AFARAK MOGALE (PTY) LTD (IN BUSINESS RESCUE) - EXTENSION OF THE PUBLICATION DATE OF THE BUSINESS RESCUE PLAN

11:15 London, 13:15 Helsinki, 27 May 2020 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK MOGALE (PTY) LTD (IN BUSINESS RESCUE) - EXTENSION OF THE PUBLICATION DATE OF THE BUSINESS RESCUE PLAN

Stock Exchange Release

The business rescue practitioners in Mogale informed all stakeholders that the request to postpone the publication date for the proposed business rescue plan, in terms of the provisions of Section 150 (5)(b) of the Companies Act, has been supported by the requisite majority of creditors.

The production on P1 furnace has also resumed in the meantime.

Helsinki, May 27, 2020

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

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