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AFAGR — Afarak SE News Story

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AFARAK GROUP'S CEO CHANGES

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Afarak Group SE         Inside information,         12 October
2023 at 14:00 EET

AFARAK GROUP’S CEO CHANGES

Afarak Group SE’s (“Afarak Group” or “Company”) CEO Dr Roman Lurf
has resigned from his position as the CEO of the Company on 12(th) October
2023. The resignation entered into force with immediate effect.

The Board of Directors of the Company has appointed Mr Guy Konsbruck as the
CEO of Afarak Group effective as of 12(th) October 2023.

Mr Guy Konsbruck has served as the CEO of Afarak Group between 15(th) January
2017 and 30(th) June 2023. Mr Guy Konsbruck has also been a Member of the
Board of Directors of the Afarak Group since 5(th) February 2018.

Helsinki, 12(th) October 2023

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com

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

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