Ferrexpo Regulatory News (FXPO)

27 May 2021

Ferrexpo plc

 ("Ferrexpo", "the Company" or the "Group")

Annual General Meeting Presentation and Chair Address

Ferrexpo announces that the following remarks will be made by the Group's Chair, Lucio Genovese, at today's Annual General Meeting ("AGM") for shareholders to be held via webcast.

The AGM will also be accompanied by a presentation on the reporting year, which is available at www.ferrexpo.com.

Lucio Genovese, Non-executive Chair of Ferrexpo plc, will make the following remarks:

KEY HIGHLIGHTS FOR 2020

Before we begin, I would like to take a moment to thank the Ferrexpo team for their professionalism and dedication in what has been a challenging year for all. To succeed in the mining sector, you need world class assets and world class people and over the course of the last year it is clear Ferrexpo has both these qualities.

The impact of Covid-19 has, and continues to have, an unprecedented effect on the world and people's lives. I am proud to highlight Ferrexpo's response to the pandemic, which saw the Company doing its upmost to protect the wellbeing of all our stakeholders and ensuring we remained focused on our goals for 2020.

Covid-19 has undoubtedly changed the way the world does business, with a spotlight being shone on not just the welfare of a company's employees, but also the affect that companies have on the environment and the wider communities in which they operate. Ferrexpo has long focused on its licence to operate, and during 2020 we reported a 16% reduction in our carbon footprint per tonne in a single year, a fantastic result. This highlights the strength of our management team who are working tirelessly to continue to see these emissions reduced further.

The Company's ESG strategy also saw enhanced procedures and internal controls improving the Corporate Governance framework. This has resulted in a number of new appointments to the Board including welcoming Jim North as Executive Director having spent six years as the Group's Chief Operating Officer, Fiona MacAulay, Independent Non-executive Director, appointed Chair of the Health, Safety, Environment and Community Committee and Ann-Christin Andersen, who has been appointed Independent Non-executive Director, increasing the number of Independent Directors to four. The Board is made up of a majority of Independent Directors and we have publicly committed to appointing another Independent Director to further strengthen the Board together with its diversity and independence. The Company also completed a full remuneration policy review, with executive incentives now linked to a range of ESG metrics.

Our strong governance stance has also resulted in a third employee engagement survey supported by the appointment of Vitalii Lisovenko as the Non-executive Director designate for workforce engagement. We had, and continue to have, a renewed focus on shareholder and key stakeholder engagement. We believe that it is paramount to the success of Ferrexpo to ensure that all shareholders and stakeholders alike have the opportunity to provide feedback so that the Company can continue to make the necessary changes to ensure continued success.

KEY PRIORITIES FOR 2021

Looking to the year ahead, our main focus continues to be the health and wellbeing of all our employees. As parts of the world begin to open up and ease restrictions, we believe it is more important than ever to stay vigilant to safeguard the health of our employees to the best of our abilities.

We are incredibly proud of the advancements we have made in reducing our emissions and we expect a similar trajectory in 2021. Our strong governance stance will also be continued with the Board intending to make an additional appointment of an Independent Non-executive Director in due course and succession planning at Board and management level.

Diversity on a Board is paramount in navigating the complex and dynamic issues that all companies face. In order for a Board to function to the best of its abilities, it is our belief that one needs to have a group of directors chosen regardless of their individual demographics. During 2020, Ferrexpo made strong movements in establishing a high performing, diverse and inclusive workforce, one that is free from discriminatory behaviours/practices, a goal which we continue to strive towards in 2021.

With so many of us relocating our offices to the home, cyber security has never been more important. We plan to focus on improving our security standards to ensure that we can continue to deliver uninterrupted growth to our shareholders.

For further information, please contact:

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world's 3rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com.