Ferrexpo Regulatory News (FXPO)

17 August 2011

NOTICE TO THE HOLDERS OF THE

U.S. $500,000,000 7.875 per cent. Guaranteed Notes due 2016

(the "Notes")

issued by

Ferrexpo Finance plc

(the "Issuer")

Capitalised terms used but not otherwise defined herein shall have the meanings ascribed to them in the trust deed dated 7 April 2011 (the "Trust Deed") entered into between (among others) the Issuer and BNY Mellon Corporate Trustee Services Limited as Trustee.

Background

We refer to the Notes and the Trust Deed. Pursuant to Condition 2(b) of the Notes, the Issuer is required to cause any Subsidiary that becomes a Material Subsidiary to accede to the Trust Deed and the Note Guarantee as an Additional Note Guarantor.

Accession of Additional Note Guarantor

The Issuer hereby gives notice to the Noteholders that, on 3 August 2011, Ferrexpo Middle East FZE became a Material Subsidiary as determined by reference to the latest financial statements of the Parent published by the Parent on 3 August 2011. As required by Condition 2(b) of the Notes, on 17 August 2011, Ferrexpo Middle East FZE acceded to the Trust Deed and the Agency Agreement as an Additional Note Guarantor.

Documents for inspection

For the period of 12 months starting on the date of this notice, copies of the deeds of accession in respect of the Trust Deed and the Agency Agreement will be available, during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted), for inspection at the office of Ferrexpo Finance plc.

Noteholders should take and rely on their own professional advice in connection with this notice. This notice is given by the Issuer.

Ferrexpo Finance plc

2-4 King Street

London

SW1Y 6QL

For further information, please contact:

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is principally involved in the production and export of high quality iron ore pellets, which are used in the manufacture of steel. Ferrexpo's resource base is one of the largest iron ore deposits in the world. Its current producing asset, FPM, produced approximately 10 million tonnes of iron ore pellets in 2010 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other Asian countries. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com