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2015-05-21

Afarak Group: AFARAK ANNOUNCES CHANGES IN THE MANAGEMENT AND APPOINTS CHIEF EXECUTIVE OFFICER

16:00 London, 18:00 Helsinki, 21 May 2015 - Afarak Group Plc, Stock Exchange
Release
AFARAK ANNOUNCES CHANGES IN THE MANAGEMENT AND APPOINTS CHIEF EXECUTIVE
OFFICER
The board of directors of Afarak Group Plc ("Afarak" or the "Company"),
appointed on 8 May 2015, announces today changes in the Company's management
structure so that its current executive management team and board member Dr
Alistair Ruiters is appointed new Chief Executive Officer ("CEO") of the
Company. The current CEO, Dr. Danko Koncar, will then focus on the
operational matters of the Company as Business Development Director,
reporting to the CEO. Dr Ruiters will continue to serve as a board member of
the Company. Further, Mr Michael Lillja, currently head of marketing and a
board member, will take on the responsibilities of Marketing Director while
continuing as a board member. The changes have been agreed to take immediate
effect.

The current executive management team is as follows
Dr. Alistair Ruiters, CEO
Dr. Danko Koncar, Business Development Director
Michael Lillja, Marketing Director

Furthermore, the board has also reviewed the composition of the board
committees. The new committees are as follows:

Audit Committee
Barry Rourke, Chairman
Markku Kankaala
Ivan Jakovcic

The Nomination and Remuneration committee
Jelena Manojlovic, Chairman
Markku Kankaala
Ivan Jakovcic

The Committee for Health Safety and sustainable development
Alfredo Parodi, Chairman
Michael Lillja
Markku Kankaala
AFARAK GROUP PLC
THE BOARD OF DIRECTORS
For additional information, please contact:

Afarak Group Plc

Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki
Office),aruiters@afarak.co.za
Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com
Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarakgroup.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

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