10:00 London, 12:00 Helsinki, 17 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
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 shareholders Joensuun Kauppa ja Kone Oy and Esa Hukkanen (the "shareholders").
In accordance with the flagging notification, the shareholders have agreed to use their voting rights togetherin Afarak Group Plc and their agreement has resulted in them having their shareholding to be above 5% becoming a 6.05% per cent holder of the shares and voting rights in Afarak.
1. Name of the target company
Afarak Group Plc
2. Basis for the flagging obligation
An agreement between two shareholders to use voting rights together in the issuer company
3. Date of agreement
14 March 2017
4. The holding of the shareholders in Afarak is the following:
| Name of shareholder | Number of shares | % shares | Number of voting rights | % voting rights |
| Joensuun Kauppa | 12322240 | 4.68 | 12322240 | 4.68 |
| Esa Hukkanen | 3602905 | 1.37 | 3602905 | 1.37 |
5. Name and addresses of the shareholders
| Joensuun Kauppa Raatekankaantie 4, 80100 Joensuu Finalnd | Esa Hukkanen Kansankatu 46 A 21, 90100 Oulu Finland |
AFARAK GROUP PLC
Guy Konsbruck
CEO
