Appointment of Chief Marketing Officer

10 March 2011

Ferrexpo plc

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

Appointment of Chief Marketing Officer

Ferrexpo is pleased to announce the appointment of Jason Keys as Chief Marketing Officer.

Jason joins from BHP Billiton where he is currently Global Marketing Manager for Iron Ore. Jason brings with him significant industry experience in both the European and Asian iron ore markets having lead BHP Billiton's Iron Ore commercial marketing team over the last 5 years.

For the 12 years prior to that, Jason held senior sales and marketing roles within BHP Billiton Coal and Rio Tinto Coal and Iron Ore.

Jason has a background in finance having qualified as a Certified Professional Accountant and obtaining a Bachelor of Commerce degree from the University of Western Australia.

Kostyantin Zhevago, CEO of Ferrexpo, said:

"I am delighted to welcome Jason to the Group. He has vast experience in the sales and marketing of iron ore and will be a key player in strengthening our position as an important supplier to the global seaborne pellet market."

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