Extension of Supply Contract

23 Jul 2007 10:24

Ferrexpo PLC23 July 2007 23 July 2007 FERREXPO PLC ANNOUNCES EXTENSION OF SUPPLY CONTRACT WITH VOESTALPINE Ferrexpo plc, the London-listed resources group, today announces that theEuropean steel processing group Voestalpine AG has extended its contract for thesupply of iron ore pellets through to 2015. Under the agreement, Ferrexpo will supply Voestalpine with more than two milliontonnes of pellets per annum. Through Ferrexpo Poltava Mining, its principaloperations in Ukraine, Ferrexpo has been a stable supplier to Voestalpine forapproximately 25 years. Ferrexpo believes this contract cements the strategic nature of its relationshipwith Voestalpine and represents a further milestone in its expanding productdistribution. Ferrexpo is committed to realising the potential of its uniqueresource of approximately 18 billion tonnes of iron ore, and to becoming aleading global supplier of iron ore pellets. "We are pleased to extend our relationship with Voestalpine," said Simon Wandke,Ferrexpo's Chief Marketing Officer. "Voestalpine is a core customer relationshipfor Ferrexpo Poltava Mining in which our joint management of the rail and vesselsupply chain from Ukraine to Voestalpine's facilities allows for effective andtimely pellet supply, and our product flexibility meets the needs ofVoestalpine. This agreement underscores our significant competitive advantagesand ability to deliver value to our clients and shareholders." -ENDS- For further information, please contact: Ferrexpo: +44 207 389 8302 Dennis McShaneSimon C Wandke Finsbury: +44 207 251 3801 Robin WalkerAlex Simmons Notes to Editors: Ferrexpo is a resources company with assets in Ukraine, principally involved inthe production and export of iron ore pellets, used in producing steel. Currentoutput is around 9 million tonnes, around 90% of which is exported tosteelmakers around the world. The Group is currently undertaking a significantgrowth programme and listed on the main market of the London Stock Exchange inJune 2007 under the ticker FXPO. For further information please visitwww.ferrexpo.com. Voestalpine, headquartered in Austria, is a leading European processing groupwith its own steelmaking facilities. It is the third largest supplier in Europeof high quality sheet steel for the automotive, household appliance andconstruction industries. In addition to the company's Steel division its RailwaySystems, Automotive and Profilform divisions all occupy top positions in theirrespective markets. For further information please visit www.voestalpine.com. This information is provided by RNS The company news service from the London Stock Exchange