Core Points - The Annual General Meeting (AGM) of Afarak Group SE was held on June 3, 2025, in Helsinki, where the financial statements for 2024 were adopted and the Board of Directors and CEO were discharged from liability [1] - The AGM resolved that no dividend would be paid for 2024, but authorized the Board to distribute a maximum of EUR 0.005 per share from retained earnings or assets from the reserve for invested unrestricted equity, valid until December 31, 2025 [2] - The Board of Directors will consist of three members, with Dr. Jelena Manojlovic and Mr. Thorstein Abrahamsen re-elected, and Mr. Julien Duniague elected as a new member [3] - Non-executive Board Members will receive EUR 5,000 per month, with the Chairman receiving an additional EUR 1,500, and committee members receiving an extra EUR 1,500 for their work [4] - Tietotili Audit Oy was re-elected as the auditor of the Company, with Urpo Salo as the principal responsible auditor [5] - Tietotili Audit Oy was also elected as the sustainability reporting assurer, with Urpo Salo responsible for sustainability reporting [6] - Following the AGM, Mr. Thorstein Abrahamsen was re-elected as Chairperson of the Board, with specific committee compositions outlined [7] - The Company has a total of 277,041,814 shares, holding 15,641,514 shares in treasury as of June 3, 2025 [8] - Afarak Group specializes in alloy production, focusing on sustainable growth in its Specialty Alloys business in southern Europe and FerroAlloys business in South Africa, and is listed on NASDAQ Helsinki and the London Stock Exchange [10]

Core Points - Afarak Group SE has executed a resolution to reduce its share premium reserve by EUR 25,223,189.79, resulting in a balance of zero in the share premium reserve on its balance sheet [1][2] - The reduced amount has been transferred to the reserve for invested unrestricted equity, and this reduction did not affect the number of shares in the company [2] Company Overview - Afarak Group is a specialist alloy producer focused on sustainable growth, operating a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa [3] - The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange [3]

Group 1 - The resolution to reduce the share capital of Afarak Group SE by EUR 22,642,049.60 has been registered in the Finnish Trade Register [1][2] - Following the reduction, the company's share capital now amounts to EUR 1,000,000, with no effect on the number of shares [2] - The reduced amount has been transferred to the reserve for invested unrestricted equity as per the resolution [2] Group 2 - Afarak Group is a specialist alloy producer focused on sustainable growth, operating a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa [3] - The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange [3]

Core Insights - Afarak Group's production in Q1 2025 increased by 15.2% compared to the same period last year [2][3] Production Summary - Speciality Alloys production reached 26,961 metric tons (mt) in Q1 2025, up from 23,411 mt in Q1 2024, reflecting a 15.2% increase [3] - Processing volumes increased by 7.4%, with Q1 2025 figures at 7,411 mt compared to 6,901 mt in Q1 2024 [4][3] - Mining production saw an overall increase of 18.4% in Turkish mines, with Q1 2025 production at 19,550 mt compared to 16,510 mt in Q1 2024 [3][7] - However, South African mining activity dropped significantly by 26.8%, with Q1 2025 production at 51,413 mt compared to 70,278 mt in Q1 2024, attributed to heavy rainfall affecting operations [3][7]