AFARAK GROUP PLC HAS FILED AN APPLICATION FOR A PERMISSION TO APPEAL AND AN APPEAL TO THE SUPREME ADMINISTRATIVE COURT ON THE HELSINKI ADMINISTRATIVE COURT DECISION

14:30 London, 16:30Helsinki, 25 February 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC HAS FILED AN APPLICATION FOR A PERMISSION TO APPEAL AND AN APPEAL TO THE SUPREME ADMINISTRATIVE COURT ON THE HELSINKI ADMINISTRATIVE COURT DECISION
Stock Exchange Release

On 26 January 2021 Afarak released information that Helsinki Administrative Court did not amend the penalty payment of EUR 1 450 000 imposed by FIN-FSA to Afarak for failures relating to disclosure of inside information and maintenance of insider lists.

Afarak has today filed an application for a permission to appeal and an appeal to the Supreme Administrative Court on the decision of the Helsinki Administrative Court.

The Company will update the market in due course about the next steps in the process.

Helsinki, February 25, 2021

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
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www.afarak.com