EXPECTED RESULTS FOR QUARTER ONE WOULD BE SIGNIFICANTLY BETTER FOR AFARAK

Ferro-alloys.com:  Afarakhas increased its revenue substantially in Q1/2017 when compared to Q1/2016. The increase in chrome ore and ferrochrome market prices and Afarak's progression in production, both in Germany and in South Africa, contributed significantly to this improved performance.

It is expected that quarter one result for 2017 will be among the highest recorded for the company since it entered the mineral business.  The EBIT is expected to reach a level of not less than € 10 Million.

Afarak will publish its interim report for the first quarter of 2017 on May 12^th, 2017.

• [Editor:Zhao Xiaobo]