AFARAK GROUP SELLS ZEERUST MINE ASSETS

Core Viewpoint - Afarak Group SE has approved the sale of Zeerust's Chrome Mine assets to PLANTCOR MINING AND PLANT HIRE for ZAR 40 million, which is expected to positively impact the company's financial results in 2025 and aid in working capital management [1][2]. Group 1: Transaction Details - The sale includes the plant, assets, and mining rights of Zeerust's Chrome Mine located in South Africa [1]. - The total purchase price for the transaction is ZAR 40 million, approximately 2 million euros, to be paid within the next five working days [2]. Group 2: Financial Impact - The transaction is anticipated to have a positive effect on Afarak Group's financial results in 2025 [2]. - It will contribute to facilitating working capital management for the company [2]. Group 3: Company Overview - Afarak Group is a specialist alloy producer with operations in southern Europe and South Africa, focusing on sustainable growth through its Speciality Alloys and FerroAlloys businesses [3]. - The company is listed on NASDAQ Helsinki and the London Stock Exchange [3].