COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES

COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCESStock Exchange Release Following the merger control applications in relation to combination of Afarak and LL-Resources GmbH, Austrian Federal Competition Authority and German Federal Cartel Office have granted necessary clearances and approvals so that the Transaction can be executed. Furthermore, Austrian Federal Ministry of Labour and Economy (Bundesministerium für Arbeit und Wirtschaft) has given FDI clearance and...

COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES

Stock Exchange Release

Following the merger control applications in relation to combination of Afarak and LL-Resources GmbH, Austrian Federal Competition Authority and German Federal Cartel Office have granted necessary clearances and approvals so that the Transaction can be executed. Furthermore, Austrian Federal Ministry of Labour and Economy (Bundesministerium für Arbeit und Wirtschaft) has given FDI clearance and approval for the Transaction pursuant to the Austrian Investment Control Act.

The combination of Afarak and LL-Resources GmbH is moving along as planned and the Transaction is expected to be completed by the end of the year 2023.

Helsinki, August 3, 2023

AFARAK GROUP SE

Board of Directors

For additional information, please contact:

Roman Lurf, CEO, +436641135012, [email protected]

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