Appointment of COO

14 December 2010

Ferrexpo plc

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

Appointment of Chief Operating Officer

Ferrexpo is pleased to announce the appointment of Brian Maynard as the Group Chief Operating Officer with effect from 10 January 2011.

Mr. Maynard has extensive operational experience in bulk commodities having managed various large scale mining divisions through-out his 30 year career at Vale Australia (Coal) and Vale Inco (Canada Nickel).

Mr. Maynard, who is 51 years old, was educated at the University of Manitoba, Canada in geological engineering.

Kostyantin Zhevago, CEO of Ferrexpo, said:

"I am delighted to welcome Brian to the Group. He has a proven track record in mine exploration, development, metallurgical processing and logistics while also achieving excellent safety results. I believe Brian's considerable expertise will complement the existing skills of the Group's operational team ensuring that we have the requisite know-how to further successfully develop our assets."

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Notes to Editors:

Ferrexpo is a Swiss headquartered resources company with assets in Ukraine, principally involved in the production and export of iron ore pellets, used in producing steel. Current output is approximately 9.5 million tonnes, which is exported to steelmakers around the world. The Group is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information please visit www.ferrexpo.com.