REG-AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE

Afarak SEAnnouncement

28/05/2025 16:00

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15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE

The resolution adopted by Afarak’s Extraordinary General Meeting held on 29
January 2025 regarding the reduction of the Company’s share premium reserve
by EUR 25,223,189.79 has been executed today.

Following the reduction, the amount of the share premium reserve recorded in
Afarak’s balance sheet is zero. The reduced amount has been transferred to
the reserve for invested unrestricted equity.

The reduction of the share premium reserve had no effect on the number of
shares in the Company.

IN HELSINKI, ON 28 MAY 2025

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