Ferrexpo Regulatory News (FXPO)

11 February 2022

Ferrexpo plc

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

Changes to Board Roles

The Board of Directors ("Board") of Ferrexpo plc (LSE: FXPO), the world's 3rd largest exporter of high grade iron ore pellets to the global steel industry, is pleased to announce that the Board has elected to change a number of Board roles.

In respect of the role of Senior Independent Director, the Board has elected to appoint Independent Non-executive Director Fiona MacAulay into this role in place of Vitalii Lisovenko, who has completed two and half years in this position. During this time, Mr Lisovenko has played a significant role in the Board's engagement with the Group's workforce in Ukraine throughout the global Covid-19 pandemic, and also during a period of significant changes in the Group's senior leadership team. Mr Lisovenko will remain as an Independent Non-executive Director of the Group, and maintains a strong presence in Ukraine for the Board, where the Group's primary operations are based.

In addition, Independent Non-executive Director Ann-Christin Andersen has been appointed as Chair of the Group's Health, Safety, Environment and Community ("HSEC") Committee, with this change effective as of today.

In December 2021, the Board announced the appointment of Natalie Polischuk as an additional Independent Non-executive Director, increasing the Group's Independent Non-executive Directors to five. As part of the changes announced today, Ms Polischuk has been appointed as a member of both the Audit Committee and HSEC Committee.

Lucio Genovese, Chair of Ferrexpo, said:

"I would like to thank Vitalii Lisovenko for his two and a half years in the role of Senior Independent Director and I welcome Fiona MacAulay into the role. Vitalii has helped develop a strong connection between the Group's workforce in Ukraine and the Board, particularly against an uncertain backdrop of the global Covid-19 pandemic. As part of the rotation of roles announced today, Ann-Christin Andersen is appointed to the role of Chair of HSEC Committee, which we feel is an excellent fit given Ann-Christin's background in renewable energy, circular economy sectors and industrial digitalisation.

"Finally, we are pleased to confirm the appointment of Natalie Polischuk to the Audit and HSEC Committees, who brings a wealth of experience of the Ukrainian business environment."

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About Ferrexpo:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group's iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 40 years and in 2021 the Group produced 11.2 million tonnes of iron ore pellets, placing Ferrexpo as the world's 3rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. The Group has a global customer base comprising of premium steel mills around the world, which includes steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. For further information, please visit www.ferrexpo.com.