AFARAK GROUP SE

CHANGE IN CORPORATE MANAGEMENT

21:30 London, 23:30 Helsinki, 7 November 2023 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP SE: CHANGE IN CORPORATE MANAGEMENT

Stock Exchange Release

The Board of Directors of the Company has today appointed Christoph Kemper, General Manager of Elektrowerk Weisweiler GmbH (“EWW”), as the Chief Technical Officer of Afarak Group as of 7 November 2023. Christoph Kemper will also continue in his current position in EWW.

Helsinki, November 7, 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