Ferrexpo Regulatory News (FXPO)

1 March 2021

Ferrexpo plc

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

Appointment of Independent Non-executive Director

Ferrexpo (LSE: FXPO) is pleased to announce the appointment of Ms. Ann-Christin Gjerdseth Andersen as an Independent Non-Executive Director to the Board of Directors ("Board") with effect from 1 March 2021, following an extensive process using an external search agency.

Ms. Andersen is an engineer with more than 30 years' experience in the oil and gas industry, having held management positions in ABB, the Kongsberg Group, and most recently, TechnipFMC (formerly FMC Technologies), where she served as Chief Digital Officer, Managing Director of TechnipFMC Norway, as well as holding Senior Vice President and Vice President roles for Projects and Products during her time there. In 2019 she founded 4ADA AS, a strategic advisory service, supporting start-ups within the renewable energy and circular economy sectors and consulted on policy changes in areas such as offshore wind, the energy transition and industrial digitalisation.

Since 2020, Ms. Andersen has served as Chair of the Board of Glitre Energi AS, a local government owned firm in Norway specialising in renewable energy and infrastructure, having been appointed as a director in 2015. Ms. Anderson is also a member of the Compensation Committee of Glitre Energi AS and has previously served on this firm's Audit Committee. She has also been a Non-executive Director of Maersk Drilling since 2020, a firm operating in the oil and gas sector where she is also a member of this firm's committee for safety and sustainability. In addition, Ms. Andersen has served on the board of Quantafuel since 2019, and Rotork Plc since 2018, with positions at Rotork Plc on the Remuneration and Audit Committees and Chair of the Environmental, Social and Governance Committee.

Previous appointments for Ms. Andersen include board of director positions at Veidekke ASA, Ocean Space Center, and OG21. Ms. Andersen was also Chair of the Board of Søndre Buskerud Alarmsentral between 2004 and 2010. There is no other information concerning Ms. Andersen that is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.

Lucio Genovese, Chair of Ferrexpo, commented:

"We are delighted to announce Ann-Christin Andersen's appointment to the Ferrexpo Board. She brings a broad range of experience in the natural resources sector, in both developed and emerging markets, as well as a track record of orchestrating transformation. Ann-Christin's experience implementing a culture of safety, stepping up automation and driving a digital transformation are closely aligned to the Group's latest phase of development. We look forward to working with her."

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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 million tonnes 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.