17 November 2017

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

New Credit Facility

Ferrexpo is pleased to announce that it has signed a new secured three year revolving credit facility of US$195 million (the "Credit Facility"). The committed Credit Facility was arranged by BNP Paribas and includes a syndicate of six international lenders. The Credit facility will amortize over eight quarters with final repayment on 31 December 2020 and will be used for general corporate purposes.

Chris Mawe, Chief Financial Officer of Ferrexpo said:

"This new Facility is testimony to the strong business profile of the Group and is a continuation of Ferrexpo's strategy to further strengthen its balance sheet in a volatile commodity price environment. The Facility will significantly reduce the Group's average cost of funding and extend its debt maturity profile."

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Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the Former Soviet Union. In 2016, it produced 11.2 million tonnes of pellets reflecting a 2% increase in production of the Group's highest quality pellets to a record 10.5 million tonnes. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com