13:30 London, 15:30 Helsinki, 22 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT)

 Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from a group of shareholders (the "shareholders").

In accordance with the flagging notification, the shareholders have agreed to use their voting rights together in Afarak Group Plc and their agreement has resulted in them having their shareholding to be above the 10% benchmark, becoming a 10.01% per cent holder of the shares and voting rights in Afarak.  Their total of shares and voting rights stands at 26,325,048.

1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
An agreement between shareholders to use voting rights together in the issuer company

3. Date of agreement
22 March 2017

4. The holding of the shareholders in Afarak is the following:

Name of shareholder % shares % voting rights
Joensuun Kauppa 4.73 4.73
Esa Hukkanen 1.37 1.37
Markku Kankaala 2.69 2.69
Kari Kakkonen 0.36 0.36
Timo Kamkaala 0.07 0.07
Juhani Lemmetti 0.38 0.38
Antti Kivimaa 0.12 0.12
Juha Halttunen 0.09 0.09
AJ Elite Value Hedge 0.10 0.10
Veikko Karhulahti 0.09 0.09

AFARAK GROUP PLC
Guy Konsbruck, CEO

FLAGGING NOTICE 22 MARCH 2017


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire
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