REG-RESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING

Afarak SEAnnouncement

Tue 13:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260609:nGNE6FGFGr&default-theme=true


13:10 London, 15:10 Helsinki, 9 June 2026 - Afarak Group SE ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

RESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING

Stock Exchange Release

Afarak Group SE’s Annual General Meeting was held in Helsinki on 9 June
2026.

The AGM adopted the financial statements and the consolidated financial
statements and discharged the members of the Board of Directors and the CEO
from liability for the financial period 2025.

The AGM resolved that no dividend would be paid for 2025. The AGM authorized
the Board of Directors to resolve in its discretion on the distribution of an
aggregate maximum of EUR 0.01 per share as dividend from the retained earnings
and/or as assets from the reserve for invested unrestricted equity. The
authorization is valid until the next Annual General Meeting in 2027. The
Board will make separate resolutions on the amount and timing of distribution
of the dividend and/or assets from the reserve for invested unrestricted
equity. The Company shall make a separate announcement of such Board
resolution. The AGM also adopted the Remuneration Report for the Company’s
governing bodies.

THE BOARD OF DIRECTORS
The AGM resolved that the Board of Directors would comprise of three (3)
members: Dr Jelena Manojlovic (UK citizen), Mr. Thorstein Abrahamsen
(Norwegian citizen) and Mr. Julien Duniague (Swiss citizen) were re-elected as
Board members

The AGM resolved that the Non-executive Board Members shall be paid EUR 5,000
per month and the Chairman of the board shall be paid an additional EUR 1,500
per month. Non-Executive Board Members who serve on the Board's Committees
shall be paid additional EUR 1,500 per month for committee work. Those members
of the Board of Directors that are executives of the Company are not entitled
to receive any remuneration for Board membership. Board Members shall be
compensated for travel and accommodation expenses as well as other costs
directly related to Board and Committee work in accordance with the company's
travel rules.

THE AUDITOR
The AGM resolved that the Company will pay the fee to the auditor against an
invoice that is inspected by the Company and that according to the
recommendation by the Audit Committee, the Authorised Public Accountant
Tietotili Audit Oy was re-elected as the Auditor of the Company. Tietotili
Audit Oy has informed the Company that the individual with the principal
responsibility at Tietotili Audit Oy, is Authorised Public Accountant Urpo
Salo.

AUTHORIZATION TO THE BOARD OF DIRECTORS TO DECIDE UPON SHARE ISSUE AND UPON
ISSUING OTHER SPECIAL RIGHTS THAT ENTITLE TO SHARES
The AGM resolved to authorize the Board of Directors to issue shares and stock
options and other special rights that entitle to shares in one or more
tranches up to a maximum of 250,000,000 new shares or shares owned by the
Company. This equates to approximately 90.24 % of the Company's currently
registered shares. The authorization may be used among other things to raise
additional finance and enabling corporate and business acquisitions or other
arrangements and investments of business activity or for employee incentive
and commitment schemes. By virtue of the authorization, the Board of Directors
can decide both on share issues
against payment and on share issues without payment. The payment of the
subscription price can also be made with consideration other than money. The
authorization contains the right to decide on derogating from shareholders'
pre-emptive right to share subscriptions provided that the conditions set in
the Finnish Companies' Act are fulfilled. The authorization replaces all
previous authorizations and it is valid two (2) years from the decision of the
Annual General Meeting.

THE MEETING OF THE BOARD OF DIRECTORS
Following the AGM, the Board of Directors held a meeting in which Mr Thorstein
Abrahamsen was unanimously re-elected as the Chairperson. The Board Committees
and their composition are as follows:

Audit and Risk Management Committee
Julien Duniague, chairperson
Jelena Manojlovic
Thorstein Abrahamsen

Remuneration and Nomination Committee
Jelena Manojlovic, chairperson
Thorstein Abrahamsen
Julien Duniague

Health, Safety and Sustainable Development Committee
Thorstein Abrahamsen, chairperson
Jelena Manojlovic
Julien Duniague 
Guy Konsbruck
Stefano Bonati
Kylie Gauci

OTHER INFORMATION
Afarak Group SE has, on 9 June 2026, a total of 277,041,814 shares and votes
and the Company holds in total 15,641,514 of its own shares in treasury.

The minutes of the Annual General Meeting will be available on the internet at
the Company's website www.afarak.com at the latest on 23 June 2026.

IN HELSINKI, ON 9 JUNE 2026

AFARAK GROUP SE
Guy Konsbruck
CEO

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