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AFARAK GROUP SE: PUBLICATION OF CIRCULAR

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08:00 London, 10:00 Helsinki, 31 May 2023 - Afarak Group SE ("Afarak" or
"the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP SE: PUBLICATION OF CIRCULAR

Stock Exchange Release

Afarak announces that, further to the announcement (Invitation to the Annual
General Meeting) published earlier today, the Company has prepared the
attached Circular in connection with the proposed related party transaction.
The proposed related party transaction concerns combining LL-resources GmbH
into Afarak as set out in the terms and conditions of the Combination
Agreement.

Terms and expressions in this announcement shall, unless the context otherwise
requires, have the same meanings as given to them in the Circular.

Circular is available also on the Company's website at
https://afarak.com/investors/shareholder-meetings/

Helsinki, May 31, 2023

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Afarak Group SE

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


Attachment
*     Circular 20230531
(https://ml-eu.globenewswire.com/Resource/Download/9194448e-dca0-460f-88bc-a6acdee2a1d3)

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