Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Ferrexpo plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Transfer of ownership of the 76,656,035 shares held in the Issuer

(being the entire holding of shares in the issuer held indirectly by

BXR Group Limited) by Wigmore Street Investments No. 3

Limited to its nominee, Lynchwood Nominees Limited A/c

2006420

X

3. Full name of person(s) subject to the notification obligation:

BXR Group Limited, the ultimate parent undertaking and indirect controller of Wigmore Street Investments No. 3

Limited

4. Full name of shareholder(s) (if different from 3.):

Lynchwood Nominees Limited A/c 2006420 as nominee for and on behalf of Wigmore Street Investments No. 3 Limited

5. Date of the transaction and date on which the threshold is crossed or reached:

17 January 2011

6. Date on which issuer notified:

18 January 2011

7. Threshold(s) that is/are crossed or reached:

Whilst there is no change to the direct or indirect voting rights held by BXR Group Limited, the voting rights attached

to shares held directly by Wigmore Street Investments No. 3 Limited decreased from above 13% to below 3%, and the voting rights attached to shares held directly by Lynchwood

Nominees Limited A/c 2006420 as nominee for and on behalf of Wigmore Street Investments No. 3 Limited

increased from below 3% to above 13%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

76,656,035

76,656,035

76,656,035

76,656,035

N/A

13.02%

N/A

 GB00B1XH2C03

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Total Return Swap over

ordinary shares of

Ferrexpo plc

On the

date 10

business

days prior

to 22

October

2012

Wigmore Street

Investments No. 3

Limited may elect for

physical settlement of

the Total Return Swap

on the date 10 business

days prior to 22

October 2012

23,500,000

3.99%

Total Return Swap over

ordinary shares of

Ferrexpo plc

On the

date 10

business

days prior

to 22

October

2012

Wigmore Street

Investments No. 3

Limited may elect for

physical settlement of

the Total Return Swap

on the date 10 business

days prior to 22

October 2012

23,500,000

3.99%

Total Return Swap over

ordinary shares of

Ferrexpo plc

On the

date 10

business

days prior

to 22

October

2012

Wigmore Street

Investments No. 3

Limited may elect for

physical settlement of

the Total Return Swap

on the date 10 business

days prior to 22

October 2012

23,500,000

3.99%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

147,156,035

24.99%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

BXR Group Limited is the ultimate parent undertaking and indirect controller of Wigmore Street Investments No. 3 Limited. Lynchwood Nominees Limited A/c 2006420 holds 76,656,035 shares in the Issuer (being the entire holding of shares in the Issuer held indirectly by BXR Group Limited) as nominee for and on behalf of Wigmore Street Investments No. 3 Limited

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Mr David Leonard

15. Contact telephone number:

+44 (0) 20 7389 8300