REG-AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Afarak SEAnnouncement

20/01/2026 10:30

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10:15 London, 12:15 Helsinki, 20 January 2026 - Afarak Group SE ("Afarak" or
"the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH
SECURITIES MARKETS ACT
Stock Exchange Release

Afarak Group SE has on 19 January 2026 received a flagging notification from
Jorma Nieminen pursuant to Chapter 9, Section 5 of the Finnish Securities
Markets Act, stating that the combined ownership of Jorma Nieminen and his
companies 4capes Oy and Osuusasunnot Oy in Afarak’s shares has exceeded the
5 percent threshold.

According to the notification, the direct and indirect shareholding of Jorma
Nieminen in Afarak has increased to 13,897,071 shares, corresponding to 5.02
percent of Afarak’s total number of shares and voting rights.

Total positions of person subject to the notification:

                                                                            % shares and voting rights  % of shares and voting rights through financial instruments  % of total  Total number of shares and voting rights of issuer  
 Resulting situation on the date on which threshold was crossed or reached  5.02                        0                                                            5.02        277 041 814                                         

Information on amounts regarding shareholding and voting rights following when
the threshold was crossed:
A: Shares and voting rights:

 Class/type of shares  Number of shares and voting rights              % of shares and voting rights                 
                       Direct (SMA 9:5)    Indirect (SMA 9:6 and 9:7)  Direct (SMA 9:5)  Indirect (SMA 9:6 and 9:7)  
 FI0009800098          4 586 400           9 310 671                   1.66              3.36                        
 SUBTOTAL A            13 897 071                                      5.02                                          

Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

 Name            % of shares and voting rights  % of shares and voting rights through financial instruments  Total of both  
 Jorma Nieminen  5.02                           0                                                            13 897 071     

Helsinki, January 20, 2026

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