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Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that the Company has signed a sale agreement in relation to part of the saw mill equipment the Company acquired in 2008 for the cancelled investment project in Kostroma, Russia. The transaction from the discontinued operation positively affects the Q4/2014 profit for the period by EUR 1.77 million but does not have an effect on EBITDA or EBIT and consequently the outlook of the Company remains unchanged. Cash inflows from this transaction will be of EUR 1.20 million and the release from the provision in relation to the discontinued wood business will be of EUR 0.57 million. The Company aims to sell the rest of the saw mill equipment during 2015.