49,237	108,778	-54.7%	326,008
	Mining	mt	40,844	92,432	-55.8%	282,306
	Processing	mt	8,393	16,346	-48.7%	43,702

Mining