Issue of Shares under Entitlements Offer

10 November 2014

Ferrum Crescent Limited

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

Issue of Shares under Entitlements Offer

Ferrum Crescent today announces the issue of shares under its entitlements offer, announced on 9 October 2014 (Entitlements Offer). The Company offered under the Entitlements Offer issue 2 new shares for every 3 existing shares in the Company (Shares) held on the Record Date (20 October 2014), to raise up to approximately A$2 million (before costs, and subject to rounding and currency exchange rates).

Under the Entitlements Offer, there were 253,735,414 Shares on offer. The Company announces that it has issued a total of 49,065,642 Shares and that it expects those shares to be admitted to trading on AIM at 8.00am tomorrow morning, being 11 November 2014. Accordingly the Company has an issued share capital of 429,671,419 Ordinary Shares.

The Entitlements Offer was underwritten by Patersons Securities Limited to the extent of 107,500,000 Shares, so that 58,434,358 Shares will be issued by the Company pursuant to that underwriting agreement, and this is expected to occur on 12 November 2014. Therefore, admission on AIM of these 58,434,358 shares is expected to commence on 14 November 2014. This will result in a total issue of 107,500,000 Shares.

For more information regarding the Entitlements Offer please contact: