TIDMAFAGR 
 
 
   10:00 London, 12:00 Helsinki, 1 April 2021 - Afarak Group Plc ("Afarak" 
or "the Company") (LSE: AFRK, OMX: AFAGR) 
 
   RESULT WARNING: AFARAK GROUP RESSASSED ITS IMPAIRMENT TEST REVIEW 
 
   After the publication of the financial statement on 26 February 2021, 
the Board of directors reassessed the impairment test review deciding 
for an additional impairment of EUR 8.9 million on its South African 
mining business as reported in the Financial statements of Afarak Group 
plc published on 31 March 2021. In addition, a provision on a disputed 
tax claim amounting to EUR 0.9 million was recorded. 
 
   Helsinki, April 1, 2021 
 
   AFARAK GROUP PLC 
 
   Board of Directors 
 
   For additional information, please contact: 
 
   Afarak Group Plc 
 
   Guy Konsbruck, CEO, +356 2122 1566, 
https://www.globenewswire.com/Tracker?data=tho46yS8oivyNvZafcqsodGVBKiBlsa5dgow7ZJxwloM5RM-87baWKuLGApAHEBoUVDJgvTCBesbwStRQSyzsXLZivzEaY5jAhH_XyRDkLxr8p928JRGWrOLd_40w5zp 
guy.konsbruck@afarak.com 
 
 
 
 
 
   Financial reports and other investor information are available on the 
Company's website: 
https://www.globenewswire.com/Tracker?data=0f8l72aMcnO2mBrZO562LGlIz0wqhkKNe2oAk5PXuc33ZjtXYaauQSWL18piwZexkO78hscn4OUXV3Mj7wK-2Q== 
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 
 
   https://www.globenewswire.com/Tracker?data=0f8l72aMcnO2mBrZO562LGFgN8dNPKNAu1p-uG8EG8csA_xKArRlmn97A4SJZqqatwykAtmjhi5pgatHfnlQTg== 
www.afarak.com 
 
 
 
 

(END) Dow Jones Newswires

April 01, 2021 05:04 ET (09:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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