10:15 London, 12:15 Helsinki, 12 June 2023 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

Afarak Group SE - Managers' Transactions

____________________________________________
Person subject to the notification requirement
Name: GK Consulting S.A.R.L.
Position: Closely associated person
(X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer
Name: Guy Konsbruck
Position: Chief Executive Officer
Issuer: Afarak Group SE
LEI: 743700KOUL1GQQQREP40
Notification type: INITIAL NOTIFICATION
Reference number: 33322/5/6

____________________________________________
Transaction date: 2023-06-07
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009800098
Nature of transaction: DISPOSAL

Transaction details
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Aggregated transactions (100):
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____________________________________________
Transaction date: 2023-06-07
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009800098
Nature of transaction: DISPOSAL

Transaction details
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Aggregated transactions (101):
Volume: 331658 Volume weighted average price: 0.53081 EUR
____________________________________________
Transaction date: 2023-06-07
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009800098
Nature of transaction: DISPOSAL

Transaction details
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Aggregated transactions (96):
Volume: 76363 Volume weighted average price: 0.53137 EUR
____________________________________________
Transaction date: 2023-06-08
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009800098
Nature of transaction: DISPOSAL

Transaction details
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(2): Volume: 5892 Unit price: 0.5305 EUR
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(4): Volume: 1071 Unit price: 0.531 EUR
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(11): Volume: 3500 Unit price: 0.534 EUR

Aggregated transactions (11):
Volume: 45902 Volume weighted average price: 0.53098 EUR

Helsinki, June 12, 2023

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Afarak Group SE

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