Ferrexpo Regulatory News (FXPO)

12 November 2019

FERREXPO PLC

Update statement on AGM voting results

Following Ferrexpo's Annual General Meeting (AGM) on 7 June 2019, and in line with the requirements of the UK Corporate Code 2018, the Company is providing an update in response to a significant vote against Resolution 1 (to receive the 2018 Report and Accounts: 67% of votes for and 33% of votes against).

The Board acknowledged the voting outcome at the time of the AGM, and noted that it took the views of shareholders extremely seriously, and confirmed that it was committed to an open dialogue with all shareholders.

Since the AGM, the Company has engaged with shareholders on a number of matters relating to corporate governance with members of the Board and senior management of the Group having consulted with a significant proportion of the key shareholders of the Group's free float as of 30 June 2019.

Actions taken by the Company to date include those outlined in Group announcements released on RNS on 7 June 2019 (Board appointment); 3 July 2019 (Appointment of auditor); 12 August 2019 (Board appointment); 19 August 2019 (Appointment of Senior Independent Director) and 30 August 2019 (Conclusion of independent review).

The Board remains committed to undertaking shareholder consultations on all significant corporate matters whenever it is practicable to do so and to continuing its policy of maintaining an open dialogue with all shareholders. A final summary of actions taken by the Company will be provided in its Annual Report and Accounts for the financial year ending 31 December 2019.

For further information contact:

Ferrexpo:

Maitland:

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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. 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