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

Afarak SEAnnouncement

03/06/2025 12:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250603:nGNE4szLqY&default-theme=true



11:45 London, 13:45 Helsinki, 3 June 2025 - Afarak Group SE ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)

RESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING

Afarak Group SE’s Annual General Meeting was held in Helsinki on 3 June
2025.

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 2024.

The AGM resolved that no dividend would be paid for 2024. The AGM authorized
the Board of Directors to resolve in its discretion on the distribution of an
aggregate maximum of EUR 0.005 per share as dividend from the retained
earnings and/or as assets from the reserve for invested unrestricted equity.
The authorization is valid until 31 December 2025. 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) and Mr. Thorstein Abrahamsen
(Norwegian citizen) were re-elected as Board members and Mr. Julien Duniague
(Swiss citizen) was elected as a new Board member.

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.

THE SUSTAINABILITY REPORTING ASSURER
The AGM resolved that the Company will pay the fee to the sustainability
reporting assurer against an invoice that is inspected by the Company and that
according to the recommendation by the Audit Committee, Authorized
Sustainability Audit Firm Tietotili Audit Oy was elected as the sustainability
reporting assurer of the Company. Tietotili Audit Oy has informed the Company
that the sustainability reporting assurer with the main responsibility would
be authorized sustainability auditor Urpo Salo.

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 3 June 2025, 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 17 June 2025.

IN HELSINKI, ON 3 JUNE 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