Holding(s) in Company

4 May 2016

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)

Holdings in Company

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that on 3 May 2016 it was notified by Grassroots Exploration Pty Limited ("Grassroots Exploration") (a company controlled by Mr Alan Jenks) that it no longer holds a notifiable interest in the Company.

This follows a recent distribution in specie of Grassroots Exploration's shareholding in Ferrum Crescent to its underlying individual members' accounts, a number of whom have continued to demonstrate strong support and continued interest in the Company's activities, most recently participating in the Company's equity fundraising announced on 27 April 2016.

For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Justin Tooth, Executive Chairman

Grant Button, Company Secretary

T: +61 8 9474 2995

UK enquiries:

Laurence Read (UK representative)

T: +44 7557 672 432

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

Beaufort Securities Limited (Broker)

Elliot Hance

T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)

Doné HattinghT (direct): +27 11 459 5037