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10:45 London, 12:45 Helsinki, 25 May 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP REPORTS A FATALITY AT ITS TAVAS MINE

It is with deepest regret that we confirm an unexpected fatal accident at Tavas underground mine in Turkey during second shift on 24 May 2022.

Due to collapsed upper level of ore body, one experienced underground team worker passed away. The investigations of the causes of the accident are continuing in situ and more information will be available once the investigations are complete.

Afarak Group extends its deepest sympathy with the Family of the worker.

Helsinki, May 25, 2022

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, [email protected]

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


Afarak is a global vertically-integrated producer of speciality alloys with operations in South Africa, Turkey, Germany, London, Helsinki and Malta. Recognised as a critical metal producer, Afarak supplies world leading companies in a broad range of industries across the globe. Afarak is listed on the NASDAQ OMX Helsinki Stock Exchange and the London Stock Exchange.