IFL.L Regulatory News (IFL)

30 May 2008 10:57



30 May 2008

International Ferro Metals Limited

("IFL" or the "Company")

Issue of Equity and resultant change in Director Shareholdings

IFL announces that on 29 May 2008 a total of 816,666 unlisted options were exercised at various exercise prices by Directors. These shares rank pari passu with the existing class of ordinary shares. 

Also on 29 May 2008 a total of 766,666 ordinary shares were sold by directors.

The notification of transactions of directors/persons discharging managerial responsibility and connected persons for the directors are attached.

As a result of the exercise of the options the total issued share capital of the Company has increased to 504,827,458 ordinary shares.

For further information please contact:

International Ferro Metals Limited

Stephen Turner, Chief Executive Officer

Mob: +61 418 440 844 

OR

David Kovarsky, Managing Director Mob: +27 82 650 1192

www.ifml.com

Brunswick Group

Patrick Handley / Carole Cable

Tel: +44 (0) 20 7404 5959

Numis Securities Limited

John Harrison / Stuart Skinner

Tel: +44 (0) 20 7260 1000

Notes to editors:

IFL produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa.