Issue of Equity

26 Mar 2007 14:55

International Ferro Metals Limited26 March 2007 26 March 2007 International Ferro Metals Limited ("IMFL" or "The Company") Issue of Securities On 26 March 2007, the Company issued and allocated: - 600,000 new Ordinary Shares, following the exercise of options, at an exercise price of 36.75 pence per share; and - 211,908 new Ordinary Shares, pursuant to the Jiuquan Iron and Steel Group Company Limited ("JISCO") Subscription Agreement, at a price of 36.75 pence per share. Following the issue of these 211,908 new Ordinary Shares, JISCO now has aninterest of 107,296,908 Ordinary Shares or 26.1% of the issued share capital ofIFML. Following the issue of these 811,908 new Ordinary Shares the issued sharecapital of the Company is 411,095,531. Application will be made for these newOrdinary Shares to be admitted to AIM, and trading is expected to commence on 30March 2007. For further information please contact: - Stephen Turner, Managing DirectorMob: +61 418 440 844www.ifml.com Fiona OwenGrant Thornton Corporate Finance+44 20 7383 5100 This information is provided by RNS The company news service from the London Stock Exchange